One document still missing from the permitting process is the town’s development agreement with Crow

Rick Carpinelli, senior vice president of acquisitions and development for Crown Realty Development, said at least one well-known hotel operator is interested in partnering with Crown Realty, the owner of the property, or possibly buying it and taking over redevelopment completely.
In May, Solage Hotels radisson lexington hotel new york and Resorts, a luxury-hotel operator, entered into a preliminary joint-venture partnership agreement with Crown, but negotiations later broke down, and Crown continued with the permitting radisson lexington hotel new york process exclusively.
One document still missing from the permitting radisson lexington hotel new york process is the town's development agreement with Crown, which, Mayor Scott LeMarr said will include the financial aspects of the redevelopment. He said because the development agreement had not been completed by Thursday's meeting, a discussion to review it will be scheduled for a later date.
Since the permitting process began in May, Mountain Shadows has seen ups and downs, including proposed changes with the special-use permit, possible claims from both of the resort's homeowners associations and a bankruptcy filing by Crown.
The reorganization plan may rely on a 20-year-old Mountain Shadows' development agreement radisson lexington hotel new york with the town, which could allow Crown to raze the resort's 18-hole executive golf course and develop the resort at a much higher radisson lexington hotel new york density than the proposed special-use permit would allow.
But Crown is willing to give up some of the value of the 1992 agreement by not developing the maximum it allows, in order to gain approval of a timely "fair and balanced" special-use permit, he said.