The first draft proposes restaurants, hotel, shops, offices and classrooms in Basalt…The redevelopment plans hinge on finding a place to build replacement housing for those being displaced from the 37 trailers and one manufactured home on the property.

BASALT REAL ESTATE — A trailer park near the heart of Basalt could be redeveloped with about 112,000 square feet of buildings that include a hotel, retail shops, offices for businesses and nonprofit groups, and classrooms, according to a land-use proposal submitted to the town government. The Roaring Fork Community Development Corp., a nonprofit organization, purchased the Pan and Fork Mobile Home Park last year and sold half of the property to the town…A big part of the project, McVoy said, is communal meeting space for the hotel, the college and two nonprofits that aim to build on adjacent land — the Roaring Fork Conservancy and the Rocky Mountain Institute. The organization will tackle the redevelopment on its 2.32 acres closest to Two River Road. The town will convert its slightly larger site into a park on the banks of the Roaring Fork River.
By Scott Condon, April, 6 2012 AT

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Area in which redevelopment plans are focused in downtown Basalt, at SE corner of Midland Ave. and Two Rivers Rd.