Mosher Leaves, Starts His Own Firm

DENVER-Bill Mosher, one of the city’s highest-profile developers, has resigned from Mile High Development, which is headed by another well-respected developer, veteran George Thorn.Mosher left to start his own firm, after he couldn’t get a bigger equity stake in Thorn’s Mile High Development.

“Everyone is sad and frustrated by this,” Mosher tells GlobeSt.com.

Thorn and a retired business partner who lives in Phoenix have owned 100% of Mile High since 1997. In 1999, when Mosher left the Downtown Denver Partnership to join Mile High, he received a 20% stake in the company and Mike Sullivan, who heads the construction side on projects they develop, received 10%. But because of the partnership agreement, Mosher says he couldn’t receive a bigger stake in the company, so he decided it was in his best interests to start his own company. Thorn says he will miss Mosher and they work well together. “I have nothing but respect for Bill,” Thorn tells GlobeSt.com. Thorn adds that he spent two years trying to change the partnership agreement, but could not.