Whatever entity comes forward will likely have to face the fact that the approvals, which are what truly give this project its value, will be invalid in about 48 months.

ASPEN SNOWMASS REAL ESTATE — It could be a whole new ball game for Snowmass Base Village now that the development has fallen into receivership. Vested rights on the project — which the Snowmass Town Council approved in 2004 — are due to expire in 2014. That means the unbuilt portions could be completely rethought and re-envisioned. And that’s a concept that appeals to elected officials who have heard numerous comments about a perceived imbalance in commercial property compared to other spaces in the village proper.
By Madeleine Osberger, July 21, 2010 Aspen Times

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