Foreclosure looms for Aspen nonprofita€™s 35-acre plot | PostIndependent.com
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Foreclosure looms for Aspen nonprofita€™s 35-acre plot

Courtesy photoThe Mountain Springs Ranch could go into foreclosure later this month if the nonprofit group Living Arts Foundation doesna€™t pay the $35,000 needed to cure the loan.
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An Aspen nonprofit organization stands to lose a 35-acre plot of land to foreclosure if it cana€™t 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 organizationa€™s artistic director, Sarah Pletts.

If the nonprofit cana€™t 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.



a€œIt has been such a challenging time for nonprofits,a€ Pletts said. a€œIa€™m not trying to panic. Ia€™m a very faithful person.a€

The ranch has been used by the Living Arts Foundation as a place to retreat and a€œbe 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.

a€œWea€™re not a big organization, and this land is huge for us,a€ she said. a€œIf we lose the retreat … I dona€™t know if wea€™re going to recover from it. Ita€™s 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 pletts_star@yahoo.co.uk.

rcarroll@aspentimes.com


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