In last week's Commentary section, Roger Marolt's column, "Beware of flipping the egg (meaning Base Village II) into the fire," is the most intelligent observation by Roger in years. He never understood that the failure of Base Village was due to the economic meltdown starting in 2007, and still not over. All of the fraud and mistakes would have never surfaced if the "meltdown" (much worse than the Great Depression of the 1930s) had not occurred.
Enclosed is my letter to the town council from Nov. 5, 2005, predicting the "Perfect Economic Storm."
"Council, you have some experienced real estate, commercial and condo developers that live here. I suggest you invite them to meet with the council to create a Citizens' Oversight Committee to advise as important decisions are needed. As an owner/investor in Capitol Peak, I have, with my experience as a condo developer, seen the previous actions of Related up close and personal."
I am sure Roger would agree "the fox is in the henhouse." See the lawsuit now under way.
I predict that the town and Pitkin County are going to be dragged into the lawsuit because of the metro district bonds issue. Did the town properly supervise the representations and documents that buyers should have approved?
Base Village II should not proceed one step until the lawsuit is resolved. The issues are enormous.
Richard C. Goodwin