Snowmass developer WestPac mum on Cattle Creek’s future |

Snowmass developer WestPac mum on Cattle Creek’s future

Pete Fowler
Glenwood Springs correspondent
Aspen, CO Colorado

GLENWOOD SPRINGS ” Related WestPac, developer of Base Village at Snowmass, has said little so far about whether apparent cash flow problems will affect its plans to build more than 1,000 homes in the Cattle Creek area between Glenwood Springs and Carbondale.

In March, six contractors filed liens against the Cattle Creek Colorado property Related WestPac and River Bend Colorado hope to develop. The contractors claimed the developers hadn’t paid them a total of about $464,000 for work on the development proposal.

Related WestPac spokesman Steve Alldredge said last month the developers would be in contact with vendors to work to resolve the situation as quickly and efficiently as possible. On Wednesday, he said the company could not offer further information, but indicated officials would probably be willing to publicly discuss the implications for the Cattle Creek proposal at “an appropriate time.”

“Unfortunately, there’s just nothing more to give out at this point,” Alldredge said.

Last fall, Related WestPac halted construction on three buildings in Snowmass Village due to an inability to secure financing. Last week, the developer stopped work on the partially built Little Nell Residences Snowmass and this week, the company’s ability to continue work on the Viceroy Resorts and Residences building in Base Village was a matter of discussion.

Related WestPac President Dwayne Romero on Monday told The Aspen Times that falling real estate prices are changing the way business is done, conceding, “these are truly extraordinary times.”

Alldredge has said Cattle Creek is a very different ” and separate ” proposal from the company’s projects in Snowmass Village.

Developers are still scheduled to appear before the Garfield County Planning Commission to discuss the Cattle Creek Colorado project at a July 22 meeting.

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