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ASPEN, Colo.—Aspen officials may ask the University of Colorado not to sell a conference center it owns in the mountain resort.

The Aspen City Council plans a Monday vote urging the college to keep the Given Institute, a conference facility sitting on about two acres of prime real estate. The university has announced plans to sell the property overlooking Hallam Lake.

CU officials say they spend $200,000 a year keep up the conference center. It could fetch $20 million if sold. The school says it would likely be demolished.

The conference center was built to hold conferences about medical technology. The building was designed by Harry Weese, a Chicago-based architect also designed the subway stations of Washington D.C.’s Metro.

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