The Basalt Town Council waived affordable housing mitigation rules on Tuesday night in order for the Aspen Valley Foundation’s (AVF) proposed phased 148 unit senior housing project – offering continuing care and a retirement community – to proceed. Under the town code, the AVF would have had to build 12 employee units or pay $260,000 cash in lieu of providing housing to the town. Struck hard by the recession, Council members see the projecy as a great benefit to Basalt and the mid-Valley community. The AVF has been trying to find a suitable location for the retirement community in Aspen for most of the past decade, but when the proposed residential 110-home Stott’s Mill residential subdivision project in Basalt’s Southside neighborhood near the High School failed due to the economic downturn, an opening for the retirement community came about.

Link to article 04/24/13 AT Link to article 02/05/13

Photo credit: Aspen Times