Carbonate Street Development

UPDATE (July 25, 2023) - The Carbonate Street Apartment Major Site Plan was unanimously approved via public hearing at the Planning & Zoning Commission meeting on Wednesday, July 19th!

The Board of Trustees will consider approving the deed restrictions that control affordability, and the Development Agreement with Fading West at their meeting on July 25th, 2023. More information is available in the Board packet here.

Background

After many years of consideration and discussion, the Buena Vista Board of Trustees has approved these two parcels of land for development for attainable and workforce housing. Your government however, will not get into the business of being a developer or a landlord. Instead, this will be public private partnership in which the Town contributes the land, and a private-sector developer builds and manages the buildings.

Join in the conversation by scrolling down and using one of the fun tools!

Don't worry! We're not giving away the land without any strings attached - the developer (and any future property owners) will be legally obligated to provide housing that meets the community's needs at prices that target local employees who serve our community.

In addition to housing, current concepts for the use of this land include building childcare space as well as commercial space that would support the start-up and support for local entrepreneurs. Neither of these concepts would be owned or run by the Town. Instead, Town will work closely with the Chaffee County Early Childhood Council, Chaffee County Economic Development Corporation, and the Central Mountain Small Business Development Center to design the spaces and find and cultivate the operators.