D
enver is at a critical juncture, balancing increased regulation, housing affordability concerns, and urban core transformation with significant public and private investment. Amy Hansen, real estate attorney and Polsinelli shareholder, shares insights on how Colorado's complex policy landscape affects business in Denver.

    1. Colorado has become one of the most heavily regulated states. How does this impact your work and businesses' ability to operate in Denver?

    The regulatory environment is a significant challenge for our clients. Businesses need predictability, including clear processes and timelines for local permits and approvals. Uncertainty can be detrimental to business growth. Mayor Johnston's efforts to streamline development approvals are welcome, but recent changes, such as the ordinance banning new gas stations, create uncertainty and may deter investment.

    2. The Downtown Denver Development Authority (DDDA) has been renewed and is gearing up for its next phase. What does this mean for our city, and what potential benefits can be expected for downtown?

    The DDDA's renewal presents a significant opportunity for downtown Denver, which is crucial to the city's tax base. Downtown accounts for only 1.8% of Denver's land area but generates 30% of its jobs and a substantial portion of property taxes and sales taxes. The DDDA's investment can drive revenue growth that benefits the entire city.

    3. What are the most critical policy opportunities in Colorado this year, particularly regarding housing?

    Addressing housing affordability is essential, and there is no single solution. We need more "missing middle" housing and a range of policies supporting affordable production. Two potential solutions being considered are construction defect litigation reform and "smart stair" legislation, which would allow for one set of stairs in residential buildings up to five stories.

    4. What advice would you give to someone considering investing in downtown Denver today?

    This is an exciting time for downtown Denver, with significant investments like the $150 million 16th Street reimagining and the renewed DDDA deploying $570 million into catalytic projects. The city's vibrancy, including its sports scene and cultural attractions, makes it an attractive place to invest. While challenges remain, there is much to celebrate in Denver's growth and development.