Joint boards to decide whether to keep Pennrose on Virginian Lane
On July 14, the Teton County Commission and Jackson Town Council will take a make-or-break vote on whether to proceed with Pennrose on the 90 Virginian Lane workforce housing plan or end negotiations and punt the site’s future to 2027.
The Teton County Board of County Commissioners and the Jackson Town Council are set to vote July 14 on whether to keep negotiating with Pennrose to build the 90 Virginian Lane affordable workforce housing development, or terminate talks and wait until 2027 to choose a different path for the site joint meeting packet.
Staff are expected to present two options: proceed with Pennrose on a 221-home plan (70% rentals, 30% ownership), or end negotiations and consider alternatives next year, including selling the property or restarting a developer selection process. Staff recommend moving forward, pegging total public investment at $45 million (about $203,620 per home) and citing the project’s ability to leverage more than $100 million in private funding joint meeting packet.
Background
The Virginian Lane Workforce Housing project proposes 221 deed-restricted homes in Jackson, with $45M public funding and $100M+ private investment, targeting a 2026 groundbreaking and 2028 completion.
Latest: 2028 — Expected availability of Phase 1 homes for local workforce.
curated as of 2026-07-11
On July 14, 2026, the Jackson Town Council rejected and Teton County paused action on the 90 Virginian Lane housing project with Pennrose; no final approval was given.
Latest: 2026-07-14 — Jackson Town Council voted 1-4 against proceeding with Pennrose; Teton County voted 5-0 to pause project documents and 3-2 to seek a white paper on impact investing. No final approval granted.
curated as of 2026-07-11
The Virginian housing plan was paused in 2026 after major public investment, leaving over $28 million in sunk costs and delaying affordable housing in Teton County.
Latest: 2026-06 — Town Council failed to support moving forward; County voted to pause project until at least June 30, 2026.
curated as of 2026-08-05
Source Documents
| Date | Title | Type |
|---|---|---|
| July 14, 2026 | Board of County Commissioners Special Joint Meeting Agenda | agenda |
| July 14, 2026 | 90 Virginian Lane Affordable Workforce Housing Development Agenda Packet | packet |