What’s the Big Deal: Emma land fetches $8.5 million
Editor’s note: “What’s the Big Deal?” runs Sundays and is based on the most expensive property transaction recorded in Pitkin County through 3 p.m. each Friday.
Price: $8.52 million
Buyer: EAT-1706 LLC
Seller: Tom and Vivian Waldeck (15 percent), Steven Waldeck (77 percent) and Stone Family Trust (8 percent)
Address: Lots 1, 2 and 7 and open space parcels A and B, Emma Road, Basalt
Date recorded: June 9
Subdivision: Emma Farms
Property type: Agriculture, open space
Land: 30.5 acres
Note: Property is located in both Eagle and Pitkin counties
The city of Aspen’s real estate transfer tax collections for May showed a 197 percent improvement for its affordable-housing fund and a bump of 185 percent for the Wheeler Opera House’s coffers.
In its monthly tax report issued last week, the city also reported that the transfer taxes are “tracking roughly 81 percent ahead of 2016 figures to date.”
The housing portion of the tax reeled in $3.7 million from January through May, while the Wheeler portion has $1.9 million.
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Former Basalt town manager Bill Kane wants to re-enter government service, but this time as the town’s mayor. Kane said he has the ability to heal some of the wounds from political bickering in Basalt in recent years.