“Multi-family Replacement Program,”

ASPEN — A small group of homeowners wants to remodel their 41-year-old Aspen condominium complex, but they can’t because they are caught up in the bureaucracy of the city’s land-use laws. Known as the “Multi-family Replacement Program,” the law was passed by the City Council in the 1980s after officials became concerned that the demolition of existing free-market residential units was resulting in the exclusion of working residents from the city’s neighborhoods. The law was created so there would be no net loss of the total number of units between existing development and proposed development.
By Carolyn Sackariason, July 30, 2009 Aspen Times

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