COLORADO – Homeowners Left With Sinking Houses Finally Allowed To Tell Story
CBSDENVER: Homeowners Left With Sinking Houses Finally Allowed To Tell Story
The homes were built on evaporite, a soil that has been linked to sinkholes and subsidence in parts of Western Colorado.
By Matt Kroschel
December 10, 2015
GLENWOOD SPRINGS, Colo. (CBS4)– This is a story about sinking homes, a seven year legal battle with developers, and disappointment.
Homeowners at a golf course subdivision near Glenwood Springs recently won the lengthy legal battle with the builders who constructed homes on top of sinking soils, leaving many homes literally cracking in half and some condemned.
The recently awarded nearly $9 million settlement to 20 homeowners at the Ironbridge subdivision determined that the developer of the homes, a Lehman Brothers subsidiary, was responsible for damage. But that settlement is far from fair, according to those people left stuck in broken homes. Read more: