Board votes final approval for Shorefox purchase
Granby is moving forward with plans to purchase the 1,500-acre Shorefox property north of Granby proper.
The Town’s Board of Trustees voted a final approval of the move last Tuesday May 10 following an Open House and Question and Answer session with community members at Town Hall. The Board of Trustees previously approved the move in official Board votes but with the end of the due diligence period looming on May 13 the Board of Trustees was given one final opportunity to decline purchasing the property without significant losses to the Town.
Moving forward the Town has until June 10 to close on Shorefox. Between now and June 10 the Board of Trustees could reverse their decision to purchase the property but the Town would forfeit the $100,000 deposit already applied to the purchase.
Tuesday night’s Open House and Q&A event was filled to capacity with local residents and featured Granby Mayor Paul Chavoustie giving a PowerPoint presentation about possible plans for the property. No formal decision has been made yet regarding plans for the property but possibilities range from the development of a public accommodation RV park and campsite business that would be privately owned to a possible music venue, equestrian trails and many hiking and biking trails.
During Chavoustie’s review of the project he detailed the Town’s purchase price for the property as $4.5 million. Chavoustie, who is a local land developer, stated emphatically he is not receiving any form of commission on the project. According to Chavoustie the Town has letters of interest on the property from interested parties and businesses totaling $5.5 million.
Community members and residents of the area surrounding Shorefox posed numerous questions to Chavoustie and the Board regarding multiple topics such as how the project and land purchase would be paid for and how water rights on the property would be administered.
After the lengthy question and answer session an informal poll was taken of those in attendance asking whether they supported the plans to purchase Shorefox. The results were overwhelming with three individuals raising their hands in opposition to the move and the remainder of the crowd, totaling roughly 50 people, raising their hands in support of the action.
Earlier this week Mayor Chavoustie talked about his excitement moving forward on the project as he sought to clarify concerns from Town residents. “Some people think new taxes are going to be raised to pay for this,” Chavoustie said. “There will be no additional taxes.”
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Grand County’s real estate transactions June 13-19 were worth more than $22.2 million combined.