Politicians at the time promised citizens that they would pass legislation this year on growth. Instead, legislators failed to adopt any growth legislation, even after Gov. Bill Owens ordered a special legislative session to hammer out a growth bill.

The Republican-controlled house and the Democratic-run Senate could not reach a compromise.

The stalemate paves the way for other growth initiatives on the ballot this November. Many believe the development community won't raise millions of dollars to fight it this year, as they did in 200. Many brokers and developers worry that voters will approve an anti-growth, anti-development measure that ultimately will drive up prices and constrain the state's ability to retain and attract new companies.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.