WSN QUICK FACTS
450 Total, 35% Deed Restricted
(estimated 25 homes per year for 16 years)
2 Acres Yampa Valley Housing Authority,
10 Acres Steamboat Springs School District,
$20 Million in Contributions
85 Acres, Open Space = 3 Acres, Parks
Traditional Neighborhood Development
Standard Fees, Plus $4.6 Million to Water Firming Fund
$3.5 Million to Transportation Firming Fund
Primary-US40 @ Slate Creek Road
$610,000 Towards New Equipment
WSN WILL PROVIDE NEW INVENTORY OF HOMES FOR LOCALS.
- 108 deed-restricted homes:
- Will be available for purchase by people working 30+ hours a week in Routt County;
- Appreciation cap to ensure future affordability;
- Short-term rentals prohibited (to keep things mellow particularly during Christmas, President’s weekend and Spring Break);
- Sold through a lottery, overseen by the Yampa Valley Housing Authority;
- Homes will be available across a variety of prices and types – single family, duplex and townhomes; and
- Target prices for households making between $69,360 to $130,500 annually (based on a 4-person household).
- 2 acres of land contributed to the Yampa Valley Housing Authority for up to 50 units, such as rental units for lower income households. (The YVHA Board will determine the exact product when they are ready to develop the property.)
- There is incentive to develop the deed restricted homes within the first 10 years to secure entitlements for another 10 years.
WSN IS SUSTAINABLE.
- As a traditional neighborhood development, WSN promotes sustainable growth, decreased auto-dependency, and high quality of life. All homes in WSN will be certified Energy Star®, resulting in 20-30% more efficient than standard homes.
- 85 acres (44% of WSN) will be dedicated to parks or open space, along with several miles of trails, all which will be open to the public to enjoy.
- The Slate Creek riparian corridor is to be preserved as an undisturbed greenway for wildlife habitat and passive recreation or educational opportunities.
WSN PAYS ITS’ OWN WAY, TO CITY FUNDS AND INFRASTRUCTURE.
- WSN will be revenue neutral; revenues collected will be equal to budgeted costs to provide police and fire protection, emergency response, street maintenance, miscellaneous costs, and administrative overhead.
- WSN will contribute cash, land and improvements worth over $20,000,000, which will be of significant value in maintaining City water, sewer, public works, transportation and educational services and infrastructure.
- WSN will contribute $4,672,000 to fund efforts to address the critical water redundancy problem, and, through water tap fees, contribute an additional $2,190,000 toward the water system.
- WSN will contribute $3,504,000 to mitigate Highway 40 traffic impacts.
- WSN will contribute $610,000 for the purchase of new snow removal equipment.
- WSN will pay for all on-site infrastructure and “front door” improvements.
- WSN will contribute 10 acres to the Steamboat Springs School District which will be available to District for a potential elementary school.
WSN IS COMMITTED TO LOCAL CONTRACTORS.
- You can’t build a locals’ neighborhood using out of town contractors and subcontractors. It works best if it is all local. This is exactly how we have operated in Summit County for the last 20 years.
- WSN will be looking to combine Brynn Grey’s systems, accounting and procurement expertise with a small, successful local contractors’ local presence and local subcontractors’ relationships to build a high quality home at an exceptionally competitive price.
Want more facts? See the CITY’S INFO SHEET for more on water, sewer, zoning, buildout rate, transit, secondary units, and more.