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Town of Vail spending big on economic recovery efforts

Town looking at spending abut $845,000 on tents to expand restaurants' winter dining areas.

VAIL, Colo — The town of Vail has been using its reserves to help local businesses and residents.

The Vail Town Council on Tuesday heard an update about those efforts, including a $1 million commercial rent relief program.

That program is a three-way partnership between landlords, small businesses and the town, with each of those parties covering one-third of a shop’s rent. The town will help individual businesses with a maximum of $15,000. The program is aimed to help with rent until Nov. 30.

For far, the town has received 10 applications for August rent relief, with another 12 pending. The average August relief request is $1,800 per business.

So far in September, the town has received 17 applications for aid, with another 20 pending.

Read the full article at the Vail Daily. 

>>Watch video above: Vail Resorts moving to reservation system this ski season.