Monthly Archives: August 2011

New Restaurant on Vail Mountain opening this Season

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A new restaurant is opening on Vail Mountain this winter for the 2011 – 2012 ski season. It will be located on the slopes at Mid-Vail and will offer full service dining, as opposed to a cafeteria style like most other spots on the mountain. The restaurant will be perfect for skiers and riders looking for quality and service where they can sit down and enjoy lunch being served. The new restaurant will also offer a bar and lounge area with floor-to-ceiling windows for guests to view the Gore Range while sipping on their cocktail or hot chocolate. Mid-Vail is located north-west to chairs 3 and 4 and is the perfect location to meet friends skiing in different areas for the day. Check our blog later this fall to hear about the menu for the new hot spot on Vail Mountain. If you prefer to ski into your own home on Vail Mountain for lunch, Ron Byrne & Associates can help you make your dream of slope-side living a reality. To view all homes available in the Vail Valley, please visit www.ronbyrne.com, call us at 970-476-1987 or visit Ron Byrne & Associate’s office on Bridge Street.

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Leipheimer Wins Vail Pro Cycling Challenge Stage 3

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VAIL — American Levi Leipheimer had the best time today in the 10-mile time trial in the USA Pro Cycling Challenge and on the way also took the overall lead away from Tejay Van Garderen. The 10-mile stage started in Vail Village and then climbed over the last three miles to the finish on Vail Pass. Leipheimer won the stage in 25 minutes, 47.08 seconds. He was 0.58 of a second faster than Christian VandeVelde. Van Garderen was 51 seconds back in the stage and dropped to third overall.

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Vail’s Culinary Scene Lunges Forward

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Celebrity chef and restauranteur Nobu Matsuhisa has just opened a Matsuhisa restaurant in Vail. Vail has never had a restaurant of this stature before. Matsuhisa restaurants are only found in four cities – Aspen, Beverly Hills, Mykonos Greece, and now Vail. The restaurant is located in Solaris, one of the new developments in Vail Village that was completed last year. The cuisine at Matsuhisa is Japanese with a Peruvian influence. The New York Times has included the restaurant on its list of top 10 restaurant destinations in the world. Standouts on the menu are the miso black cod and Chilean sea bass with truffle or black bean sauce. The fish has a crisp sear on the outside and yet remains silky and flaky on the inside. And each and every sauce on every dish is made to complement the fish without overshadowing it. The fish is the star on every plate — Matsuhisa is not a heavy-handed chef who fusses with unnecessary garnishes or too many ingredients on one plate. Matsuhisa believes in cooking from the heart, according to his philosophy on his website. He says he’s sure that his dishes cannot be re-created, even by those who follow the…

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Gore Range pump Track – new in Vail

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For all mountain biking enthusiasts and newcomers to the sport, there is a new Pump Track in Vail to train on and hone your skills. In addition to the many mountain biking trails Vail already has to offer, the new Gore Range Pump Track at Eagle’s Nest is now complete and open to the public for mountain bike access. The track is a continuous loop located on top of Vail Mountain and consists of rollers and berms designed to teach bikers how to maintain speed, gain speed over bumps and maneuver through tight turns. The new track is a great addition to Vail’s lineup of on-mountain activities offered in the summer. Opening the Gore Range Pump Track on Vail Mountain is a clear sign of the resort’s dedication to furthering the sport of mountain biking. If this new opportunity to ride Vail’s Pump Track brings you to the Vail Valley this summer, consider Vail Real Estate options and making your vacation become a lifestyle. For more information about Vail Mountain and Vail Real Estate, please visit www.ronbyrne.com, stop by our office on Bridge Street, or call 970.476.1987.

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Wildflowers

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Many people visiting Vail in the summer come not only for the rafting, fishing, hiking, biking and kayaking, but to view Vail’s magnificent wildflowers. The flowers this summer are flourishing following our cool, wet spring and early summer. There are many hikes and walks to view the beauty of Vail’s natural growth, or you can partake in Vail Mountain’s four-wheel-drive mountain tours and horseback tours. Here are a few suggestions of where to view Vail’s wildflowers: • Gore Creek: There are seven acres of wildflower meadows along Gore Creek. This time of year, the meadows are dominated by scarlet gilia, showy daisies, harebells, lupines, and valerian. The Vail Nature Center offers wildflower walks on Mondays and Wednesdays at 11:30 a.m. and on Thursdays at 2 p. m. through Aug. 18. • West Grouse Creek trail in Minturn has lots of wild geraniums, arnica and penstemons. • Eagle’s Nest ( top of the gondola): Stop by the Nature Discovery Center to ask questions about wildflowers. Easy hiking trails offer great wildflower viewing. • Shrine Mountain ( access from Vail Pass exit to Shrine Pass) has Indian paintbrush, Parry’s primrose, and penstemons, which make for colorful vistas. • North Trail ( Red…

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East West Partners Project Sold in Foreclosure

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A local development company’s Lake Tahoe hotel project fell into foreclosure and put another $900 million of Tahoe-area real estate into bankruptcy. East West Partners developed Ritz-Carlton, built at the base of Northstar-at-Tahoe, became the latest victim of northern California’s tanking tourist industry. The luxury hotel opened in 2009 amid great fanfare, but at the depths of the recession. On March 31, 2010, Bank of America filed a notice of default in Placer County, California, involving two loans totaling $157 million against East West Partners, which owned The Ritz-Carlton, Lake Tahoe at the time, according to the North Lake Tahoe Bonanza. In May 2010, the lending group led by Bank of America took over ownership of the property to allow East West time to recover and reorganize. That time period expired June 3, 2011. Bank of America auctioned the property on June 27. “When the economy turned … the business wasn’t there to support the level of debt that was there on the hotel,” East West’s Jim Telling told the Sacramento Bee. The Ritz-Carlton was developed by a partnership of Crescent Real Estate Equities Co. and East West Partners. The hotel will remain a Ritz, under a 25-year management contract….

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Sales Tax Revenue up in Vail

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Cities live and die by sales taxes, and this summer the living is a little easier. Sales taxes are up across most of Colorado and the valley. A Colorado Municipal League’s survey found that 62 percent of the state’s cities and towns say their economic picture is improving; 30 percent say it’s flat and 8 percent say it’s getting worse. Sales tax collections mirror consumer spending. The survey shows an average increase in sales tax revenue of 6.5 percent for the first four months of 2011 compared with the same period in 2010. Across Colorado, 81 percent of municipalities reported increased sales tax revenue. Only one-third of municipalities saw a sales tax revenue increase in 2010. “The investment in economic development that is being made by cities and towns is reaping benefits for our state’s economy. There is no doubt that the road to Colorado’s economic recovery runs right through Main Street,” said Diana Allen, Colorado Municipal League president. Local motion picking up steam Speaking of Main Street, the closer to the resorts businesses are, the better they seem to be doing. Overall, Vail is up 9.8 percent over last year, just over $1 million. Vail Village is up 29…

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