“Denver is weighing in on the vexing issue of construction defects reform with the unveiling Tuesday of a proposed ordinance the city hopes will pump renewed vigor into the local condo market.
The city is borrowing familiar elements from construction defects measures passed by suburban communities during the past year but is introducing concepts and approaches not seen before.
“What excites me is the uniqueness of this,” Mayor Michael Hancock told reporters Tuesday morning.
The mayor called the ordinance a “common-sense approach” to navigating a legal environment that many have blamed for slowing condominium construction in the metro area to a crawl.
Critics of the existing system claim state law makes it too easy for homeowners in multifamily communities to sue over claims of shoddy construction, resulting in insurance companies raising rates for condo builders. Builders, in turn, eschew condo projects in favor of apartment units, they claim.”
Aguilar, John. Denver Post 13 October 2015.