Snowmass’ contribution to Droste may fall short of expectations

ASPEN SNOWMASS REAL ESTATE — Two advisory boards are recommending that the town of Snowmass Village contribute only half the money the municipality has discussed offering for the Droste Property purchase.The Financial Advisory Board and Part–Time Homeowners Advisory Board, in separate meetings Wednesday, decided that a $1 million contribution from Snowmass Village would suffice for the Droste purchase. The state of Snowmass Village tax collections, coupled with the FAB’s ethos that the town not assume any additional debt at this time, were some of the contributing factors to the decision.During last week’s Town Council meeting, elected officials discussed a $2 million contribution from the town. That would have required a public vote. But Snowmass Village is already looking at least two other taxing issues on the November ballot and there was discussion that too many questions could result in the failure of all.
By Madeleine Osberger, August 14, 2010, Aspen Times

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