Colodny needs another line of work |

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.

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