A builder in Breckenridge owes the FIRC $2 million by Friday if it wants to build 14 slopeside homes at Peak 8.
The homes and money are part of the Peak 8 gondola deal, a huge project led by Breckenridge Grand Vacations. BGV and the town finally signed a contract in fall of 2024 after years of wheeling and dealing.
But something got lost in translation and a BGV building partner has been bickering with the town over its fee-in-lieu agreement. A town representative calls fee-in-lieu “a standard process” for contesting property value, in this case, 13 acres near the Peak 8 bunny hill. Until the two agreed on a fee-in-lieu the property still belonged to the town – and the builder could not build.
Yesterday, Feb. 11, the town and builder signed an updated agreement. The builder will soon own the land and the FIRC will get its promised payday.
That $2 million is going to the Sol Center, the FIRC’s new nonprofit campus on the north end of Airport Road. The FIRC had been asking towns countywide for cash to complete it when BGV promised a donation tied to the gondola deal.