ASPEN REAL ESTATE – The five lots the U.S. Forest Service is looking to carve out of its Aspen West End property and sell via an online auction could each fetch between $2 and $2.5 million, according to a local real estate expert, and accommodate at least a 3,200-square-foot house.The Forest Service plans to sell off about 1 acre of its 3-acre prime Aspen real property, in order to finance a redevelopment of the aging visitors center, employee housing and administrative facilities at the S-curves site. The project is expected to cost $9 to $10 million.At a Pitkin County commissioners work session on Tuesday, White River National Forest Supervisor Scott Fitzwilliams said the effort to sell the Aspen land on the free market could have implications for other Forest Service “conveyance” plans, as the agency is looking to unload other parcels in Colorado.
By Curtis Wackerle, Sept. 12, 2012 ADN
US FOREST SERVICE DEVELOPMENT ASSESSMENT: Location: Aspen, CO
In 2009, Don Ensign and Heather Henry undertook a development assessment with the US Forest Service that evaluated all of the White River National Forest\’s administrative properties for their development potential. These properties spanned the White River National Forest from Aspen to Meeker and east to Silverthorne. The products included physical representations of redevelopment potential and financial pro-formas on which to base conclusive economic performance.