CMC sells Vail property on eBay
Colorado Mountain College is putting its Cascade Village campus in Vail up for sale on eBay and will build a new Eagle County campus in Edwards.
According to a news release on the sale, listing the campus on the Internet auction site will enable the college to reach a broad audience of potential buyers for a low cost. And college officials hope the online auction could be a more profitable way of selling it.
The 15,000-square-foot campus is just 600 feet from a chairlift that connects Cascade Village with the Lionshead section of Vail Mountain.
The building, one of 13 Colorado Mountain College locations across western Colorado, has been used for college classes for the last 20 years and can be occupied by its new owner when the new 30,000-square-foot Edwards campus opens in August 2004.
The starting price for the campus, which consists of four large commercial condo units connected to a movie theater, restaurant, art gallery and eight residential condominiums, is $3.5 million. But purchasing the building from a public college brings an unusual twist to potential buyers, which will increase the building’s value.
Because Colorado Mountain College is a community college district, any amount paid over the base $3.5 million will go to the nonprofit College Mountain College Foundation, which helps needy students with scholarships. The money paid over the base would also be tax-deductible.
Aside from the campus, other occupants in the Cascade Village include the Vail Cascade Club Athletic Facility, Vail Cascade Resort, Cornerstone Plaza, Liftside Condominiums, Mill Race Condominiums and Coldstream Condominiums.
Colorado Mountain College also has sites in Steamboat Springs, Leadville, Glenwood Springs, Spring Valley, Rifle, Aspen, Breckenridge, Carbondale, Eagle, Dillon and Buena Vista.
The campus is listed on eBay under Real Estate/Commercial.
Further information, ski trail maps and pictures can be found on http://email@example.com.
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