Question 200 will greatly restrict, if not completely eliminate affordable housing. It will have the unintended consequence of pushing out teachers, firefighters, police officers, and even your families because they can’t afford to live here.
Based on the 4800 words of the ballot question, if this anti-growth initiative passes, all density and all low-income housing will be built along Alameda and Colfax (ie Wards 1, 2 and 3) as they have been designated as blighted areas, and they contain the two colleges exempt from the ordinance.
Current owners of apartment buildings will have no incentive to renovate or upgrade as they will not have competition from new complexes. This will lead to the degradation of Lakewood’s housing stock as prices for those units increase.
Passing 200 will result in a dramatic increase in housing costs and an immediate increase in monthly rental costs. Property taxes will skyrocket and every homeowner, renter, and business owner will have to dish out more of their hard earned money.
TRAFFIC & CONGESTION
By forcing working families out of the community where they work, this anti-growth measure encourages sprawl and exacerbates traffic and congestion challenges. Bottom line – anti-growth measures like the one being proposed in Lakewood hit working class people hardest.
With more commuters and longer commutes, the traffic congestion will dramatically increase resulting in more pollution & emissions.
This ordinance mirrors Boulder’s ordinance. Boulder’s 1% growth cap, which has been in place since the early 90’s, has created a scenario where 56% of its labor force commutes. This dynamic is exacerbating its traffic congestion and impeding its emission goals.
OTHER UNINTENDED CONSEQUENCES
Passing the anti-growth ballot measure now would threaten worthy projects for the future, like the revitalization of West Colfax. If we want new amenities, we need to support and manage new growth, not punish it.
The law of supply and demand is a fundamental concept of economics. Apply this basic economic principle to Lakewood’s housing market and you will quickly see a huge imbalance – limited supply and high demand – directly contributing to rising home prices. Question 200 will make assessed valuations and property tax bills skyrocket. Homeowners will pay much higher property taxes.
Question 200 gives the city council absolute power to decide what gets built and how. City Council could even go further than this bad initiative and ban all housing development in the city without a vote of the people.
Question 200 will trigger a crippling ripple effect. The affordability of housing impacts a company’s ability to attract and retain a skilled workforce and thus can have a significant effect on the cost of doing business.
If 200 passes, Lakewood will lack sufficient, affordable housing options which will cause long commutes for its workforce because they cannot afford to live and work in the same community. This will put Lakewood and its businesses at a competitive disadvantage compared to other cities across the region.