Link to article, Aug 29, 2013 Denver Post
Question
“Do you think the Forest Service got a good deal on the Aspen vacant lot parcels it sold earlier this week? Seems like they wanted a bit more?” Reporter
Response
“Without having spoken to any USFS officials, I’d have to believe they were shooting for more …however, uncertainties on the City of Aspen approval process, its duration and uncertanties with associated development costs likely contributed to the discount buyers were able to get. The properties are not in the center of West End, more peripheral with a longer walk into town but closer to public transportation options, and that area is less “tested” for vacant lot and new construction development. But the concentration of new homes on that specific block will be good for values specifically there and generally in that area …” Tim Estin
