There’s been no shortage of big sales, strategic moves, and bureaucratic action on the Aspen development chessboard lately, where, just like in chess, every move seems to affect the others. The major players of late? Mark Hunt, Aaron and Michael Brown, Bert Myrin, and Jeff Gorsuch. Here’s the skinny: Continue reading
Back on Aspen City Council’s agenda is a revamped package of incentives aimed at bolstering the city’s short-term bed base. Round 2 of the city’s lodging incentive program process began on December 1, with a public hearing that revealed a slimmed down, simplified proposal, based partially on months of public outreach after the threat of a referendum scuttled the first attempt. The council is set to vote on a resolution outlining the program on December 8, which will then trigger another round of meetings on the specific land-use code changes.
It’s become a complex and divisive issue (as many things in Aspen related to land use tend to be), so we’ve tried to simplify and clarify what’s happening — past, present, and future — as well as offer resources to learn more and get involved. Based loosely on the five W’s of telling a story, here goes: Continue reading
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On August 14, BJ Adams and Company held our sixth annual Aspen/Snowmass State of the Real Estate and Tourism Economy Symposium, the upper Roaring Fork Valley’s only event devoted to in-depth exploration of real estate and tourism trends. For those who were unable to attend, or who would like a summary of what was discussed, this post is for you. Continue reading
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The Hotel Aspen secured Aspen City Council approvals this week to redevelop and expand the lodge, adding three free-market homes to their property — but the project as approved doesn’t have the economic viability to get built.
And the long-term implications of the decision — a vote of 3-1 in favor only after the free-market component was whittled down — are not good for a lodging community with an aging stock that needs to consider how to remain viable in the long term. Continue reading