Colodny needs another line of work | PostIndependent.com
YOUR AD HERE »

Colodny needs another line of work

Developer Lester Colodny left behind a stained legacy in Glenwood Springs with the Four Mile Ranch project.

Foreclosure was the result.

In Westminster, however, Colodny faced a more serious comeuppance after botching another development project, the 70-unit Holly Park housing project on the city’s main street.



On March 15 ” the Ides of March ” Westminster Municipal Judge John Stipech sentenced Colodny to four months in the Adams County Jail for 26 charges of not complying with the city’s building codes. This came after Colodny abandoned the project, leaving 38 incomplete units in nine buildings.

“Putting someone in jail is harsh, but hopefully it will convince him to finish this project,” Judge Stipech said.



Sending a developer to jail for failing to follow through on a housing project is indeed harsh, but it’s hard to think of a developer more deserving of such punishment than Colodny, who made such a mess of Four Mile Ranch.

What’s baffling is that Colodny could find another investor for Holly Park after his performance in Glenwood Springs.

Spending four months in jail will give the Florida resident plenty of time to think about how to resolve his Holly Park problem.

It would also be a good time for Colodny to plan a career change. He should not be in a business where he is risking other people’s money and making a mess on real estate that is valued by the nearby community.


Support Local Journalism

Support Local Journalism

Readers around Glenwood Springs and Garfield County make the Post Independent’s work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.

Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.

Each donation will be used exclusively for the development and creation of increased news coverage.

 

Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User


Opinion

Runaway development in Glenwood Springs

We are so angry about what has been going on with developments the last few years. Small-town character is basically gone. For what is left, we need to stop developments and like a business, take…



See more