Thieves steal wooden from development website in Denver as materials prices soar as a result of shortages – CBS Denver
DENVER (CBS4) – Thieves targeted a construction site near Colorado Boulevard and Colfax Avenue in Denver early Sunday morning. Surveillance cameras show them getting away with $ 5,000 worth of wood.
“It was 6 o’clock in the morning. You stole wood and were in or out, I don’t know, 10 or 15 minutes?” said Kyle Arienta, owner of Precision Design, a renovation and construction company hired on the project. “Seven months ago it was probably worth $ 1,500 and they probably wouldn’t want to steal it.”
Arienta also lives one block from the construction site. He says plywood prices are up 200% year over year due to the persistent lack of wood.
“Besides being difficult to get, I could see why a thief would want access to it,” said Arienta. “It would likely have a fast cash market for smaller builders willing to pay cash.”
The wood was tied behind a secure fence. Arienta said it was more than just stolen supplies.
“You have to buy it again. You have to plan the deliveries, in which case it rained, it was even more of a delay. The site got messy so it got kind of out of control, ”Arienta said. “A $ 5,000 theft could have been roughly $ 7,500, with the delays and what we had to pay the unemployed.”
Arienta has now lost thousands of dollars advising homeowners and contractors on the same situation.
“Make sure you have insurance,” said Arienta. “Make it hard for them to steal it.”
Arienta filed a report with the Denver Police Department.
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