NEW YORK: The six hundred and fifty-first entry for the seniors housing Global Awards for 2015 has been received.
This sketch shows a continuing care retirement community in Basalt. The project has been cancelled because an option to purchase land for it expired.
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.
The award application has been rejected.
