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CMC passed on proposal to lease Iron Horse

Teresa Ristow
The Iron Horse property in 2014.
Iron_Horse_File

CMC considering apartment-style housing in Steamboat

During a capital planning workshop at last Thursday’s CMC Board of Trustees meeting, Steamboat campus vice-president Kathy Kiser-Miller presented possible future projects on the campus.

A top capital planning priority for Steamboat’s Alpine Campus would be constructing new, apartment-style housing for students and possibly staff.

The estimated cost of a potential new housing building would be $12 million, according to a draft of a document outlining proposed capital planning projects for all CMC campuses.

Board of trustees members reviewed the document during their meeting Thursday and will decide during future meetings how to prioritize projects across the college and potential funding mechanisms or partnerships to pay for the projects.

Other proposed projects for the Steamboat Springs campus were a leadership center and Bristol Hall remodel, a business workforce extension, an engineering center and a hospitality and tourism center.

Trustee Ken Brenner told board members the college could potentially buy the Western Lodge property or the Dyke property — both located on Lincoln Avenue down the hill from the college — and use the sites for future college expansion.

— Colorado Mountain College leaders in August passed on an offer to lease one building of the Iron Horse Inn and use it to house students.

College staff reported to the school’s board of trustees that they were approached by Ski Town Commercial with an offer to lease a 26-unit building exclusively to students.

“The new owners of the 26-room property were renovating the building with an intention to lease the rooms to corporate clients for seasonal lodging or to the college or both,” read a narrative written by CMC staff for the board of trustees.

CMC leaders said that, in August, they negotiated with Ski Town Commercial, but the parties met an impasse and were unable to agree on terms of a potential contract.

“In particular, Ski Town Commercial was interested in executing a three-year lease for the entire building at rates that were not viewed as competitive or realistic, at least not for very cost-conscious college students,” the narrative stated.

CMC staff said the proposal represented too much financial risk for the college, and, with only a few weeks before the start of fall term and rooms still available in the college’s dorms, staff chose to discontinue negotiations.

Asked for more details about the potential lease agreement Friday, Ski Town Commercial broker Brandon Dardanis released a statement.

“Having met with CMC multiple times, the ownership group understands the challenges CMC faces in finding housing for staff and students in the Steamboat Springs area,” the statement read. “In working with CMC, as well as the town’s employers, Swedproperty Workforce, LLC and Ski Town Commercial Real Estate continue their efforts in finding real time solutions for the town’s seasonal and long-term housing needs.”

Dardanis did not respond to a question on whether the rooms offered to CMC had current tenants.

CMC staff said they were told there were some month-to-month tenants in a few of the rooms but that the entire building would be made available.

CMC considering apartment-style housing in Steamboat

During a capital planning workshop at last Thursday’s CMC Board of Trustees meeting, Steamboat campus vice-president Kathy Kiser-Miller presented possible future projects on the campus.

A top capital planning priority for Steamboat’s Alpine Campus would be constructing new, apartment-style housing for students and possibly staff.

The estimated cost of a potential new housing building would be $12 million, according to a draft of a document outlining proposed capital planning projects for all CMC campuses.

Board of trustees members reviewed the document during their meeting Thursday and will decide during future meetings how to prioritize projects across the college and potential funding mechanisms or partnerships to pay for the projects.

Other proposed projects for the Steamboat Springs campus were a leadership center and Bristol Hall remodel, a business workforce extension, an engineering center and a hospitality and tourism center.

Trustee Ken Brenner told board members the college could potentially buy the Western Lodge property or the Dyke property — both located on Lincoln Avenue down the hill from the college — and use the sites for future college expansion.

To reach Teresa Ristow, call 970-871-4206, email tristow@SteamboatToday.com or follow her on Twitter @TeresaRistow


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