Teton County commissioners narrowly approved a new way for Grand Targhee Resort to offset its environmental impacts, allowing the resort to reduce its obligation for conserving land in exchange for paying into a creek restoration project.
The compromise that commissioners approved last week on a 3-2 vote will require Targhee to contribute $100,000 up front to the Teton Creek Corridor Project. In addition, Targhee will need to conserve 300 acres within Teton County, Wyoming, in Alta, with the help of a 2 percent fee on initial sales of units at the resort, and to levy another 1 percent fee on all lot resales to go toward the creek project.
The requirements will be phased in as Targhee rolls out development of its 450 allowed units, with obligations to report progress to Teton County.