Here's the skinny:
Talk to the condo about the number of vehicle passes they will give you. You might be able to get a couple (obviously at least one) pass to get into town and to park.
If you are unable to get additional passes, we offer free festival parking in various lots in and around Telluride. We have some lots in town, but the majority of our parking is up in Mountain Village (there's just not a lot of room in the teeny tiny town). Where you park is completely relative to when you arrive, and how many people/cars have arrived before you.
"Town Park passes" you guys are talking about are not what you are looking for. You need "barricade passes" in order to have access to long term jaunts beyond the barricade into town. Without them, your car will be towed.
Does that help?
When you arrive in Telluride show your Condo reservation conf. letter to pass the baracade, they will grant a temp. pass.
Check in and get your pass, unload and go get yer buddies car(don't forget your parking pass),,, unload, repeat,,,,,last load everyone drives to the TBF free parking but 1 car for condo parking.