Tram Towers Phase 2 would consume Teton Village’s last 24 APOs

The Teton County Planning Commission is being asked Monday to sign off on a Tram Towers Townhomes Phase 2 sketch plan that would effectively cash in the last remaining Average Peak Occupancy (APO) allocations available for short term rentals in the residential portion of Teton Village Area I. Staff says a prior zoning compliance verification, ZCV2023-0012, confirmed there are 24 unused APOs left in that pool, and that this six unit development would use all 24, four per unit under the resort PUD standards. See the Planning Commission Packet, Tram Towers Townhomes Phase 2.

That number matters because APOs are the master plan’s way of rationing visitor lodging intensity, including which residential units can legally operate as short term rentals. Staff notes that after this project there would be no more unallocated APOs in the residential portion of Teton Village Area I, and that aside from this Phase 2 site there are no other undeveloped parcels where those last 24 could realistically be developed. The procedural tell for Monday is whether commissioners treat that as a routine bookkeeping consequence of an old allocation, or as a policy moment worth pressing on before the development moves into its next, largely administrative review stage.