Two of Lay’s properties sell | AspenTimes.com

Two of Lay’s properties sell

Brent Gardner-Smith
Aspen Times Staff Writer

Two of Ken and Linda Lay’s four properties in Aspen have sold for a total of $12.1 million.

On Feb. 7, Roaring Fork I, LLC paid $10 million for the Lay family home at 165 Shady Lane. In 1991, the Lays paid $1.9 million for the modest 3,015-square-foot house on a three-acre lot, which includes 300 feet of direct river frontage on the Roaring Fork.

And on Feb. 12, Carol S. Parks of Boston paid $2.1 million for a lot in the Mocklin subdivision, which sits in front of the Hunter Creek complex on a bluff above the Aspen Art Museum.

The Lays paid $1.65 million for the lot in November 1998, according to the Pitkin County Assessor’s office. The building site has an expansive view of Aspen Mountain.

Joshua Saslove of Joshua and Company in Aspen handled the sales for the Lays. He said the other two properties that the Lays own in Aspen have not yet sold. Ken Lay is the former chairman and CEO of Enron, which has declared bankruptcy in a spectacular collapse.

Saslove declined to disclose the buyer of the Lay’s Shady Lane home, but records with the Colorado Secretary of State’s office show that Bradley P. Bell of Los Angeles is the manager of Roaring Fork I, LLC.

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Roaring Fork I, LLC also owns a home on a two-acre lot on Red Mountain. That property was purchased in January 2000 for $5.8 million.

Calls to the home of a Bradley Bell listed in the Aspen phone book were not returned Tuesday.

A Bradley P. Bell is the executive producer and head writer for the CBS daytime soap opera “The Bold and the Beautiful.”

Bradley, who is in his mid-30s, was described by the Copley News Service in 1999 as “the show’s low-key, extremely happy and wealthy executive producer/head writer.”

Cavanhaugh O’Leary, of the law firm of Austin, Pierce and Smith, which represents Roaring Fork I, LLC, declined to disclose the identify of the buyer of the Lay family home.

But O’Leary did say that “the individuals involved with this have been involved with Aspen for many years and they are very pleased with their purchase.”

He did say, however, that the buyer does own other property in Aspen.

Saslove could not confirm that the same Carol S. Parks of Boston who bought the Lay’s vacant Aspen homesite is the same Carol S. Parks of Boston who was the heir to $35 million worth of taxi medallions, or licenses, in Boston.

According to a report in the Boston Globe, Carol S. Parks is the daughter of Checker Cab founder and former Avis chairman Frank Sawyer, who passed away in 1992.

The Globe reported in August 2000 that Parks was preparing to sell 200 taxi medallions from the Checker Cab and Town Taxi companies, and that they were expected to be worth close to $35 million.

Two other Enron executives currently have their Aspen homes on the market.

John B. Wing’s home at the Maroon Creek Club at the base of the Buttermilk ski area has been listed for sale at the price of $6.3 million for six months, according to Saslove. Wing was once head of Enron Europe and worked closely with Enron building power plants around the world.

“This is totally unrelated to anything in respect to the Enron situation,” Saslove said.

Thomas White, the former vice chairman of Enron Energy Services, also has a home across the street from Wing that is listed for sale in the $6 million range.