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Colorado - FRI. 02/24/17
A Free Business Publication from Alpine Bank
 
 
ENCANA TAKES NEW LEASE IN DENVER THROUGH 2026
 
 
 

Encana USA has been selling off its gas and oil properties in the Denver-Julesberg Basin, but the Calgary-based company still plans to remain a major presence in Denver. Encana has signed a lease to keep its main U.S. office in Denver through 2026, occupying about 334,000 square feet in the Republic Plaza, the home for the company since 2004. The USA office in Denver will continue to oversee the U.S. operations, which now are in the Permian Basin and Eagle Ford in Texas. The Denver workforce currently numbers about 650.

 
- Denver Post, 02.23.17
 
BOULDER'S SLAMDATA GETS $6 MILLION BOOST
 
 
 

SlamData, the Boulder-based company that produces a software product that allows users to analyze data without knowing or having a background in computer code, announced Wednesday that it raised $6.7 million in a funding round led by Shasta Ventures of Menlo Park. The software offers one program for users to explore and analyze unstructured data sources from NoSQL, Hadoop and cloud APIs. Previously, programmers had to build their own software to analyze data from multiple sources. SlamData plans to use the funding to double its workforce to 30 employees.

 
- Denver Post, 02.23.17
 
7 EARTH-SIZED PLANETS DISCOVERED, LIFE SUPPORT POSSIBLE
 
 
 

A team of European astronomers announced the discovery of a nearby solar system with seven Earth-sized planets, three of which circle their parent star, known as TRAPPIST-1, at the right distance for liquid surface water, raising the prospect for life. TRAPPIST-1 is located about 40 light years away from Earth in the constellation Aquarius. It is small, about 8 percent of the size of our sun, but the three planets are located in the so-called "habitable zone." Astronomers say even if the planets do not have life now, it could evolve.

 
- Reuters News Service, 02.23.17
 
HISTORICAL SOCIETY: VISION IN ACTION
 
 
 

The Glenwood Springs Historical Society followed up its online Vision in Action survey with two community meetings Wednesday designed to help map out the future of the museum. The existing museum, at 1001 Colorado Avenue, is overcrowded, outside the downtown retail area and has difficulty in securing grants because it is not on a historic registry. There were about 300 responses to the online survey which revealed almost a quarter (23.0 percent) of the respondents have never visited the museum. Fifty-three percent of the respondents had never attended the Ghost Walk, one of the museum projects that makes money. There was general agreement by respondents, 72.9 percent, that history is an essential component of Glenwood Springs’ tourism.

 
- GS Post-Independent, 02.23.17
 
ENERGY MANAGEMENT FORUM AT CMU
 
 
 

The Unconventional Energy Center at Colorado Mesa University, with the Consumer Energy Alliance, West Slope Colorado Oil and Gas Association and Chevron, will host the Energy Management Forum Friday at the University Center at CMU. The forum is open to the public and will feature a panel with speakers from Nucor Corp., G2X Energy and the Jordan Cove Project. Nucor is a steel company hoping to use natural gas for steel production and G2X Energy is working to convert natural gas into higher value transportation fuels.

 
- GJ Daily Sentinel, 02.23.17
 
TOO WARM, TOO SOON?
 
 
 

As the month comes to an end, February is on track to be the warmest February on record in Grand Junction and actually warmer than March normally is. Fruit growers in the Grand Valley are hoping for a change soon to bring back the normal, colder weather as some apricot trees are beginning to bud. Although the apricots are ahead of schedule, that is not too uncommon, with apricots actually blooming on Feb. 28 a few years ago. The forecast calls for cooler temperatures to return by the end of the week.

 
- GJ Daily Sentinel, 02.23.17
 
BROADBAND BILL DIES IN COMMITTEE
 
 
 

Senate Bill 81, sponsored by Sen. Kerry Donovan, D-Vail, which would have moved funds away from the deployment of telephone lines in support of expanding broadband access in rural Colorado, was killed 5-2 by the Senate Business, Technology and Labor Committee. The bill did not have an accurate fiscal note attached, which outlines the budgetary impact of the measure, and that caused some members to vote against it.

 
- Durango Herald, 02.23.17
 
STEADMAN CLINIC, VVMC CUT THE RIBBON ON $68M EXPANSION
 
 
 

On Wednesday, The Steadman Clinic and Steadman Philippon Research Institute cut the ribbon formally dedicating the $68 million, 26,056-square-foot expansion at the Vail Valley Medical Center. The facility includes a new Steadman Clinic plus the Steadman Philippon Research Institute's surgical skills lab, robotics lab, regenerative medicine lab, biomotion lab and new administrative offices. The new fourth-floor facility features signed memorabilia from the many professional athletes who have had surgery at the Steadman Clinic. Tom Brady has a signed jersey thanking the clinic, as well as Pele, Yao Ming, Jacoby Ellsbury and even ballet star Wendy Whelan.

 
- www.vaildaily.com, 02.23.17
 
VAIL PD WARNS OF FRAUDULENT LIFT TICKET SALES
 
 
 

The Vail Police Department is warning skiers and snowboarders to beware of fraudulent lift ticket sales being promoted online. There has been a whopping 875 percent increase in cases reported to the Vail PD. Last year, at this point in the season, there had been 4 cases reported; so far this year there have been 39. A single-day, adult lift ticket currently costs $189 at Vail. Using a fraudulent ski lift ticket carries a maximum fine of $999 and 180 days in jail. Before responding to any lift ticket offer, guests are reminded that Vail Resorts is the only authorized retailer of ski passes on Vail Mountain.

 
- www.vaildaily.com, 02.23.17
 
FORBES NAMES NEW FIVE-STAR HOTEL SELECTIONS
 
 
 

Forbes Travel Guide Wednesday added 22 hotels to its prestigious list of Five-Star properties, bringing to 175 the total number of hotels with the Five-Star designation. Forbes rates properties in 42 countries throughout the Americas, Europe and the Asia-Pacific region. The international destinations rated for the first time in 2017 included: Bali, Barcelona, Bogota, Budapest, Cartagena, County Kildare in Ireland, Dublin, Kyoto, Lima, Lisbon, Manila, Melbourne, Monte Carlo, Munich, Osaka, Santiago, Seoul, St. Tropez, Sydney, Venice, and Zurich. Next year, Forbes plans to add the Middle East and Africa to its list of rated destinations. Forbes also named 76 new Four-Star hotels and 83 new hotels in its Recommended category.

 
- USA TODAY, 02.22.17
 
LIKE SITTING IN TRAFFIC? GO TO…
 
 
 

Most congested cities in the world in 2016, with peak hours spent in congestion and percentage of total drive time in congestion:

  1. Los Angeles: 104 hours in congestion; 12.7 percent total drive time in congestion
  2. Moscow: 91: 25.2 percent
  3. New York: 89; 12.8 percent
  4. San Francisco: 83; 12.8 percent
  5. Bogota: 80; 31.8 percent
  6. Sao Paulo: 77; 20.8 percent
  7. London: 73; 12.7 percent
  8. Atlanta: 71; 10.0 percent
  9. Paris: 65; 11.4 percent
  10. Miami: 65; 8.7 percent
 
- INRIX, 02.20.17
 
FORBES NEW FIVE-STAR HOTELS FOR 2017
 
 
 
  • Belmond Hotel Cipriani, Venice
  • Crown Towers Melbourne, Australia
  • The Darling, Pyrmont, Australia
  • Faena Hotel Miami Beach
  • Fairmont Grand Del Mar, San Diego
  • Four Seasons Hotel Gresham Palace Budapest
  • Four Seasons Resort Bali at Jimbaran Bay
  • Four Seasons Resort Bali at Sayan
  • Grand-Hôtel du Cap-Ferrat, A Four Seasons Hotel, Côte d'Azur, France
  • 41 Hotel 41, London
  • Mandarin Oriental, Barcelona
  • Mandarin Oriental, Taipei
  • Marco Polo Ortigas Manila
  • Portrait Roma, Lungarno Collection, Rome
  • The Resort at Pedregal, Cabo San Lucas
  • Ritz Paris
  • The Ritz-Carlton Beijing, Financial Street
  • The Ritz-Carlton Macau
  • Sky Tower at Solaire Resort and Casino, Manila
  • Solage, An Auberge Resort , Calistoga, Calif.
  • The St. Regis Bahia Beach Resort, Puerto Rico
  • The Villas at Ayana Resort , Bali
 
- USA TODAY, 02.22.17
 
 
 
MARKET UPDATE - 02/23/2017 Close
 
(Courtesy of Alpine Bank Wealth Management*)
 
 
Close
Change
Dow Jones Industrials
 
20775.60
 
+32.60
 
S&P 500
 
2362.82
 
-2.56
 
NASDAQ
 
5860.63
 
-5.32
 
10-year Treasury yield
 
2.41
 
-0.02
 
Gold (CME)
 
1232.00
 
-5.50
 
Silver (CME)
 
17.94
 
-0.05
 
Oil (NY Merc)
 
53.59
 
-0.74
 
Natural Gas ($/MMBtu)
 
2.59
 
+0.03
 
Cattle (CME)
 
121.30
 
+2.20
 
Prime Rate
 
3.75
 
NC
 
Euro (per U.S. dollar)
 
0.94
 
NC
 
Canadian dollar (per U.S. dollar)
 
1.31
 
NC
 
Mexican peso (per U.S. dollar)
 
19.89
 
-0.07
 
30-year fixed mortgage rate (Freddie Mac 02/16/2017)
 
4.15
 
-0.02
 
*Not FDIC insured. May lose value. Not guaranteed by the bank.
 
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