Initiative 66, which would have imposed strict development limits around the Front Range, ran out of steam.
"A growth-control ballot measure that would severely curtail the construction of new homes [pdf] and apartments along the Front Range likely won’t go before voters," reports John Aguilar.
While Initiative 66, as it's called, cleared several of the administrative hurdles on the way to the ballot, it fell short on one key step, collecting signatures. Daniel Hayes, the "chief cheerleader" for the initiative, told The Denver Post he 'never started' the gathering signatures. He tells the Post maybe next year he'll take the initiative all the way through to the ballot.
Initiative 66 would have "[limited] residential building permits in Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas, El Paso, Jefferson, Larimer and Weld counties to 1 percent of current housing stock for the next two years," Aguilar explains. The initiative provoked strong opposition from the regional real estate industry.
FULL STORY: Front Range housing growth control measure faces dim future as efforts to get it on the ballot flounder
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