Aspen, Colo. (AP) A sweeping development in Aspen including two new hotels, a new lift and affordable housing may not be possible because of finances.
A consultant tells Aspen's Lift One Task Force that the development is 25 to 35 percent short of the financing developers would need to proceed. The task force of hotel executives, city officials and residents was assembled after city leaders rejected
separate plans for a new hotel last year.
Financial consultant Byron Koste says the outlook for a new aspen development is grim. As planned, the development would include six buildings, comprising two large hotels, an acre of underground parking, affordable housing and a new Poma lift ascending the hillside.
The development would be at the base of Lift 1a.
KKCO firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKCO 11News.powered by Disqus
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.