New entrance not necessary | AspenTimes.com
YOUR AD HERE »

New entrance not necessary

I certainly hope no one imagines CDOT is going to build a meandering, tree-lined parkway into Aspen. That’s what we have now.

One only has to look at what they have built elsewhere in the valley to understand what they are about. By the time they get done with four lanes of traffic, a center lane, turning lanes and breakdown lanes, the result is 150 feet of ugly concrete.

They clearly have no plans to build a two-lane bridge and tunnel which would have to be torn out to be widened later. As in Glenwood, the traffic jams get moved right to the center of town where the shoppers and tourists can get the full benefit. Please don’t fall for some delusional politicians’ bureaucratic fantasy.

One factor which has received little mention is that the new road won’t be necessary. Aspen may have had a billion-dollar real estate economy, but literally multiple thousands of billions of dollars of stock valuations have disappeared in the continuing market collapse. These are the very funds which were driving the Aspen market.

It didn’t matter if one paid 10 times what a house was worth. As long as the real estate market was going up 16 percent a year, you could always sell for a profit and the return was great. Once prices start to fall, it gets hard to unload million-dollar tract homes.

With the decline in economic activity will come a decline in traffic.

Richard Gordon

Aspen


Support Local Journalism

Support Local Journalism

Readers around Aspen and Snowmass Village make the Aspen Times’ work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.

Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.

Each donation will be used exclusively for the development and creation of increased news coverage.

For tax deductible donations, click here.
 

Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User