Nothing will happen if the developer cannot successfully build 38 affordable-housing residences to replace the 38 trailers on the site. Town code requires replacing the housing. Nothing in the code says the replacement housing has to be for the current occupants of the units that are being scraped.
BASALT REAL ESTATE — A representative of a nonprofit organization that plans to redevelop a Basalt trailer park told the Town Council this week that his firm isn’t playing the usual games that developers play. Roaring Fork Community Development Corp. President Michael McVoy claimed that the land-use proposal asks only for what the nonprofit developer needs to make the project financially viable. It didn’t ask for more in anticipation of the Town Council approving less, which is often the case with developments, he said. “We are going to give you exactly what we hope to see happen,” he said….All told, the draft proposal is for 112,000 square feet of retail, office, residential and hotel space on 2.32 acres of land. Ground-floor retail shops are anticipated at the intersection of Two Rivers Road and Midland Avenue. The shops would be topped with offices and residences. Some of the offices are envisioned as home for nonprofit organizations.A space of about 15,000 square feet is envisioned as a possible site for Colorado Mountain College. An underground parking garage would be built for most of the project.
By Scott Condon, April, 27 12, AT