This partnership with Mercill Partners will result in 30 ownership units - 20 one-bedroom homes and 10 two-bedroom homes - for households working in Teton County. Teton County is providing the land for this development, which is valued at $2,100,000 and Teton County has owned since the early 1980’s. Teton County is also paying to move the existing historic structures for the Jackson Hole Historical Society and Musuem ($65,000) and to demo the remaining buildings ($65,000) which will cost an estimated $130,000 total.
In February 2021, the Board of County Commissioners voted to exercise their option to purchase the 6,800 square feet of commercial space in the building for $800/square foot. They have discussed using this space for early childhood education purposes, which is another financial burden for working families in the valley.
Groundbreaking: Spring 2021
Anticipated Completion: December 2022
Total Units: 30 ownership homes, 20 one-bedroom, 10 two-bedroom. Includes five revolving employee rights of first purchase.
Affordability: Workforce Restrictions
Public investment per unit: $74,333
The historic cabins were removed from the property and placed on Town property while the Jackson Hole Historical Society & Museum works to ready their new site on the Genevieve Block. The Town of Jackson is providing this storage space for free.
Demolition on the site is complete and only one historic structure remains and will be moved to a private residence in late March 2021.
Lower Valley Energy will begin site work in early April 2021 with an official groundbreaking expected to occur after that.