The developer changed course and redesigned the project last year as an affordable-housing initiative following the 2008 economic downturn because of the difficulty in obtaining financing for lodging projects. In addition to reducing the number of units, the fourth floor of the building was removed and the floor area was cut from about 45,000 square feet to 40,500 square feet.

ASPEN REAL ESTATE — Neighbors of the old Boomerang Lodge site in west Aspen are still at odds with plans for a 45-unit affordable-housing development on the property — despite concessions the developer has made to reduce the project’s size and a new parking study that suggests no significant impact on the immediate area.The issues surrounding developer Steve Stunda’s project were discussed at Monday’s City Council meeting for nearly three hours. Ultimately, the council made no decisions, but offered suggestions that Stunda, his partners and architects further scale down the project, though not to the point that neighbors would prefer.The council continued Monday’s public hearing to a regular meeting on July 11 after determining the June 27 meeting wouldn’t work because Mayor Mick Ireland will be out of the country.
By Andre Salvail, June, 14 2011, AT

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Boomerang Lodge promotional piece.