A new development in a floodplain
With the shrinking amount of available private land in Summit County, developers are looking at unconventional areas. Silverthorne town council gave its initial approval to Silver Trout Estates, which is a proposed development on 12 acres between the private fishing lake in Eagle’s Nest and the Blue River in Silverthorne. It would be made up of 14 duplexes and a triplet, marketed to second-home owners, and priced beginning in the $900,000. The high price comes because there isn’t much riverfront property left in Silverthorne. The land is located in the 100-year floodplain, so builders will have to fill in the area with at least one foot of dirt. Even so, if the 100-year flood occurred, the homes would see water. There’s a 1% chance a flood will happen in any given year. Now the Federal Emergency Management Agency needs to approve the plan, and developers need to show impacts on the surrounding wetland.
