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Killington Forward Financial Snapshot Dec 2023

Killington Forward Initiative

CURRENT STATUS:

Work is underway for the water transmission line, storage tank, well house and pumping facilities. The areas of work include: East Mountain Rd just east of Highridge condominiums toward Bear Mountain; towards skiers right of Snowshed trail for the water storage tank; and off Route 4 about 300 yards from Turn of River Lodge for the Water Pump House.

 

Killington Road is now closed from Route 4 to Anthony Way, as Markowski Excavating reconstructs the road. Traffic is detoured to Killington Rd via West Hill Rd. The US 4 shoulder is also closed between Killington Road and Old Route 4 to use as a haul road for the excavated materials. All work in this section is to be completed by mid-July 2024.

 

All Killington Road businesses are accessible during this time.

 

What: 

Killington Forward is a comprehensive plan to develop:

  • Municipal water infrastructure 
  • Newly designed & rebuilt Killington Road with significant enhancements
  • Workforce housing
  • Six Peaks Ski Village

Why:
Current and future businesses, properties, and schools along Killington Road need access to safe and reliable water to provide services, retail, and hospitality to residents and visitors alike, most especially Killington Mountain School and the Killington Elementary School. They currently shoulder significant costs to ensure the safety of their water.

Killington Road needs to be reconstructed to address safety concerns and to accommodate multiple modes of transportation. A reconstructed Killington Road will include a multi use path, sidewalks, and bus pullouts, pedestrian crosswalks, intersection improvements, lighting and landscaping improvements and the reconstruction of the lower portion of the roadway to eliminate the unsafe grade.

For a thriving town, Killington relies on a local workforce to support business, services, the school, and resort. The opportunity to build workforce and affordable housing depends on water infrastructure. 

Six Peaks Killington, the proposed village, will host 1,500 residences, creating a community centerpiece conveniently located along the road that winds along the resort’s main ski lifts. Its success relies on the development of a water system and the reconstruction of Killington Road  that will help improve the operations and safety for all users.


How: 
This initiative is being paid for through TIF, ARPA, the State Revolving Fund, a Catalyst Grant, a Community Recovery & Revitalization Program grant, and USDA Rural Development financing. Phase 1 has been approved by voters and is under construction, to be completed by 2026. Future phases will require review and approval by the Selectboard, Vermont Economic Progress Council, and the voters.

Additional federal grants reserved for safe water will also contribute to the overall cost of the project.

 


When:

  • June 30, 2022: Final determination on Killington TIF is approved
  • Summer-Fall 2022: Finalize development agreements, advance design for water/road infrastructure, water funding secured
  • Fall 2022: Submit first VEPC phased filing
  • March 7, 2023: Bond vote for Phase 1 passes 
  • Fall 2023: Phase 1 groundbreaking

Who:

In a 3:1 decision, Killington voters pass Article 5 on March 7, 2023