The parcel was originally envisioned to be the Lodge at Aspen Mountain but after years of review, planning and community discussion, the proposal was shot down by council in 2007. A new proposal, which made the hotel smaller, was shelved when the property was sold….The new development group, working locally under the auspices of ASV Aspen Street Owners LLC, met resistance from City Council May 29 during the initial land-use review for the townhome proposal. Council members at that meeting expressed their preference for lodging at the prime in-town location as opposed to luxury free-market residential development, which is often occupied just a few weeks out of the year.

The development group representing the owners of a parcel on South Aspen Street met with city officials last week about the possibility of building a hotel at the site instead of 14 luxury townhomes… The City Council is scheduled to hold a public hearing and potentially vote on the townhome proposal June 25. The parcel was originally envisioned to be the Lodge at Aspen Mountain but after years of review, planning and community discussion, the proposal was shot down by council in 2007. A new proposal, which made the hotel smaller, was shelved when the property was sold. Boston-based Alcion Ventures, along with the Golub & Co. of Chicago, purchased the site in April 2010 for $15 million from Alpine Bank. A judge had lifted bankruptcy protection for Centurion Partners of Newport Beach, Calif., the site’s previous owner which was underwater on the property, two months prior.
By Carolyn Sackariason, June 18, 2012 ADN

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