Snowmass homeowners squeezed as Skico skates
Base Village has the best access to skiing, hiking, biking, free village shuttles, free Aspen buses and downvalley transit. We live there in summer and winter.
Aspen Skiing Co. does a fabulous job on the mountain — what they don’t talk about is Skico’s Base Village has six entities assessing Base Village residential owners with nine inadequately disclosed taxes and fees.
Just two examples are:
1. Residential owners are paying $11.5 million of construction debt on the public parking and transit center while receiving none of the revenues and the developer-controlled tax district owns them.
2. Residential owners, assessed at three times the rate of commercial owners, pay 77% of the Base Village Master HOA budget for all snowmelt in Base Village for all plazas and walkways, all public rest rooms, skating rink, fire pits, etc.
In contrast, Skico’s Limelight hotel paid the town’s 1% real estate transfer tax but not the 1% real estate transfer fee to the Base Village Master HOA of about a half-million dollars and arranged to lower their annual assessment to the master HOA by over $100,000 a year. The Limelight condo owners and other residential owners did not receive these benefits.
The Limelight/Skico maneuvering is especially egregious because Skico, East West and KSL got $20 million to $40 million in additional value with the 20 condos that replaced the long-promised and never-built 30,000-square-foot aqua center as a result of the 2015 PUD amendment.
Residential owners are willing to pay a fair share, but we expect Skico, et al, to do the same.
Snowmass and Texas
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.
Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.
User Legend: Moderator Trusted User
Vote for Kimbo Brown-Schirato for council. She’s the right choice at the right time for Aspen. She listens, works extremely well with others, and she’s effective.