The most controversial aspect facing planners of the retirement community is whether it will be forced to build, or pay for (cash-in-lieu-of), affordable housing mitigation as required by Basalt’s land use code. The P&Z has deferred to Basalt’s Town Council for a decison which will weigh the need for valley-wide retirement facities versus continued presssure to build affordable housing.

BASALT, CO REAL ESTATE — The proposed Basalt retirement community received approval by the Basalt Planning and Zoning Commission. Aspen Valley Foundation has proposed the 148-unit project at the the former site of the Stotts Mills developement project near the Basalt High School on Basalt’s south side planned in 2006 but failed due to the recession.
By Scott Condon, Feb. 20, 2013 AT

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Planners rendering of proposed 148 unit retirement center on Basalt’s south side.