Construction Expert On Aspen Village Project

The owners of Aspen Skiing Co. bid October 5th on the stalled Base Village project.  A construction expert estimated a cost of over $218 million to finish the work on the section of the project that Related Cos. of New York started. Related defaulted in 2009 on the $520 million acquisition and construction loan.

The Aspen Times reports that condos in Snowmass are selling in 2011 for about $650 a square foot. Related had planned to sell $407 million worth of condos in Base Village at an average price of about $1,400 per square foot in 2007.

About Karen Olson

Information Professional with twenty years experience in legal, public record, and business research. Fifteen years law firm experience.

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