SNOWMASS VILLAGE — Interest rates on $32.6 million in bonds two Base Village metro districts issued in July 2008 have shot up to 10 percent from 1 percent as a result of actions taken recently by the Related Cos., the former owner and developer of the project at the base of the Snowmass Ski Area.
Author Archives: Brent Gardner-Smith
Brent Gardner-Smith founded Aspen Journalism in 2011. He also served as AJ’s first executive director, from 2011 until 2021, and as its first editor, until 2020. He's also been the news director at Aspen Public Radio and a reporter at The Aspen Times and the Aspen Daily News. Brent also worked at ProPublica in 2010, as a communications intern, while earning his master’s degree in journalism from the University of Missouri.
A look at who is suing Aspen over water rights for hydro
In the mix of property owners are two billionaires and two Aspen locals with a history of successfully taking on local governments.
Lowe Enterprises signs new contract to manage Base Village
The project’s previous owner was Base Village Owner, LLC, an entity controlled by Related Cos. of New York, which defaulted on a $520 million acquisition and construction loan in April 2009.
Powder to the People fought the law – and the law won
USFS makes a call on access to Powder Tours terrain
New owners of Base Village issue first statement
It wasn’t much, but it was one of the few public statements made by an owner of the project since the previous owners, Base Village Owner LLC, a subsidiary of the Related Cos. of New York, walked away in 2009 and defaulted on a $520 million loan from the banks.
Legal appeal against Burnt Mountain trail denied
A trio of judges in the Tenth Circuit Court of Appeals denied an appeal on Nov. 8 in a lawsuit seeking to block the construction of an egress trail connecting lower Burnt Mountain East to Two Creeks, which was approved by the U.S. Forest Service in 2003.
SkiCo to close snowmobile ‘marina’ on top of Aspen Mtn.
Changes to a popular parking spot for backcountry skiers and travelers.
Related to NYC court on Base Village: It’s the banks’ fault
After a foreclosure sale on the steps of the Pitkin County Courthouse on Nov. 16, the Related Companies and its entity Base Village Owner LLC no longer own the Base Village project. But the giant private real estate firm based in New York is still wrangling in court with the new apparent owners of the […]
Developer Related not faring well in Base Village lawsuits
SNOWMASS VILLAGE — The developers of the stalled Base Village project at the base of the Snowmass Ski Area have been quick to blame the Great Recession for the project’s current state. But as a series of lawsuits between the developers and its lenders and investors show, there were a number of decisions made along […]
Aspen Skiing Co. not alone in bid for Base Village
ASPEN — Centurion Partners, the developers of The Residences at The Little Nell in Aspen, has submitted a bid to buy the Base Village project in Snowmass Village.