Vail Resorts Outlines Specific 'Green' Measures for $1 Billion Ever Vail Development

    BROOMFIELD, Colo., Sept. 20 /PRNewswire-FirstCall/ -- Vail Resorts,
 Inc. has announced more detailed plans for making the $1 billion Ever Vail
 the largest LEED-certified, multi-use resort development project in the
 nation.
     "The mission of Vail Resorts is to provide exceptional experiences at
 our extraordinary resorts," said Rob Katz, chief executive officer of Vail
 Resorts. "What we are announcing with the Ever Vail development is
 completely aligned with two of our most important stakeholders -- the
 spectacular natural environment that serves as the backdrop of Vail
 Mountain and the local community in which we operate."
     Vail Resorts is now several steps closer to making the 9.5-acre Ever
 Vail project at the base of Vail Mountain a reality. This past June, Ever
 Vail was accepted into the pilot program for LEED's new "Neighborhood
 Development" certification program, putting it on the path to becoming the
 largest LEED-certified project for resort use in the U.S. In addition, Vail
 Resorts has clarified a number of aspects of the project, which will be
 presented to the Town of Vail staff as part of its approval process. After
 conducting extensive research and consulting with various green building
 sources, the Company plans to undertake the following innovative
 eco-sensitive measures to ensure that the project can be an icon for the
 town and a source of pride for the entire Vail Valley community.
     -- Use only woods certified by the Forest Stewardship Council and local
        area beetle-kill Lodgepole pine trees in building construction. A Vail
        Valley company is currently working with the U.S. Forest Service to
        establish a procedure for reclaiming the dying trees to be used in the
        project. Wherever possible, the Company will purchase and incorporate
        local and regional "green" materials for construction.
     -- Incorporate a geothermal process (ground source heat pumps) to harness
        energy that would be used for snowmelt. Coils of durable material are
        embedded deep into the earth below. A fluid within the coil collects
        heat from the earth and distributes it through surface streets and
        sidewalks to melt the snow.
     -- Install small hydro micro-turbines in Gore Creek to power the outdoor
        streetscape lighting in public areas.
     -- Preserve and enhance existing wetlands and Red Sandstone Creek through
        a new storm water runoff management system.
     -- Include significant affordable housing on-site (see below), helping to
        meet many of the diversity requirements of the LEED program.
     -- Use reclaimed water from snowmelt for use as "gray water" in the
        toilets, rather than using potable water. Create a "closed-loop" gray
        water system for washing all mountain operations vehicles, such as
        snowcats and snowmobiles at the site of the new mountain operations
        maintenance yard. Finally, use a large amount of reclaimed water from
        the snowmelt system to augment flows in Red Sandstone Creek.
     -- Orient all buildings to maximize the natural light, thereby creating
        greater energy efficiency.
     -- Incorporate green, living roofs on several of the buildings within the
        project. A "green" roof is a system in which natural materials such as
        soil and indigenous grasses cover the roof structure to help reduce
        solar heat accumulation and storm water runoff.
     -- Implement an erosion control program so as to mitigate any potential
        erosion during construction.
     -- Establish a "flex car" program to minimize vehicle emissions on the
        I-70 corridor between Denver International Airport and Vail. Vail
        Resorts would provide a fleet of cars for owners of properties in Ever
        Vail to use while in town, thereby reducing the total number of cars
        in the valley and encouraging owners to use shuttle service and public
        transportation to and from the valley.
     Ever Vail is located on a true "Brownfield" site at the base of Vail
 Mountain, currently known as West LionsHead, and will consist of over one
 million square feet of mixed-use space including residences, a hotel,
 offices, retail shops and restaurants, mountain operations facilities, a
 public parking garage, a new gondola and related skier portal and a public
 park. The LEED for Neighborhood Development rating system, established
 February 2007, integrates the principles of smart growth, urbanism and
 green building into the first national standard for neighborhood design.
     "Our announcement today is just the beginning of many more to come
 about our efforts to make sure Ever Vail is on the cutting edge of green
 building," said Katz. "We hope it will become a symbol of our intrinsic
 relationship with the spectacular mountain environment in which we
 operate."
     As an important piece in creating a vibrant, year-round community in
 Ever Vail, Vail Resorts is proposing to include 123 beds within the project
 in what will likely be the most desirable affordable, deed-restricted
 housing available for purchase in the Vail Valley. The studio, one- and
 two-bedroom units will range in size from approximately 900 to 1,600 square
 feet and will be designed to attract singles, couples and families
 interested in living in a sustainable, pedestrian-friendly community with a
 mix of retail, restaurants and public amenities all within walking distance
 at the base of Vail Mountain. "We believe this is the most significant
 on-site affordable housing commitment ever proposed for a real estate
 project in Vail," said Katz. "In addition to the affordable housing, our
 decision to include over 50 percent of our employee housing requirement on
 site is the right decision for both Ever Vail and the community."
     The Company's initiatives and plans expressed today are subject to
 receipt of all required government approvals and finalization of necessary
 agreements. Visit http://www.evervail.com for more information.
     About Vail Resorts
     Vail Resorts, Inc. is the leading mountain resort operator in the
 United States. The Company's subsidiaries operate the mountain resorts of
 Vail, Beaver Creek, Breckenridge and Keystone in Colorado, Heavenly in
 California and Nevada, and the Grand Teton Lodge Company in Jackson Hole,
 Wyo. The Company's subsidiary, RockResorts, a luxury resort hotel company,
 manages casually elegant properties across the United States. Vail Resorts
 Development Company is the real estate planning, development and
 construction subsidiary of Vail Resorts, Inc. Vail Resorts is a publicly
 held company traded on the New York Stock Exchange (NYSE:   MTN). The Vail
 Resorts company website is http://www.vailresorts.com and consumer website
 is http://www.snow.com.
 
 

SOURCE Vail Resorts, Inc.

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