Colorado Bill Encouraging Condo Development Heads To Governor

Colorado is one step closer to seeing a possible end to the anemic state of condominium development that has plagued the state in recent years. The state senate on Thursday sent a bill to the governor that would make it harder for builders to be sued over construction issues.

The bill, which Governor Hickenlooper has voiced strong support for, states that a homeowners association can only go to court against a builder for perceived construction flaws if more than half the owners in the complex agree.

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While the bill is not seen as a perfect solution, it has strong support. The state has seen condominium construction plummet and the rising insurance costs to defend against such suits is seen as a major contributing factor.

The governor is expected to sign the bill as early as Friday

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