Grand Junction Blog

The bad economic and housing statistics continue to get worse for Mesa County, Colorado. Mesa County led the 11 Front Range counties in foreclosures, both initiated and completed (of the 12 most populous counties in Colorado).

The million-dollar-plus real estate market is projected to take a huge hit in 2010. The luxury resort ski-town market is no exception. Steamboat Springs, Colorado will see a significant auction of luxury condos in March.

The natural gas lobby has seized on an often-used and effective public relations tactic of connecting the coasts of the US. It needs to be possible to drive from coast to coast using natural gas as the only fuel.
Currently, the only geographic area that prevents that is from Denver to Price, Utah or Cedar City Utah. There are no commercial natural gas stations here. This is especially troublesome when it’s noted that we have the largest natural gas reserves in the country.

Grand Junction realized a few years ago that a new, more contemporary and flexible land-use plan was necessary for Grand Valley Growth. To their credit, they are trying harder to plan for energy development dollars better this time around than in the early 1980s that witnessed the Black Sunday local economic crisis.

What a difference a year makes. As our petroleum drilling undustry goes, so goes the vacancy rate in the Grand Valley and Grand Junction, Colorado. One year ago, we had the lowest vacancy rate in Colorado. Now, one year later, the highest vacancy rate in the state.