The project stalled in 2008 after the concrete foundation was poured. The project went nowhere during the recession. In 2010, the approval was altered to a 60-room hotel rather than a condominium hotel. Doug Allen, developer and an owner of commercial property adjacent to the hotel site, said Richmond’s property has been a “blight” on the neighborhood for three years. There are 10 surrounding businesses. They are probably being hurt by the appearance of the hotel site and certainly by the lack of activity there.

BASALT REAL ESTATE — A Chicago-based developer wants an extension of his approvals for a 60-room hotel in Basalt so he can finally build or sell the property now that the economy is rebounding. Jim Richmond’s vested rights for the Snow River Lodge along the Highway 82 Basalt Bypass adjacent to Stubbies Restaurant, are scheduled to expire in June. He and his partners in Snow River Lodge Inc. want them extended for two years…Without the extension, the approvals would still exist, but the project would be required to follow changes to Basalt’s land-use code in the past two years. That would mean a tougher affordable-housing requirement, according to Basalt’s planning staff.
By Scott Condon, April 29, 2012 AT

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The proposed hotel site is just off Hwy 82, next to Stubbies Restaurant (#2 on map).