Nowadays, just about every where the Town of Basalt turns presents another significant challenge. For example:
- Last month, one Basalt's two downtown affordable hotels, The Green Drake Inn, sold for $4.4 million to an investment group that could repeat the trend in Aspen of converting small lodge and hotel rooms to fractional ownership luxury units;
- The town is working to connect the older part of town to the newer south side with an underpass, since the 6-lanes of State Highway 82 presents a formidable barrier between two parts of town;
- The booming second-home market is creating a shortage of affordable housing and every undevelopmed parcel in Basalt's urban growth boundary has a development proposal in the review process; and,
- The town hopes to complete the update its of 1999 urban growth boundary and master plan by this summer.
No wonder a recent Aspen Times Weekly article by Scott Condon asked 'What's happening to my small, quirky town?'
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