“In its never-ending quest to manage the human costs created by its own central planning, the City of Denver has upped the ante – with more central planning.
The city has deliberately emphasized density over housing affordability, driven out manufacturing in order to attract white-collar jobs, promoted an anti-car agenda, and lobbied for policies making residential gas and electricity more expensive.
So naturally, when the chickens come home to roost, its answer is yet more interference, rather than backing up and looking at what caused the problems in the first place.
On December 10, the City Council unanimously approved a $6 million purchase of 4995 N. Washington St., a used car lot in the Globeville neighborhood north of Five Points. They intend to re-zone the land as mixed-use, to attract startup manufacturing and residential development.
This is the third such purchase Denver has made in the last two years. In 2017, it bought 7900 E. Colfax for $650,000, and 8315 E. Colfax for $1.3 million. Both are old, typical East Colfax hotels that are being rezoned for higher-density housing.
The city bought each property at market value. A Colorado state law passed in the wake of the US Supreme Court’s Kelo decision prevents the use of eminent domain for the purpose of private development.”
read the entire article
Sharf, Joshua. The Complete Colorado 6 January 2018.