May 18, 2005

The Vail (Colo.) Town Council met Tuesday night to review the status of a project to build a conference center in the town. Following a cost update on the $42.5 million, 100,000-square-foot facility, the project's oversight committee gave the council three options for going forward: approving the building as designed while researching ways to rein in rising costs; reducing the proposed size of the center to reduce costs; or dropping the project altogether. The council decided to stick with the project as designed, and raise more funds through a ballot initiative in November. Since January 2003, the city has been collecting an extra 1.5 percent lodging tax and half-cent sales tax to finance the project; a citizens committee intends to seek a public vote to repeal the taxes.