X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DENVER-The real estate community has raised a record $5.1 million to defeat Amendment 24, a growth control constitutional amendment that opponents claim will cripple the state’s economy.

The amendment, which comes up for public vote Nov. 7, is co-authored by nature photographer John Fielder. If approved, it will require developments in prescribed areas to be determined by election day polling. The idea is to reduce sprawl, but opponents believe the real motive is to stop growth.

The opposition consists of developers, real estate agents, homebuilders, wildlife federations, the AFL-CIO and affordable housing groups. Opponents say the amendment is poorly written and will lead to years of litigation. The opposition camp also claims businesses will set up shops in other states instead of moving into Colorado – a concern since many people already are claiming Denver’s robust economy is slowing. However, proponents say Amendment 24 will preserve the quality of life that lures businesses to Colorado.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.