The Summit County Planning Commission has provided our 3 Commissioners with their recommendations for limiting the number of Short-term Rental licenses that can be issued in Unincorporated Summit County Colorado. On January 24th, the Commissioners will hear the first reading and vote on this ordinance will be Tuesday, January 24th at 1:30 pm at the Old County Courthouse in Breckenridge. The second reading and final vote will occur at a special meeting of the Board of County Commissioners on Wednesday, February 15th at 9:30 am at the Old County Courthouse in Breckenridge and via zoom.
The Planning Commission has recommended limitations by basin. These are the following recommendations as of January 4, 2023. The BOCC will be voting on the percentages shown in Green:
Of particular interest is the final column in Purple. This is the estimated year that the number of STR licenses will fall below the CAP and new licenses can be issued. That means that NO NEW SHORT TERM RENTAL LICENSES WILL BE ISSUED BEFORE 2025 IN THE Lower Blue and Upper Blue Basins and until 2030 in the Snake River and Ten Mile Basin. Keep in mind that Keystone and Copper Mountain can have 100% STR licenses because they are considered Resort areas.
While the Board of County Commissioners (BOCC) list their goals as:
- Local Workforce Housing
- Maintaining Neighborhood Character
- Reduce Conflicts
- Balance
- Clear Regulations
#1 on their list is Local Workforce Housing. Yes, this is needed, but not at the cost of our local economy. In order to have more workforce housing, prices need to come down – and that is the ultimate goal and what the ultimate results will be. We are already seeing that happen simply with the STR moratorium that has been in place since last May. Prices in Wildernest and Dillon Valley are literally plummeting with the inability for buyers to obtain a STR license.
If you are an owner in unincorporated Summit County, now is the time to voice your opinion. We will post a Zoom link on our blog for the meeting when it becomes available. You can also go to these links to voice your opinions in hopes that the BOCC will listen to us.
People – this matters! Owners of properties in unincorporated Summit County will see their property values fall – and fall quickly.
If you are opposed to this new ordinance, please sign the petition.
If you own property on Peak 7, you can sign a petition here to keep Peak 7 exempted from this ordinance.
The ordinance includes more than just these caps. To view more information on this topic, you can visit this website.