Posted by:
Erin Eddy
www.ourayland.com
www.ridgwayland.com
Cornerstone Named Best Private Course by Golf Magazine
Greg Norman Course to Host Senior Tournament
MONTROSE – The unparalleled beauty of Cornerstone’s setting atop the Uncompahgre Plateau is enough to set it apart from other mountain developments. But add to that a Greg Norman-designed golf course and be prepared for national recognition.
The January 2009 issue of Golf Magazine, currently on newsstands, has named Cornerstone the #1 Best New Private Golf Course in the country.
The 7,945-yard, par 72 course was touted by the editors at Golf Magazine as “easily the best high-altitude course in the nation, and quite possibly the world.” They called it Norman’s “finest North American project to date.” This prestigious recognition, which bested Donald Trump’s National Bedminster in New Jersey (#2), comes six months after all 18 holes were opened in July.
“This is something we are certainly proud of,” Head Golf Pro and Golf Manager Sean Tannehill said in an interview last week. “This is a golf course that is designed for everybody. My favorite thing about the course is the possibility of playing a multitude of different approaches, which enables a lot of bump and runs and a lot of great shots.”
The editors at Golf Magazine also made note of the way the course uses the natural landscape: “Purists will appreciate the tough forced carries and greens that often demand run-up approach shots, and the fast greens and shaved surrounds even things up for players of all abilities.”
The course was designed according to Norman’s well-known “least disturbance” philosophy, which curtails massive earth movement, reduces large-scale clearing and takes full advantage of the natural features on the landscape. The course covers more than 300 acres and is designed to provide golfers at all skill levels an enjoyable game.
“When Greg Norman first toured the land on snowmobile, he immediately saw the potential for the golf course and we partnered with him knowing that we had selected the best designer in the business,” said Larry Corsen, senior vice president of Hunt Realty Inc., a privately held real estate investment company, and owner and operator of Cornerstone. “We are thrilled to see our dream of Greg’s talent come to fruition and be recognized as the number one private golf course by Golf Magazine. We are truly honored to be at the top of this revered category of golf course in the United States.”
As if the #1 ranking wasn’t enough, Tannehill said that Cornerstone will be hosting the Colorado Senior Amateur Championship the first week in September.
“For us, it is a great way to get senior competitive players to play our course and to this part of Colorado,” said Tannehill. “All of these championships have always been held out on the Front Range [of Colorado] and it is a great opporunity for us.”
Members of Cornerstone have access to a 20-plus acre practice facility and some of the finest golf professionals and staff in the nation. Mark Wood has consistently been ranked one of the top 50 instructors in the country for the past 10 years, and Kathy Hart-Wood, former LPGA touring pro and also a celebrated top 50 instructor as named by Golf for Women, is director of women’s golf. Cornerstone also recently celebrated the opening of its clubhouse, which includes a casual bar and grill, outdoor dining and the Village Mercantile, featuring a golf pro shop and outfitters’ headquarters.
Written by Gus Jarvis
Saturday, December 27, 2008
Saturday, December 20, 2008
County to buy Telluride Real Estate
Posted by Erin Eddy
www.ourayland.com
www.ridgwayland.com
County to Buy Property
by Karen JamesDec 18, 2008 | 173 views | 0 | 0 | | First In-Town Purchase Since 1999
TELLURIDE – The San Miguel County Board of Commissioners passed two resolutions on Wednesday that will advance its plans to purchase property located at 335 W. Colorado Ave.
When finalized, the transaction will represent the county’s first purchase of property within Town of Telluride boundaries since buying the second floor of the Miramonte Building in 1999, according to County Attorney Steve Zwick.
“It has been a long time since the county has acquired property inside the town,” he said, adding that the county hopes to close on the deal by Dec. 24.
“We had the opportunity and we needed to take advantage of it,” said County Administrator Lynn Black.
Legally described as Lots 1, 3 and 5, Block 1, Town of Telluride, Needle Rock Fiber Arts currently occupies a ground level commercial space in the property’s main building and will remain a tenant there following the sale, Black confirmed. Stewart Title of Colorado previously had ground floor offices there until the company moved.
In addition to the main building, some sheds located behind it are also part of the property.
Black said that over the next few months the county plans to consider which of its personnel should relocate to the new building to alleviate overcrowding in its current offices. It will also be looking at ways to make the building more “livable” as it considers future development there, she said.
One of the two resolutions authorizes the financing mechanism by which the county will purchase the property, while the other authorizes Commissioner Chair Joan May to execute all closing documents related to the $4 million acquisition from its current owner, Fruen Properties LLC.
The county plans to enter into a lease/purchase agreement with Salt Lake City-based Zions First National Bank to finance $3 million of the purchase at an interest rate of 5.26 percent that will reset after five years, according to Zwick.
Lease/purchase provides local governments with a method to finance the acquisition of large capital assets such as buildings or cars through a series of one-year payment installments. Renewed annually, these payments do not extend into subsequent years and, therefore, are not technically considered debt according to state law, Zwick said.
“You are not legally obligated, you can walk away at any given year,” he explained. “It’s used by local governments to finance all sorts of things.”
As a result, lease/purchase agreements do not require voter approval according to the state Taxpayers’ Bill of Rights, or TABOR, Amendment that requires a public vote to authorize all new government debt.
“Colorado law allows local governments to finance acquisition of capital assets with lease/purchase,” said Zwick.
www.ourayland.com
www.ridgwayland.com
County to Buy Property
by Karen JamesDec 18, 2008 | 173 views | 0 | 0 | | First In-Town Purchase Since 1999
TELLURIDE – The San Miguel County Board of Commissioners passed two resolutions on Wednesday that will advance its plans to purchase property located at 335 W. Colorado Ave.
When finalized, the transaction will represent the county’s first purchase of property within Town of Telluride boundaries since buying the second floor of the Miramonte Building in 1999, according to County Attorney Steve Zwick.
“It has been a long time since the county has acquired property inside the town,” he said, adding that the county hopes to close on the deal by Dec. 24.
“We had the opportunity and we needed to take advantage of it,” said County Administrator Lynn Black.
Legally described as Lots 1, 3 and 5, Block 1, Town of Telluride, Needle Rock Fiber Arts currently occupies a ground level commercial space in the property’s main building and will remain a tenant there following the sale, Black confirmed. Stewart Title of Colorado previously had ground floor offices there until the company moved.
In addition to the main building, some sheds located behind it are also part of the property.
Black said that over the next few months the county plans to consider which of its personnel should relocate to the new building to alleviate overcrowding in its current offices. It will also be looking at ways to make the building more “livable” as it considers future development there, she said.
One of the two resolutions authorizes the financing mechanism by which the county will purchase the property, while the other authorizes Commissioner Chair Joan May to execute all closing documents related to the $4 million acquisition from its current owner, Fruen Properties LLC.
The county plans to enter into a lease/purchase agreement with Salt Lake City-based Zions First National Bank to finance $3 million of the purchase at an interest rate of 5.26 percent that will reset after five years, according to Zwick.
Lease/purchase provides local governments with a method to finance the acquisition of large capital assets such as buildings or cars through a series of one-year payment installments. Renewed annually, these payments do not extend into subsequent years and, therefore, are not technically considered debt according to state law, Zwick said.
“You are not legally obligated, you can walk away at any given year,” he explained. “It’s used by local governments to finance all sorts of things.”
As a result, lease/purchase agreements do not require voter approval according to the state Taxpayers’ Bill of Rights, or TABOR, Amendment that requires a public vote to authorize all new government debt.
“Colorado law allows local governments to finance acquisition of capital assets with lease/purchase,” said Zwick.
Sunday, December 14, 2008
Telluride Real Estate Update
Written by Ouray News
Posted by:
Erin Eddy
www.ourayland.com
www.ridgwayland.com
December 12, 2008
TELLURIDE — An ordinance that proposes to relax Telluride's Planned Unit Development process — allowing the town's planning and zoning commission more negotiation powers in dealing with PUD applicants — divided the town council on Tuesday.
On one side of the issue were council members who wanted the ordinance — a dense and complicated document — continued until January for more public digestion. On the other were members who said they were ready to pull the trigger on the ordinance, which has been in the works since April.
After a drawn-out hearing that saw one motion narrowly defeated and a spate of public comment for and against passage, the ordinance was approved by a vote of 4-3.
The ordinance was created by P&Z and staff as a way to allow for more flexibility in the design and development of a PUD project — larger type developments, such as condominiums, that eclipse the town's regular review process. The entities have been hammering it out since last April, on direction of council, and it was born as part of an effort to create more vitality in the town's commercial area.
Under the ordinance, rather than developing a project under the basic zoning requirements, applicants and the P&Z commission would negotiate in an exchange of variances for public benefits.
This way, drafters say, the town could get things like common open space, commercial space or parking spaces in exchange for say, increased building height or floor space, making the PUD process more effective.
But some have criticized it for giving P&Z too much oversight and for opening opportunities for developers to provide less affordable housing.
Posted by:
Erin Eddy
www.ourayland.com
www.ridgwayland.com
December 12, 2008
TELLURIDE — An ordinance that proposes to relax Telluride's Planned Unit Development process — allowing the town's planning and zoning commission more negotiation powers in dealing with PUD applicants — divided the town council on Tuesday.
On one side of the issue were council members who wanted the ordinance — a dense and complicated document — continued until January for more public digestion. On the other were members who said they were ready to pull the trigger on the ordinance, which has been in the works since April.
After a drawn-out hearing that saw one motion narrowly defeated and a spate of public comment for and against passage, the ordinance was approved by a vote of 4-3.
The ordinance was created by P&Z and staff as a way to allow for more flexibility in the design and development of a PUD project — larger type developments, such as condominiums, that eclipse the town's regular review process. The entities have been hammering it out since last April, on direction of council, and it was born as part of an effort to create more vitality in the town's commercial area.
Under the ordinance, rather than developing a project under the basic zoning requirements, applicants and the P&Z commission would negotiate in an exchange of variances for public benefits.
This way, drafters say, the town could get things like common open space, commercial space or parking spaces in exchange for say, increased building height or floor space, making the PUD process more effective.
But some have criticized it for giving P&Z too much oversight and for opening opportunities for developers to provide less affordable housing.
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