We’ll start in Boulder and with commercial development. In February, the Boulder City Council directed city staff to draft an ordinance that would raise the city’s affordable housing linkage fee on new commercial development from $12 per square foot to $25, $30, or $35 per square foot.  Boulder’s current $12 linkage fee is the highest such fee of any city in the country between the two coasts, with Palo Alto the highest in the country at $35.  Even so, City Council members expressed that the current fee is still low enough vis-a-vis fees on residential development to incentivize commercial development over residential development. And more commercial development without new housing only exacerbates the city’s acute jobs-housing disequilibrium.  Continue Reading Boulder County Municipalities Look to Double Affordable Housing Linkage Fees

 

Last week the U.S. House of Representatives passed a bill that seeks to delineate what causes a commercial real estate loan to be classified as a “high volatility commercial real estate loan,” or, as it’s more commonly referred to, as a “HVCRE loan.”  Since the rule regarding HVCRE loans was promulgated, there’s been much debate and confusion around that fundamental question.  A synopsis of HVCRE loans and the implications of HVCRE classification can be found here. Continue Reading House Passes Bill to Clarify HVCRE Rule

California Investor Buys former StorageTek/ConocoPhillips Campus in Bid for Amazon

In a bid to have Amazon select Boulder County as its much-ballyhooed second headquarters, California’s Bancroft Capital recently went under contract to purchase the 432-acre property (depicted below) in Louisville that is the former home of StorageTek.  The property is currently owned by ConocoPhillips. Bancroft also developed the Peloton project in Boulder. Continue Reading Updates from Boulder County: A Bid for Amazon, Google Buys Property, and Senior Housing

Tuesday evening the Boulder City Council unanimously approved the $9.5 million purchase of the 615-acre parcel located at 4536 N. 95th St. (pictured below) to add to the city’s 45,000-acre open space network.  The parcel is the fourth most expensive open-space parcel purchased by the city, will be one of the largest, and will become the easternmost piece of the city’s open-space network.  Because of its 1.5 miles of Boulder Creek frontage, eight ponds, mountain views, and abundant wildlife, the city believes the parcel has tremendous potential for recreational and agricultural purposes.  The city will spend approximately 18 months evaluating the parcel after acquiring it before opening it to visitors.

Image result for boulder valley farm

Last week, the Colorado Senate passed a bipartisan bill—House Bill 1375—requiring school districts to either develop a plan by the 2019-2010 academic year to equitably share mill levy override funds with charter schools of their districts or to distribute 95% of the per pupil amount of the revenue to those charter schools.  The bill further requires charter schools to post certain tax documents on their websites and to limit their financial waivers. Continue Reading “First of its Kind” Colorado Charter School Funding Bill Headed to Governor for Signature