Aspen's New Economic Engine: Second Homes
The greatest economic engine in Pitkin County is now second homes, dwarfing tourism.
"The study by the Northwest Colorado Council of Governments showed that second homes accounted for 34 percent of all dollars coming into the county from outside sources in 2001... The study estimated that $1.32 billion flowed into the county from outside sources. Construction on second homes accounted for $115.5 million, and spending by occupants of those second homes - on everything from home furnishings to fancy dinners - accounted for another $337.6 million."
Thanks to Chris Steins
Full Story:
Published on Monday, May 3, 2004 in
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