Bair Chase needs $50M
The developers of a 280-acre golf course development south of Glenwood Springs are still planning to build the project, despite that funding hasn’t yet been approved. John Young, project director for Bair Chase LLC, said Tuesday the project “is moving along well.” Bair Chase must find $50 million before construction continues, but Young said he’s confident the company will find financiers for the project sometime in December. Bair Chase plans to develop 62 single-family lots and 168 multi-family units surrounding an 18-hole golf course. Young said construction on the project has been shut down for the winter because of the difficulty in moving dirt in cold weather. “There will be announcements when something occurs,” he said. But Bair Chase is at least 60 days behind in its payments to Gould Construction, a Glenwood-based subcontractor of golf course developer Weitz Golf that was hired to do earthwork for the development, said Mark Gould, president of Gould Construction. Gould filed a lien against Bair Chase on Nov. 15 for $1,126,507. “This is just a business measure to secure our interest because this is what a contractor does when the owner is behind on their payments,” Gould said, adding that, though he’s contracted under Weitz Golf, to make sure he’s paid, he is required to file a lien against the landowner. Gould said the law requires he file the lien within 120 days. “We’re just dotting the i’s and crossing the t’s,” he said. Young could not be reached for comment about the lien. The Bair Chase development also involved purchasing the Sopris Restaurant, whose owner, Kurt Wigger, planned to reopen the restaurant after the financing for Bair Chase fell through. Walt Brown, Wigger’s attorney, said Tuesday it’s unclear if and when Sopris will reopen because of Wigger’s health problems. What’s more, Brown said, if Bair Chase’s financing materializes before Wigger opens Sopris, the restaurant would likely not reopen at all. Bair Chase has been fraught with problems since its inception in the mid-1990s. Bair Chase bought the site in 2000, scaling the development down from a plan that called for 500 houses and 700,000 square feet of commercial space to a plan that proposes no commercial space and fewer homes. Earthwork began before Bair Chase found the money for the project, razing a historic barn in the process. Asked whether he was confident the project will continue, Gould said, “As confident as a contractor can be. I’m certainly not losing any sleep at the moment. I’ve just got to sort of be patient.”Contact Bobby Magill: 945-8515, ext. firstname.lastname@example.org
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