Town of Telluride v. Lot Thirty-Four Venture, L.L.C.

Telluride's (defendant) ordinance required new-construction developers to choose among four affordable-housing options, two of which -- new fixed-rental-rate housing and deed-restricted rentals -- mandated baseline rents and capped future increases; Lot Thirty-Four (plaintiff) sued to enjoin the ordinance as violating Colorado's statutory ban on municipal rent control, and the district court ruled for the town before the appellate court reversed.