Hot on the heels of news that Vail Resorts, Inc. (NYSE: MTN) is going to develop a $1B green resort named "Ever Vail," comes news that Park City’s Newpark Community has pre-qualified for LEED-ND (Neighborhood Development) certification. These ski towns are really laying it on thick–and they’re doing more than flaunting offsets. When it comes down to it, they bank on the livelihood of snow, so it’s logical to consider the business implication of climate change. Having green neighborhoods and buildings is a smart way to lighten that environmental footprint.
Newpark is a 38 acre, mixed-use development with resort town homes, a commercial and retail walkable community, and a condominium hotel (opening January 2008). With respect to its green features, LEED-ND certification requires the incorporation of smart growth, urbanism, and green building principles on a neighborhood planning and design level. Projects are evaluated based on the following three categories (1) smart location + community linkage, (2) neighborhood pattern + design, and (3) actual use of green technology in construction. A notable accomplishment at Newpark is the site development to open space ratio of 1-4.5. That’s 9 times the LEED requirement for allocation to open space. I’ve seen it and it looks to be quite the lively, little community. Via.