Tenants ‘step up’ while founder tries to recover financial footing
ASPEN BASALT REAL ESTATE – A handful of Roaring Fork Valley residents dedicated to alternative health care has rallied to keep the midvalley’s WIN Institute alive after the economic crisis threatened to derail the vision of the founderJensen is now an anchor tenant with his chiropractic business rather than the owner. The WIN Institute (15 miles downvalley from Aspen – editor) was his longtime vision. He built it next to the Mid Valley Medical Center, a standard medical clinic, to make it easier for Roaring Fork Valley residents to blend their types of care. (Jensen’s complete vision is explained at the WIN’s website, www.winhealthinstitute.com.His corporation, Mid Valley Wellness Institute, built the 33,620 sq ft building in 2007 and opened the facility in 2008, about the time the national recession heated up.Jensen has said he was unable to convert his construction loan into a standard mortgage, placing the operation on tenuous financial footing. The building went to foreclosure sale on Sept. 9, 2009.
By Scott Condon, Mar. 1, 2010 Aspen Times