The Get Home Denver Team

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Well more news coming out today that suggests the Denver Real Estate market is Half Full, rather than Half Empty!  As a follow-up to the an earlier post, ConocoPhillips purchase of the large tract of land between Denver and Boulder will have HUGE economic benefits. 

An article today in the Rocky Mountain News estimates the impact.

“Tom Clark, executive vice president of the Metro Denver Economic Development Corp., said when he spoke to a Conoco person Wednesday, he was told it was premature to give a size to the work force.”We’re still scoping the project, but you can do the math” to get an estimate of how many people could work there, based on the size, Clark was told.

And the math easily supports well in excess of 10,000 on the site, Clark said.

“This would dwarf any economic development deal in the history of the state.”

He said 10,000 jobs there would create another 18,000 jobs for an economic impact of $1.7 billion a year.”

The biggest development deal in the history of the state!  Love it when the news keeps getting better.  Now I’d like to see the media start talking about how this will positively effect the housing market.  If you are a homebuyer or investor, and are trying to time the market bottom, you may not want to wait any longer! 

Until then, I will continue to blog about it!