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 and to demo the remaining buildings which will cost an estimated $100,000.
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: Two 50-80% MFI, Two 80-120% MFI, 26 Workforce
Public investment per unit: $73,333
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.
Crews began grading a new access point on the northwest side of the property November 2, 2020 and will complete building demolition and tree removal by the end of 2020.