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BROOMFIELD, CO-As earlier reported by GlobeSt.com, Vail Resorts plans to move its corporate office from the Western Slope to the 10-story, 390 Interlocken Crescent building in the Interlocken Business Park between Boulder and Denver. While the 46,000-sf lease ultimately is expected to save the ski resort giant money, it revealed in a Securities and Exchange Commission document released on Friday afternoon that it also anticipates some upfront costs.

“The company currently expects that the total charges associated with the relocation that will result in future cash expenditures will be approximately $3.6 million to $4.5 million,” Vail Resort execs say in an 8-K filing with the SEC.

The costs include severance and retention debts of $900,000 to $1.5 million and charges for relocation and contract terminations of $2.1 million to $3.6 million. The balance may also “include reimbursement of reasonable expenses associated with the sale and purchase,” of some executives and employees homes, reimbursement for moving and storage services of household goods, a lump-sum relocation allowance for miscellaneous expenses and “an amount to address the employees’ tax liability associated with the plan components,” the report states.

The amount does not reflect any of the anticipated benefits expected to be realized from the relocation and consolidation of offices, company execs note in the 8-K. Those items will be recorded, except for accelerated depreciation charges on their office space, as a separate line item included in income from operations.

Experts tell GlobeSt.com that the 10-year lease is valued at about $10.6 million. That is estimated to be far less than the cost of office space in the Vail area, which has some of the most expensive real estate in the country. Also, it will be easier to recruit employees in Broomfield, where housing costs are lower and there is easier access to the Denver International Airport, notes David Hart, who is handling the lease agreement with fellow Trammel Crow broker Chris Phenicie. Vail Resorts will be occupying the top floor of 390 Interlocken, as well as portions of the ninth and first floors.

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