DENVER BUSINESS JOURNAL - Following four years of running into obstacles achieving construction-defects reform, supporters of the movement obliterated all of the walls in their way today.
Colorado Senators voted unanimously to approve House Bill 1279 and move it to the desk of Gov. John Hickenlooper, who has said he will sign the measure. The 33-0 vote comes after the House similarly gave unanimous approval on April 24 to the bill sponsored by Reps. Alec Garnett, D-Denver, and Lori Saine, R-Dacono.The measure is aimed at spurring construction of condominiums in Colorado by making it harder for groups of homeowners to sue builders.
Business leaders had pushed hard for the bill as a way to jump-start the moribund condo market, which is responsible for less than 3 percent of the new housing stock coming onto the housing market.
© 2017 American City Business Journals.