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Armory reuse plan calls for building lift, $454 million estimate and phased work starting 2026

Aspen City Council · October 13, 2025
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Summary

Staff described the armory redevelopment as a multi-year project with a building-lift and foundation replacement, an operator RFQ, and an estimated $454 million overall cost; staff expects $13 million next year for initial foundation work and says the schedule depends on completion of the old powerhouse work.

Staff outlined the armory redevelopment's scope and schedule and described complex construction logistics, including lifting the building to install a new foundation. A presenter described an initial schedule that targets fall 2026 for foundation work and a 2-plus year schedule for the interior work and said an operator RFQ went out the week of the presentation.

Budget figures presented to the council set an overall project cost near $454,000,000, including construction and soft costs and a contingency; staff said roughly $13,000,000 would be requested next year to begin the lift and foundation work. Council members asked about phasing and additional funding sources, and staff said they are exploring grants and external contributions as possibilities to reduce direct city borrowing.