Aspen Valley Foundation

Aspen Valley Foundation

A failed effort to develop a retirement community in Basalt is disappointing but not surprising to officials involved. 

Tom Griffiths, with the now defunct Aspen Valley Foundation, knew 19 months ago seeing the project through was a long shot. The foundation had lost its CEO and Griffiths began meeting with local governments, hospitals and banks. He wanted someone to take over the $105 million project.

Aspen Valley Foundation

The non-profit Aspen Valley Foundation is all but obsolete except for one remaining initiative: a retirement facility in Basalt. The Foundation this year, ran out of money for the grants it traditionally awards local non profits. But, members of the Foundation’s board say they’re committed to moving forward a so-called continuing care retirement community. Aspen Public Radio's Marci Krivonen reports.

Marci Krivonen

A clearer picture is emerging of a senior living community in Basalt. Last month, the organizers of the massive project presented detailed plans to Basalt’s Town Council. The senior campus would include multiple buildings on 18 acres just down the road from the local high school.

Organizers say such a development is badly needed in an area where the senior age demographic is expected to skyrocket in coming years. Aspen Public Radio’s Marci Krivonen reports.