ASPEN REAL ESTATE – BASALT – One of first major development projects to earn approval since the recession slammed the Roaring Fork Valley cleared a final hurdle in Basalt on Tuesday night.The Town Council voted 5-0 to grant a “second reading” of final approval for the 110-home Stott’s Mill project.The project site is along South Side Drive, the route to Basalt High School. The application was in the “preapplication” process with town staff or under review for about five years, according to Briston Peterson, a partner in MSP 1 Development Group, which will build the project. He once complained that Basalt’s review process was more like a moratorium.Despite some intense debates, the project ultimately won approval from the council because it adds a considerable amount of affordable housing to town.
By Scott Condon, Jan. 14, 2010 Aspen Times

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