ASPEN REAL ESTATE – The Aspen Club will have to back up its promise with cash that the building will remain an athletic facility available to the local community in a new scheme put forward by City Council in the ongoing debate about building timeshares on the club’s property.Aspen Mayor Mick Ireland said the approval ordinance, as written before Monday, provided no penalty to a future owner of the club if that owner decided to close the club down.“There’s a potential for a great public benefit here, but our job is to make sure we aren’t taken advantage of,” Ireland said.Aspen Club Managing Partner Michael Fox has stated that keeping and enhancing the club as a fixture in town is one of the community benefits of the application. To guarantee this, council members agreed that the club should be required to set aside money equal to the amount that would be needed to open a new athletic club. Fox was given until next week to figure out what that amount would be.
By Curtis Wackerle, May 25, 2010, Aspen Daily News

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