Papers are signed, deal is done: Sun Communities officially acquires former Shorefox property to create massive luxury RV park
Granby’s long negotiations with Sun Communities for a future RV park development were made official after the necessary legal documents were signed Thursday, concluding a two-year process that started with the purchase of the Shorefox property in spring 2016.
“It is tremendously exciting and rewarding to see this vision realized,” Granby Mayor Paul Chavoustie told Sky-Hi News. “This was a leap of faith. We calculated a lot. But it is wonderful to see it all come together and I truly believe it is in the best interests of the community.”
Sun Communities is now the official owner of roughly 300 acres of land on the Shorefox property. The final closing date of the sale was May 24.
Construction on River Run Ranch is slated to begin this summer at the property, located near the northwest corner of the intersection of Highways 34 and 40 in Granby.
The town purchased the original 1,500-acre Shorefox property for $4.5 million in 2016 and has sold the 300-acre segment to Sun Communities for a total of $5.25 million. According to town officials, Sun Communities plans to spend somewhere between $50 and $80 million on the future RV park, called River Run Ranch.
The final approval granted by the town of Granby, about a month ago, included a series of nine agreements between Sun Communities and the town regarding the future development. Those agreements covered a host of topics ranging from a purchase agreement for a future tubing hill to a tax shareback agreement for sales and use taxes accrued from the property.
“We look forward to a great project,” said Tom O’Branovic, Sun Communities executive vice president of RV resorts, after the board approved the final agreement.
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