Big Deal: BMC West Inc.
December 24, 2007
ASPEN The city of Aspens purchase of the BMC West lumber yard property for worker housing has been formally completed. Price tag: $18.25 million.Worth noting: The city of Aspen will use the property to build affordable housing, which will cost about $600,000 per unit, including land and construction costs. The lumber company will lease the building from the city for $50,000 until the development is ready to be built.Seller: BMC West Inc.Buyer: The City of AspenPrice: $18.25 millionAddress: 38005 Hwy. 82Subdivision: The Aspen Airport Business CenterProperty taxes: $47,766.76The Big Deal is a weekly feature of Inside Business, published Tuesdays in The Aspen Times)