The city of Aspen earlier this summer was hoping to acquire the land for open space purposes, and had planned to issue $6 million in bonds to make the deal happen. But that deal was contingent on Pitkin County contributing $5 million toward the purchase price — a financial commitment the county declined to make.

ASPEN REAL ESTATE – The Aspen Valley Medical Foundation (AVMF) has made a $12 million offer for a critical piece of land on which it hopes to build a senior housing center, but the parcel is currently under contract to another buyer.Six parties have made legitimate offers on the 45-acre property owned by the Moore family located off of Maroon Creek Road north of the Aspen Recreation Center and west of the existing Moore Open Space, according to Tom Moore.A binding contract is pending with one of those parties, but due to ongoing negotiations, he could say little else, noting that nothing is final until a deal closes.
By Curtis Wackerle, Sept. 4, 2010 Aspen Daily News

Link to article