The lumberyard was purchased in December 2007 for $18.25 million, the largest sale price ever paid by the city for land. The city bought the lumberyard as a future site for affordable housing. Annexed with an adjacent 2.5-acre parcel of city owned land, the site could provide 100 units or more of housing, officials estimated.
ASPEN REAL ESTATE – Operators of the $18 million city-owned lumberyard are getting their rent reduced by one-third. Western Building Solutions, parent company of Harbert Lumber, will pay the city of Aspen $35,000 per month instead of $53,045 for use of the 4.7-acre lumberyard formerly known as BMC West, located on Highway 82 near the Aspen Airport Business Center.That comes to $420,000 annually instead of $636,540 — a break of $212,000 or 34 percent. The new lease rate was negotiated at the request of the lumberyard operators, according to a city memo, who are seeing a decline in sales subsequent to the slowdown in the local construction and development industry.
By Curtis Wackerle, August 11, 2010 Aspen Daily News
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