Industry News
Residents of Keystone recently came together and filed suit against the Keystone Neighborhood Company (KNC), claiming it unfairly favors Vail Resorts. The Keystone Neighborhood Company, founded in 1995, is a not-for-profit corporation registered with the Colorado Department of Regulatory Agencies, and Vail Resorts is a member of the KNC as they own land within the corporation. The residents have come together under the name ‘Dissolve KNC,’ with the suit arguing that a small piece of undeveloped land owned by Vail Resorts in the Keystone Neighborhood Company community effectively gives Vail Resorts control of the community.
The feud—which has been going on for quite some time—has a lot to do with where their taxes are going. Keystone residents pay taxes to the resort-controlled neighborhood, which funds community improvements and maintenance. When the Town of Keystone was founded in 2024, the frustration had finally become enough.
“We pay quite a bit in property taxes to Summit County and another half of that goes to the Keystone Neighbourhood Company. Shouldn’t the Town of Keystone be getting some of this revenue and providing services instead of Vail Resorts?” Maureen Barrett said in a Colorado Sun article, a Keystone homeowner and Dissolve KNC’s main organizer.
The Keystone Neighborhood Company is set up so homeowners get one vote, and business owners get one vote for every 1,000 square feet of commercial space. This system gives Vail Resorts 1,000 votes, giving it “absolute veto power over any change to the KNC,” according to the lawsuit.
The residents are asking for the Keystone Neighborhood Company to either be dissolved or reformed. The homeowners argue that since they contribute to nearly 75% the Keystone Neighborhood Company’s revenue and own 72% of the community’s parcels, it is time the Keystone Neighborhood Company is reorganized.
Keystone Resort is one of Vail Resorts’ most popular ski areas, with an estimated 1.4 million skiers visiting annually. Owning a home in Keystone is a dream for many, but as it pertains to the Keystone Neighborhood Company, not all mountain living is perfect.
*A previous version of this article contained an inaccuracy and was updated at 3:50 a.m. PST on August 30, 2025.
