Industry watchers say tight credit will mean limits. The cost and the pace of construction in Aspen and the Roaring Fork Valley are poised for major changes, even when the recession ends, observers say.In recent months, tightening credit markets have stalled many projects, particularly the so-called luxury spec homes built by developers, said Ryan Grobler, owner of Carbondale-based Oracle Building Group. “The whole valley has been hammered,” Grobler said. “If you look at any projects up and down the valley, the foundation is poured and they’ve stopped.”
By Katie Redding, April 1,2009, Aspen Times

Link to article