Opponents Winning the Fundraising Battle Ahead of Anti-Development Measure in Colorado
John Aguilar reports on the funding on either sides of a ballot measure that would "markedly curtail" new homebuilding in the city of Lakewood, Colorado.
So far, opponents of the measure have collected $300,000, according to Aguilar, mostly donated from real estate and development industry interests. Supporters of the growth limits have collected only $4,000. "As of May 31, the National Association of Realtors had put $200,000 into the effort to sink Question 200, along with $25,000 each from the Colorado Association of Realtors and the Associated General Contractors of Colorado," reports Aguilar.
Question 200, "would cap annual residential growth in Lakewood at no more than 1 percent of the existing housing stock," according to Aguilar. "The measure would also require that projects with at least 40 units get City Council approval before turning dirt."
Question 200 will be the only matter on the ballot in a special election schedule for July 2, 2019.