“As the owner of Sage Hospitality, which runs 50 restaurants, bars, coffee shops and entertainment venues across America, including 20 in Colorado, I can tell you our margins here have droppe…
Over the past few weeks, some of Colorado’s most renowned restaurateurs have lamented the difficult economic and regulatory hurdles of operating their businesses. Notable changes are afoot for well-respected restaurateurs like Juan Padro, Alex Seidel, Jen Jasinski, Beth Gruitch, Dana Rodriguez and Tommy Lee who allMost notably, Troy Guard announced last week he and his wife will be moving to Houston because growing his business in Colorado has just become too difficult and expensive.
Over the past ten years, however, local and state elected officials have made operating a small business in Denver more difficult and expensive. Well-intentioned legislation has created a hostile economic environment for small businesses to thrive. And commercial property taxes are soaring with property valuations reaching record highs across the state at the exact time two-year assessments were conducted. Even with the state’s efforts to reduce property taxes, businesses are hurting. Our assessed values have increased by as much as 40% over the past few years.
I moved to Denver in 1984 to start a business. Denver was facing one of the city’s worst economic times, with an economy primarily reliant on the oil and gas industry. With oil prices plummeting we faced serious problems. There was significant out-migration, office vacancies approached 40%, and in 1987 unemployment was 9.1%.These numbers were daunting, but Coloradans pulled together to turn the tide. Gov.
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