Snowmass deal falls apart

Snowmass deal falls apart
Local News

By Jill Beathard

ASPEN — Negotiations in the potential sale of Snowmass Base Village have been terminated, emails from the parties involved said Thursday. Vail Valley-based developer East West Partners and private equity firm KSL Capital inked a letter of intent to buy the remaining Base Village assets from Related Cos. in early October. On Thursday, however, both parties sent emails to journalists announcing the end of their negotiations. “Over the past two-and-a-half months EWP/KSL have conducted extensive due diligence with a full team of consultants on what is a very complex set of assets,” said an email from Craig Ferraro and Andy …

Source:: Vail Daily Feed