There was a big article in the Vail Daily about it yesterday, with a lot more info than the 9News story. First, it would be a private ski area. Second, the town of Minturn is concerned because of a lot of unsolved issues. For example, I guess Minturn lost a lot of water rights recently to Vail and VR. Minturn also has a commissioner elected on a platform of no-growth (although a quote from the commissioner seemed to refute that point.) There's no plan to deal with extra traffic, etc. Someone can probably find the Vail Daily article and post it here.
All in all, I'd say this is going to be a tough one to swallow. Though a private area probably has a better chance than a large commercial operation. How would VR feel about a new area sitting right between their two high-end resorts? I doubt they'd be thrilled with the idea. VR has enormous pull in Eagle County.