An Aspen official said the passage or failure of ballot question 2B could determine if the city will have to shelve part of the Lumberyard housing project. Construction is scheduled to begin in fall 2026. Jason Charme/Aspen Daily News

Ballot question 2B in Aspen would issue up to $70 million in debt financing to go toward the Lumberyard affordable housing project.

The ballot issue does not raise taxes and would make up a portion of the city’s $250 million contribution to the project. The entire project, including the developer’s contribution, will cost $360 million.

The city’s maximum repayment for the $70 million bond would not exceed $152.5 million.

Uncertain funding and rising construction costs would impact completion of the project if the bond financing was not approved, Aspen

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