diff --git a/Dockerfile-dev b/Dockerfile-dev
index a95cc130..47dfd0c6 100644
--- a/Dockerfile-dev
+++ b/Dockerfile-dev
@@ -23,4 +23,8 @@
 #
 FROM quantopian/zipline
 
-RUN cd /zipline && pip install -r etc/requirements_dev.txt -r etc/requirements_blaze.txt
+WORKDIR /zipline
+
+RUN pip install -r etc/requirements_dev.txt -r etc/requirements_blaze.txt
+# Clean out any cython assets. The pip install re-builds them.
+RUN find . -type f -name '*.c' -exec rm {} + && pip install -e .[all]
diff --git a/Vagrantfile b/Vagrantfile
index cea3af95..b1f9671f 100644
--- a/Vagrantfile
+++ b/Vagrantfile
@@ -2,8 +2,7 @@
 # vi: set ft=ruby :
 
 Vagrant.configure("2") do |config|
-  config.vm.box = "precise64"
-  config.vm.box_url = "http://files.vagrantup.com/precise64.box"
+  config.vm.box = "ubuntu/trusty64"
   config.vm.provider :virtualbox do |vb|
     vb.customize ["modifyvm", :id, "--memory", 2048, "--cpus", 2]
   end
diff --git a/docs/source/whatsnew/1.0.2.txt b/docs/source/whatsnew/1.0.2.txt
index f88bf8c8..46e609c6 100644
--- a/docs/source/whatsnew/1.0.2.txt
+++ b/docs/source/whatsnew/1.0.2.txt
@@ -12,6 +12,9 @@ Enhancements
   must search for when querying data. The checkpoints should have novel deltas
   applied (:issue:`1276`).
 
+- Updated VagrantFile to include all dev requirements and use a newer image
+  (:issue:`1310`).
+
 Bug Fixes
 ~~~~~~~~~
 
diff --git a/vagrant_init.sh b/vagrant_init.sh
index e92983b2..e2ca39ce 100644
--- a/vagrant_init.sh
+++ b/vagrant_init.sh
@@ -10,6 +10,7 @@
 # from the root of the zipline github checkout.
 # This will put the zipline code in the
 # /vagrant folder in the system.
+set -e
 
 VAGRANT_LOG="/home/vagrant/vagrant.log"
 
@@ -18,33 +19,35 @@ VAGRANT_LOG="/home/vagrant/vagrant.log"
 # (grub-pc will complain that your boot device changed, probably
 #  due to something that vagrant did, and break your console)
 
-echo "Obstructing updates to grub-pc..."
-apt-mark hold grub-pc 2>&1 >> "$VAGRANT_LOG"
+echo "Obstructing updates to grub-pc..." | tee -a "$VAGRANT_LOG"
+apt-mark hold grub-pc 2>&1 | tee -a "$VAGRANT_LOG"
 
-# Run a full apt-get update first.
-echo "Updating apt-get caches..."
-apt-get -y update 2>&1 >> "$VAGRANT_LOG"
+echo "Adding python apt repo..." | tee -a "$VAGRANT_LOG"
+apt-add-repository -y ppa:fkrull/deadsnakes-python2.7 2>&1 | tee -a "$VAGRANT_LOG"
+echo "Updating apt-get caches..." | tee -a "$VAGRANT_LOG"
+apt-get -y update 2>&1 | tee -a "$VAGRANT_LOG"
 
-# Install required packages
-echo "Installing required packages..."
-apt-get -y install python-pip python-dev g++ make libfreetype6-dev libpng-dev libopenblas-dev liblapack-dev gfortran 2>&1 >> "$VAGRANT_LOG"
+echo "Installing required system packages..." | tee -a "$VAGRANT_LOG"
+apt-get -y install python2.7 python-dev g++ make libfreetype6-dev libpng-dev libopenblas-dev liblapack-dev gfortran pkg-config git 2>&1 | tee -a "$VAGRANT_LOG"
 
-# Add ta-lib
-echo "Installing ta-lib integration..."
-wget http://switch.dl.sourceforge.net/project/ta-lib/ta-lib/0.4.0/ta-lib-0.4.0-src.tar.gz 2>&1 "$VAGRANT_LOG"
-tar -xvzf ta-lib-0.4.0-src.tar.gz 2>&1 >> "$VAGRANT_LOG"
+echo "Installing ta-lib..." | tee -a "$VAGRANT_LOG"
+wget http://prdownloads.sourceforge.net/ta-lib/ta-lib-0.4.0-src.tar.gz --no-verbose -a "$VAGRANT_LOG"
+tar -xvzf ta-lib-0.4.0-src.tar.gz 2>&1 | tee -a "$VAGRANT_LOG"
 cd ta-lib/
-./configure --prefix=/usr 2>&1 >> "$VAGRANT_LOG"
-make 2>&1 >> "$VAGRANT_LOG"
-sudo make install 2>&1 >> "$VAGRANT_LOG"
+./configure --prefix=/usr 2>&1 | tee -a "$VAGRANT_LOG"
+make 2>&1 | tee -a "$VAGRANT_LOG"
+sudo make install 2>&1 | tee -a "$VAGRANT_LOG"
 cd ../
 
-# Add Zipline python dependencies
-echo "Installing python package dependencies..."
-/vagrant/etc/ordered_pip.sh /vagrant/etc/requirements.txt 2>&1 >> "$VAGRANT_LOG"
-# Add scipy next (if it's not done now, breaks installing of statsmodels for some reason ??)
-echo "Installing scipy..."
-pip install scipy==0.12.0 2>&1 >> "$VAGRANT_LOG"
-echo "Installing zipline dev python dependencies..."
-pip install --exists-action w -r /vagrant/etc/requirements_dev.txt 2>&1 >> "$VAGRANT_LOG"
-echo "Finished!"
+echo "Installing pip and setuptools..." | tee -a "$VAGRANT_LOG"
+wget https://bootstrap.pypa.io/get-pip.py 2>&1 | tee -a "$VAGRANT_LOG"
+python get-pip.py 2>&1 >> "$VAGRANT_LOG" | tee -a "$VAGRANT_LOG"
+echo "Installing zipline python dependencies..." | tee -a "$VAGRANT_LOG"
+/vagrant/etc/ordered_pip.sh /vagrant/etc/requirements.txt 2>&1 | tee -a "$VAGRANT_LOG"
+echo "Installing zipline extra python dependencies..." | tee -a "$VAGRANT_LOG"
+pip install -r /vagrant/etc/requirements_dev.txt -r /vagrant/etc/requirements_blaze.txt 2>&1 | tee -a "$VAGRANT_LOG"
+echo "Installing zipline package itself..." | tee -a "$VAGRANT_LOG"
+# Clean out any cython assets. The pip install re-builds them.
+find /vagrant/ -type f -name '*.c' -exec rm {} +
+pip install -e /vagrant[all] 2>&1 | tee -a "$VAGRANT_LOG"
+echo "Finished!  zipline repo is in '/vagrant'." | tee -a "$VAGRANT_LOG"