Friday, May 12, 2006

Company building duplexes near Falcon went bankrupt

QUESTION: Several years ago, a housing tract of duplexes started being built just west of Falcon Elementary School. Now it sits untouched, undone, tarps being destroyed by wind and weather and seems to be going nowhere. What is the story behind this mess and what is the future?
- K. Voss

ANSWER: It was being developed by Mile High Capital Group, and the company is now in bankruptcy. Complaints were filed in Denver District Court in February and two executives of the company were ordered to stop business operations after being accused of selling securities without a license and being in violation of Colorado’s anti-fraud laws. No further development is possible until this is cleared up.


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