Gimme Shelter

Fall Line
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Fall Line
Fall Line 1104

Always eager to solve its customers' problems, Vail, Colo., now has the answer to that nagging question of where you should park your enormous new SUV this ski season: in a $100,000 private parking spot, naturally. One of the first projects in the resort's massive $500 million base-area redevelopment is a 114-space underground garage that's steps from the Vista Bahn lift. Though it's not scheduled to open until February, spaces sold out in six weeks, bringing in nearly $12 million. For an additional $25,000 or so, you get some storage with your parking space. "We knew there was a strong market for parking, but we were still surprised at the response," says Vail spokeswoman Kelly Ladyga. The parking spots are owned outright-like condos-so they can be bought and sold at will, though none have been flipped so far. Second-home owners purchased approximately 60 percent of the spaces. One local-the mayor-bought two.

NOVEMBER 2004