Approval process begins with Basalt Town Council reviewing plans to build 75 individual residences, 20 assisted-living units and a small nursing home.

ASPEN AND BASALT REAL ESTATE – Wiith 18 acres under contract in Basalt, the Aspen Valley Medical Foundation will make a preliminary appearance before the Basalt Town Council on Tuesday to discuss plans for a continuing-care retirement community at the site. The foundation is in the middle of a 90-day due-diligence period in its effort to secure the Stott’s Mill property, according to Kris Marsh, foundation president and CEO. She would not disclose the price for the property, located off Southside Drive, near Basalt High School. … The foundation has a couple of questions to pose to the council, Marsh said. It wants to know how council members feel, conceptually, about the project in the proposed location, and if the council will allow the foundation to file a development application as a nonprofit, allowing an abbreviated review process.
By Janet Urquhart, Jan 8, 2012, AT

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