Elkhorn owners
scale back rec facilities
Land-swap offer
to SVEA rescinded
"We
decided it was easier for both parties to move the project along with
Plan B."
— GREG
DeSTEFANO, Greenfield
Partners, senior
vice president of design and development
By GREGORY
FOLEY
Express Staff Writer
The
owners of Elkhorn Resort last week announced that an ambitious master
plan to redevelop the resort and surrounding village will be scaled back
and completely redrawn.
CG-Elkhorn,
a partnership of the Chesapeake Hotel Group and Greenfield Partners LLC
investment firm, on Aug. 26 officially withdrew its offer to the Sun
Valley Elkhorn Association to relocate the existing SVEA-owned swimming
pool and tennis courts and build a large-scale amenities facility for
the use of all Elkhorn homeowners.
The
proposed land-swap deal—which has been one of the principal
contingencies of a larger CG-Elkhorn plan to build 56
fractional-ownership condominiums and 38 townhouses—was scheduled to
be voted on by all SVEA members later this month.
However,
in an Aug. 28 letter to Elkhorn homeowners, SVEA President Evie Sauers
noted that the special vote has been canceled.
"At
this time it is anticipated that CG-Elkhorn Hotel will be moving ahead
with a master plan involving only their property," the letter said.
"All properties (pool and tennis courts) owned by the SVEA
membership will remain as they are."
Greg
DeStefano, senior vice president of design and development for
Greenfield Partners, confirmed Friday that CG-Elkhorn has shelved its
original master plan, and is currently working to draft a new
development plan for its Elkhorn property that does not include
recreational facilities to be shared with SVEA members.
"We’re
working on an alternative plan," he said, noting that he
anticipates that the new design will be completed in the next "60
to 90 days."
DeStefano
said the offer to the SVEA was retracted because "it became clear
that there was some opposition to the land swap" and that the
timing of the offer was problematic.
"We
decided it was easier for both parties to move the project along with
Plan B," he said.
The
announcement coincided with a decision Aug. 27 by the Sun Valley
Planning and Zoning Commission to deny CG-Elkhorn permission to commence
a five-phase demolition project to raze several parts of the village and
the Elkhorn Hotel.
A local
team of representatives for CG-Elkhorn had requested permission to start
the first phase of demolition work Sept. 15, but P&Z commissioners
unanimously denied the request and demanded that the developers submit a
master plan for city approval before moving ahead with any changes to
the site.
City
Attorney Rand Peebles at the Aug. 27 Design Review hearing said all of
the proposed demolition phases would likely require P&Z review, in
effect reversing a previous determination by city planners that
CG-Elkhorn could gain approval for some demolition work outside of the
P&Z’s purview.
Jack
Cloud, Community Development director for Sun Valley, confirmed Friday
that city planning officials were adhering to Peebles’ determination
that the city should not grant CG-Elkhorn any demolition permits without
prior approval from the P&Z.
DeStefano
three days after the determination by the city said he and his
associates were perplexed by the P&Z’s demand to formally review
the proposed master plan before allowing any work at the site, but said
CG-Elkhorn would seek to cooperate with the city to advance the
redevelopment project.
He said
CG-Elkhorn representatives were researching what the protocol should be
for their proposal, and had made no final determination as to whether
they would appeal the Aug. 27 decision.
"We’re
a little confused as to what they want," he said. "We’re
trying to define the process."
He added:
"We don’t have a huge issue with going through Design Review for
a demolition process. The bigger issue is having the demolition plan
contingent upon approval of a master plan, for which there is no defined
process."
DeStefano
noted that CG-Elkhorn had presented its original plan to the P&Z
earlier this year—although the presentation was not attached to any
formal application for approval by the city.
As for
the new master plan, DeStefano said it would likely propose the same
number of housing units, but with "scaled-back" recreational
facilities, including a smaller swimming pool, private health club and
no tennis courts.
DeStefano
said the partnership remains committed to its plan to close the hotel on
Sept. 30, and still foresees attracting ample investors to proceed with
redeveloping the site.
"Our
goal is to get [construction] started by next spring," he said.