Granby considers purchasing Shorefox
Just north of Granby, across US Highway 34 and stretching for quite some distance each way along the banks of the Colorado River is a property called Shorefox.
For the past several years the 1,553-acre property has existed in a state of limbo as various real estate development companies have considered buying the property and developing the land into a residential subdivision. Now the Town of Granby is discussing the possibility of purchasing the land and turning the area into a community park/recreation area with hopes of drawing more tourists to Granby and improving economic conditions.
In Nov. last year the Conscience Bay Company, based in Boulder, initiated discussions with the Town of Granby about the property. Conscience Bay discussed the annexation agreement that governs the Shorefox property and specific amendments they wanted to that agreement. Conscience Bay has since stepped away from the development and is no longer looking to purchase Shorefox, which is currently private property.
Paul Chavoustie, developer of the Edgewater property just south of the Fraser River and east of US Highway 40 in Granby, approached the Town with the idea after Conscience Bay backed away from the table. Chavoustie and the Granby Board of Trustees have held several executive sessions regarding the Shorefox property and Chavoustie, who ran for Mayor of Granby in the April municipal election, made the purchase of Shorefox and the proposed park/recreation area a key plank in his campaign platform. When interviewed about the project Chavoustie made it clear that he intended to pursue the project regardless of the outcome of the April election. Chavoustie also clarified that he has no intentions of developing a private business of his own on the property.
“After the developers went away a light bulb went on,” Chavoustie said. “With the help of conservation groups, land trusts and the Town we could probably purchase that property for a price that is literally pennies on the dollar. The company is actively trying to liquidate.”
Chavoustie said he began discussing the proposal with conservation groups and land trusts in hopes of securing funding for the project so the Town of Granby could be reimbursed for the purchase. “How do we pay for it without burdening the Town or people with taxes or a bond?” Chavoustie asked rhetorically.
Along with monies from various organizations Chavoustie said his vision for covering the purchase cost of the project includes development of the properties recreational amenities and possible fees that could be charged for activities on the property such as river access for fly-fishing. According to Chavoustie the Shorefox property occupies more than one mile of the Colorado River, includes five ponds, walking trails and water and sewer infrastructure.
Because discussions with the Granby Board of Trustees regarding the property are still being conducted in executive sessions Chavoustie could not provide the Sky-Hi News with details of the ongoing talks. When asked what the current price for the property is Chavoustie declined to provide exact figures, but did offer a rough idea. “The original development had more than $60 million dollars into the property,” Chavoustie said. “The purchase price is less than 10 percent of that.”
No formal decision has been made regarding Granby’s position on the Shorefox property.
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