Foreclosure proceedings have started against several properties owned at least partly by Related WestPac, the developer for the base at Snowmass resort.
Related WestPac spokesman Steve Alldredge said Friday that the properties are not directly linked to the development of Base Village.
According to court documents filed in Pitkin County Courthouse, the properties facing foreclosure include the Snowmass Inn, the Sonnenblick Townhomes and the Snowmass Mountain Chalet, along with the Snowmass Center and several lots combined under the name of Brush Creek Capital Holdings LLC.
The properties, according to the foreclosure documents, were listed as collateral against a $110 million loan made by Bank of America to the owners in early 2007.
Alldredge said the company would not comment on what the loan was used for.
