In early May, Glenwood Springs city council heard a proposal to amend current policy surrounding tourist rental units, or Short Term Rentals. The change affects the total number of STR permits that Glenwood Springs can grant.
Glenwood Springs City Council voted unanimously on May 2nd to pass an ordinance that amends current policy for Short Term Rentals or STRs. STRs are whole unit rentals available for a period of less than 30 days.
The change affects the cap on STR units in Glenwood Springs, decreasing the total possible permits the city can provide. Previously, the General Improvement District (or GID), a special tax district area of downtown Glenwood Springs, was capped at 18 percent of the total available units. The citywide cap was 5 percent and was calculated separately of the GID.
The updated policy will decrease total STR permits available by lowering the 18 percent GID cap to 15 percent and by counting units within the GID towards the citywide 5 percent cap.
Short term rentals will continue to be required to be a minimum of 250 feet apart
Ingrid Wussow, Glenwood Springs mayor, believes this won’t have a large affect on the numbers of STR permits granted in reality:
“Honestly, the changes were very subtle, so we probably won't see a significant change”
