A recent move by the Related Companies towards controlling six Snowmass Village properties in foreclosure proceedings may be a good thing in general, say local officials, although it also may be tough on one of the founding families of the 42-year-old resort. “We would certainly hope that people like the Moebius family, the smaller partners, come out as unscathed as possible,” said Snowmass Village Mayor Bill Boineau, referring to the family that built and ran the Silvertree Hotel, among other early Snowmass properties. “The pioneers dug a difficult road in the early days, they made it work and made Snowmass what it is today.”On the last day of June, papers were filed in the Pitkin County Clerk and Recorder’s Office that transfers the deeds of trust of the six properties in foreclosure from Bank of America to Related Companies of New York.
By Catherine Lutz, August 3, 2009, Aspen Daily News

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