Foreclosure looms for Aspen nonprofitas 35-acre plot
An Aspen nonprofit organization stands to lose a 35-acre plot of land to foreclosure if it canat come up with at least $35,000 by Sept. 18.
The Living Arts Foundation, which has owned the Mountain Springs Ranch for 12 years, is in default on a loan to the tune of $265,000, according to the organizationas artistic director, Sarah Pletts.
If the nonprofit canat drum up the minimum amount of $35,000, which is needed to cure the loan, the land will go up for sale in a foreclosure auction. The Mountain Springs Ranch is located just outside of Glenwood Springs in Garfield County.
aIt has been such a challenging time for nonprofits,a Pletts said. aIam not trying to panic. Iam a very faithful person.a
The ranch has been used by the Living Arts Foundation as a place to retreat and abe together with a group of others wishing to be closer with nature,a according to literature from the nonprofit.
A retreat is scheduled for Sept. 25-27, a week after the scheduled foreclosure auction. But the cost to attend the retreat a” $145 for individuals and $175 for businesses a” is due by Sept. 15.
Pletts said the retreats help mold the identity of the Living Arts Foundation, which is 28 years old. The Mountain Springs Ranch, at approximately 8,200 feet above sea level and a sanctuary for wildlife, provides an ideal setting, Pletts said.
aWeare not a big organization, and this land is huge for us,a she said. aIf we lose the retreat … I donat know if weare going to recover from it. Itas really serious.a
A dancer, performance artist and Aspen resident, Pletts has for years been involved in local dance productions, environmental causes and Native American affairs.
For more information, contact Pletts at 925-7108 or firstname.lastname@example.org.
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