The Denver Business Journal is reporting that, on Monday, Commerce City became the third city in the Denver metro-area to enact an ordinance addressing construction defects in condominium and other common interest community construction.
Continue Reading More Local Action on Construction Defects
Legislation
Amendments to Colorado Urban Renewal Law May Limit Use of Tax-Increment Financing
By Otten Johnson on
In May, the Colorado legislature approved a bill amending the state’s Urban Renewal Law, C.R.S. § 31-25-101 et seq., to place new limitations on urban renewal authorities.
Continue Reading Amendments to Colorado Urban Renewal Law May Limit Use of Tax-Increment Financing
Construction Defects Fight Isn’t Over: Colorado Court of Appeals Weighs In
Despite the failure of Senate Bill 177 last week, there is positive news for condo developers.
Continue Reading Construction Defects Fight Isn’t Over: Colorado Court of Appeals Weighs In
Colorado Senate Committee, Mayor Hancock, Support Senate Bill 177
By Otten Johnson on
The reform of Colorado’s construction-defect law took an important step when the Senate Business, Labor and Technology Committee passed Senate Bill 177 (“SB-177”) on a 6-2 vote.
Prior to voting on SB-177, the Committee heard nearly eight hours of testimony, most notably from Denver Mayor Michael Hancock, who testified in favor of SB-177. Many…
Millennials and the Rent/Buy Decision: Are Construction Defect Laws a Factor?
By Kimberly A. O'Hagan on
As we’ve written in the past, Millennials have played a significant role in the revival of Denver’s economy. As increasing rent payments threaten to exceed monthly mortgage payments, however, Denver’s popularity among Millennials may diminish. Although worsening affordability has not discouraged Millennials’ interest in living in Denver thus far, as Millennials age and…