Contenders have thrown their hats into the ring for local elections in Basalt and Carbondale. More people than usual are running in Basalt, even though there’s a routine number of posts up for grabs on Town Council.
Basalt could see some relief when it comes to affordable housing. Basalt Town Manager Mike Scanlon says there’s a long list of new projects on the horizon, which could alleviate some of the increasing demand for homes and apartments.
Basalt’s Town Council has decided against sharing up to $5 million in sales tax dollars with the developer at Willits Town Center. Mariner Real Estate Management asked for that financing in order to attract more business tenants.
Rocky Mountain Institute has opened the doors to its new offices in Basalt. And for the first time, the think tank is settling into its own brand new energy efficient building. Aspen Public Radio’s Elise Thatcher took a tour and has this report.
The town of Basalt has gotten a lot of attention in the Roaring Fork Valley for considering sharing sales taxes with a developer. At least two other mountain communities in Colorado have done something similar. But, there’s a key difference.
The price of renting commercial space in Aspen is some of the highest rates the resort has seen in years, and there have been questions about whether it’s affecting business owners renting office space.
The Town of Basalt’s plan to share sales tax revenue would not cover a more than $10 million dollar gap faced by the developer of Willits Town Center. Basalt Town Council has given initial approval to share a maximum of $5 million in sales taxes.
Basalt officials are looking at what kind of park to have on the Pan and Fork property, and how much it could cost. The developer interested in building on the parcel supports the approach, but says he needs a key detail ironed out.
Like other towns and counties up and down the Roaring Fork Valley, the town of Basalt is hammering out its budget for next year. But first it’s also trying to shore up its 2015 funds. This year’s budget was supposed to be about $7 million. Now Town Council is considering adding more than $2.2 million more dollars to pay for unanticipated expenses.