Next developer please?

The Bair Chase golf development south of Glenwood Springs has gone belly up again and this time it took a historic barn and elk winter haunt with it. PlainsCapital Bank of Austin, Texas, which holds the deed of trust to the land, has filed for foreclosure and sale of the property.The 280-acre property has been mired incontroversy since it come before the Garfield County Planning Commission as a 500 houses / 18-hole golf course / 700,000 square feet of commercial development PUD. That plan was eventualy denied by the County Commissioners at a late meeting after dozens of citizens had spoken against the project. The property then changed hands to a company the eventually filed for Chapter 11 bankruptcy protection.

The most recent approval for the property included 62 single-family lots and 168 multifamily units surrounding an 18-hole golf course. Earthwork began on the ranch last summer, leveling the historic barn and tearing up the hay field that a couple hundred elk used during the winter, apparently before the permanent financing became permanent. Recently a Bull elk was a seen standing on top of a man-made hill on the property, apperently wondering what is going on.

Read the full article in the Post Independent

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