ASPEN REAL ESTATE – Developers of the Chapter 11 fractional ownership project Dancing Bear located along the edge of Wagner Park in the Aspen core (see map) have sued their German lender claiming that they caused the project to go bankrupt and the loss of millions of dollars. The suit says that the poor publicity about the project has scared away potential buyers and will demand large marketing efforts and funds to restore buyer confidence. The foreclosure of the project, scheduled for this spring, has again been delayed and is pending.

Link to April 26, 2011 AT article


Completed in 2008, Dancing Bear stalled at Phase One in the wake of the economic crisis. Phase Two,
located at the old Chart House Restaurant corner of Monarch/Durant, is an abandoned steel frame structure.