“We’re not looking to make money or even break even on these units.” -VP of Human Resources Ty Hoath
Jackson Hole Mountain Resort is planning to break ground in about two weeks on three four-story buildings to house its workers. KPVI reports 30 new units of employee housing, totaling 31,000 square feet, are Phase 2 of the 2014 Powderhorn units in west Jackson, located about 20 minutes from the resort. The project will add another 90 beds to the complex. Currently it sleeps 92.
Construction is expected to take 16 to 18 months and be completed for the 2023-24 winter season. The apartment-style units will be a mix of one, two and four-bedrooms. One and two-bedroom units will be on the ground floors. This year the resort is putting employees up in 390 beds, in either temporary master leases or resort-owned housing.
With no “affordable” restrictions from the Housing Department, Jackson Hole independently determines how much employees can afford to pay to make units affordable. VP of Human Resources Ty Hoath said each employee pays under the affordability standard from the federal government, or 30% of gross income.
images from jacksonhole FB