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Super Slab is alive and well



Despite countless hours of effort, citizens’ attempts during the past 2 years to eliminate the Super Slab corridor through the legislative process have failed. The Slab remains an ever present cloud hanging over the heads of corridor residents.

We believe the county commissioners, from each county the Slab runs through, are the best hope for getting the corridor removed. Why should they get involved? Because property values in the corridor are being driven down, even more than in the surrounding areas, and this will mean less revenue from property taxes for each of the 7 counties.

Documentation for formal dispute of assessed property values.


A letter written by the El Paso County Assessor, Mark Lowderman, to Representative Marsha Looper about how the Super Slab affects property values submitted during House Transportation Committee testimony on HB08-1007.
While the assessor states in the first part of his letter, it is the documents filed against properties which is causing the reduced value, he goes on to explain how the existence of the corridor, in fact is causing the economic obsolescence of properties within the corridor simply from the mere existence of the corridor, not the title documents.

PDF of the Assessors letter


FINAL BILL SUMMARY for HB08-1007
HOUSE COMMITTEE ON TRANSPORTATION & ENERGY

05:36 PM --(testimony) Mark Lowderman, El Paso County Assessor, spoke to the potential impacts on notices to title and the impact on assessed values in El Paso County. He spoke about the 2007 property tax appeal period and the problems that property owners were having refinancing their properties. He discussed the fiscal impact to the county and said that economic obsolescences were measurable. He thought that a 20 percent decrease in property values to impacted property owners might be a reasonable estimate.



Nilges Marketability Study
David C. Nilges,CPM
Nilges Commercial*Realtors, Inc. “Mr. Nilges is a Colorado realtor with 40 + years of experience in private and commercial real estate markets. In 1988 he founded and is president of Nilges Commercial*Realtors, Inc., which is involved in most all aspects of commercial real estate in the Colorado and National markets. Mr. Nilges has financed, refinanced, sold, developed, managed, leased and been either a receiver, or trustee in bankruptcy, for over $5.0 Billion in real estate assets during his career.”

This study was completed in 2006. Mr. Nilges supports his claim to a direct loss of property value due to the mere existence of the corridor, not to the title documents, through interviews with realtors, similar projects around the country and his life experience. While the study is long, it is good evidence of the effect the corridor has on property values.

A short synopsis of the study is linked here:Marketability Study Brief

Other means to eliminate the Slab:

1041 Regulations:


Weld County did take important action in developing county regulations that provided significant protection for the property owners in the Weld County corridor. These regulations, called 1041 Powers can be read here (insert pdf called Weld Private Toll Road regulations here). These are regulations, if adopted by all 6 of the other counties, would significantly hinder PFPE’s ability to move the project forward. While it won’t make the corridor go away, it would make a strong statement to our State legislators that the counties are not interested in the project, which hopefully would encourage them to finally end the ability for PFPE to continue to hold the corridor forever.
Weld County 1041

11/11/09

Update from the Colorado Tolling Enterprise Meeting 16 Oct 2008

What’s up with the Super Slab?






Counties