As someone who lives half an hour from Killington, I found this article on Unofficial Networks particularly interesting.
The upshot: a base village at the resort with more than 1500 residences, a new hotel, 35,000 square feet of retail space, restaurants, bars, and a skier bridge between Ramshead and Snowshed mountains. Oh, and affordable housing for employees.
The Vermont Economic Progress Council approved the town of Killington Tax Increment Finance (TIF) district which allows “municipalities to pay off infrastructure bonds using tax revenue generated by having that infrastructure built.” Next up will be a town vote in November, and if that gets approved without a hitch, construction could begin in the spring of 2023.
The upshot: a base village at the resort with more than 1500 residences, a new hotel, 35,000 square feet of retail space, restaurants, bars, and a skier bridge between Ramshead and Snowshed mountains. Oh, and affordable housing for employees.
The Vermont Economic Progress Council approved the town of Killington Tax Increment Finance (TIF) district which allows “municipalities to pay off infrastructure bonds using tax revenue generated by having that infrastructure built.” Next up will be a town vote in November, and if that gets approved without a hitch, construction could begin in the spring of 2023.