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Colorado - FRI. 05/26/17
A Free Business Publication from Alpine Bank
 
 
ALPINE BANK CLOSED FOR MEMORIAL DAY
 
 
 

All Alpine Bank branches will be closed Monday, May 29 in observance of Memorial Day. You can still bank with us anytime, anywhere using Alpine Online at www.alpinebank.com, AlpineMobile or by calling the Alpine InfoLine at 888-4-ALPINE (888-425-7463). For a complete list of bank holidays, click on the link below.

 
- Alpine Bank
 
DONE DEAL: SIA, OUTDOOR RETAILER – ONE SHOW IN DENVER IN JAN.
 
 
 

Emerald Expositions will acquire Snowsports Industries America’s annual Snow Show trade show and a combined Outdoor Retailer + Snow Show will be rolled out in January in Denver. It will be the largest outdoor and winter-sports exposition in North America. Outdoor Retailer still is under contract with Salt Lake City for winter and summer trade through 2018. Following the $16.7 million acquisition of SIA's Snow Show, Denver is expected to host Emerald's summer and winter Outdoor Retailer trade shows, as well as the company's Interbike trade show and Outdoor Retailer's new soft goods, outdoor apparel trade show set for November.

 
- Denver Post, 05.26.17
 
COLORADO RANKS HIGH AS "DYNAMIC ECONOMY"
 
 
 

Colorado has become a magnet for newcomers seeking jobs or changing jobs and the Economic Innovation Group's Index of State Dynamism rates Colorado the fourth-highest dynamic state in terms of its state economy. Colorado ranks behind only Nevada, Utah and Florida on the index, which measures the ability of an economy and its population to adapt to changing conditions. Factors considered include: share of adults participating in the workforce, rates of job switching, cross-state migration, and new business formations.

 
- Denver Post, 05.26.17
 
SOME 3,000 WORKERS FROM COLORADO MILLS LOOKING FOR WORK
 
 
 

With only two businesses reopened, there are still some 3,000 workers out of work after a hail storm and resulting water damage forced the closure of most of the stores at Colorado Mills. The owners of the mall have set up a website to help employees, including listings for hundreds of jobs at companies including Safeway, Walmart and Omni Hotels.

 
- Denver Post, 05.26.17
 
GLENWOOD SPRINGS LOSES AN ICON: HANK BOSCO DIES
 
 
 

Glenwood Springs lost one of its most treasured native sons with the passing of Henry "Hank" Bosco, longtime Glenwood Hot Springs executive, philanthropist and civic leader, who died Monday at Heritage Park Care Center in Carbondale at the age of 94. Hank Bosco was born in 1922 in Glenwood Springs to Italian immigrant parents and grew up in his parents' hotel, the Star Hotel on Seventh Street. He also worked at the Denver Hotel after his father purchased it and later became general manager of the Hot Springs Pool after his family teamed with other locals to take over the pool. In 2015, the Glenwood Springs City Council honored Bosco for his lifetime achievements with a state-issued proclamation declaring April 17 as Hank Bosco Day.

 
- GS Post-Independent, 05.26.17
 
HIGHWAY 82 UNDERPASS IN BASALT LIKELY DONE EARLY
 
 
 

In March, work on the pedestrian underpass on Highway 82 in Basalt was two weeks behind schedule. Now, officials of the Roaring Fork Transportation Authority say the $7.14 million project is not only back on schedule, but likely to be ready early in August instead of by the time school starts, which was the planned opening date. Once pedestrians can begin using the tunnel instead of surface sidewalks, the roadwork affiliated with the project can begin and the roadwork includes extensive repaving.

 
- Aspen Times, 05.26.17
 
LITTLE SALT WASH TRAIL WINS STARBURST AWARD
 
 
 

The $1.2 million Little Salt Wash Trail opened last July and the town of Fruita received a $320,500 Great Outdoors Colorado grant toward the costs of the project. The Colorado Lottery provides funding for GOCO and the Colorado Lottery recognized the Little Salt Wash Trail with one of its 11 Starburst Awards. The Little Salt Wash Trail is short, only eight-tenths of a mile, but it allows non-motorized access under Interstate 70, U.S. Highway 6 and the Union Pacific Railroad to connect Fruita with the James M. Robb Colorado River State Park.

 
- GJ Daily Sentinel, 05.26.17
 
USFS WILL REVISE PLAN FOR GMUG
 
 
 

The U.S. Forest Service has announced plans to revise the Forest Service Strategic Plan for the Grand Mesa, Uncompahgre and Gunnison public lands. The original strategic plan was drafted in 1983 and the last revision was in 2006. Topics to be covered include examining which forest areas are suitable as wilderness and which are considered recreation areas and the study will also detail the resources available for forest revegetation and vegetation management. The first phase of the revised plan is due by the end of this year.

 
- Telluride Daily Planet, 05.26.17
 
ELECTRA LAKE OPENS SATURDAY
 
 
 

Electra Sporting Club and the Public Service Co. of Colorado announced that Electra Lake will open to the public for the Memorial Day weekend on Saturday. There will be restrictions to prevent infestation by invasive species. The will be a new invasive-species inspection and wash-down station and it will be used to clear all boats, kayaks, canoes, paddle-boards, sailboats, inner-tubes and other personal equipment used at the lake. However, until the new inspection station is completed, the only watercraft allowed at the lake will be boats inspected and tagged in Colorado before 2017 or new material in the packaging or any craft demonstrated to have never been used in water.

 
- Durango Herald, 05.26.17
 
AMERICAN AIRLINES: DAILY SERVICE TO EAGLE COUNTY
 
 
 

The EGE Air Alliance, the nonprofit group that seeks to build service to the Eagle County Regional Airport, announced this week that American Airlines will bring daily service from Dallas to EGE from June 2 through April 2, 2018. The service will operate through the fall offseason with subsidies, and AA will switch from 180-passenger Boeing 757 aircraft, used in the summer and the ski season, to 128-passenger Airbus 319 aircraft for the offseasons.

 
- www.vaildaily.com, 05.26.17
 
USFS LOOKING TO SMOOTH-THE-RIDE ON BUFFALO PASS
 
 
 

The U.S. Forest Service's Hahn's Peak/Bears Ears District is looking to secure funds to improve the condition of the Buffalo Pass Road (Forest Service Road 60) where it runs from Dry Lake Campground about seven miles to Summit Lake. The district office made application for $3.2 million in federal funds for the project, but only received $124,000 in funding. Those funds will be used for planning and preparation work for submitting a larger grant for funds to improve the road. The Forest Service would also like to expand the Dry Lake Campground.

 
- Steamboat Today, 05.26.17
 
THE YAMPA TAKES A SECOND SHOT AT HIGH WATER
 
 
 

On May 14, the Yampa River hit its peak this year of 2,030 cubic feet per second at the measurement site in Steamboat Springs. That is considerably below the peak of 3,880 cfs on June 9 last year. The Yampa has been flowing at a level below 1,000 cfs, but increased to 1,250 cfs on May 25 and is projected to be flowing above 1,550 cfs on June 1-3, in time for the 37th annual Yampa River Festival. The Yampa's seasonal high in Steamboat has topped 3,000 cfs seven of the past 10 years.

 
- Steamboat Today, 05.26.17
 
10 MORE PLACES TO CONSIDER FOR A SUMMER TRIP
 
 
 

USA TODAY identifies these as 10 locations for an affordable summer vacation, with some additional tips: travel on Tuesday or Wednesday for the cheapest air fares; July 9 is considered the most expensive day to fly this summer; airfare to Europe is cheaper than ever this summer:

  • Barcelona: Barcelona flights are 35 percent less than last summer
  • British Columbia: Canada is celebrating its 150th birthday this summer
  • Charleston, S.C.: Charleston will be the last place in the U.S. to experience the total solar eclipse on Aug. 21
  • Oakland, Calif.: Flights can be as low as $49 roundtrip from other California cities
  • Poland: roundtrip flights from major East Coast cities are around $700 this summer
  • Hilo, Hawaii: airfare is down 13 percent over last summer
  • Cartagena, Colombia: Kayak's 2017 Travel Guide named Cartagena as the top wallet-friendly flight destination
 
- USA TODAY, 05.25.17
 
ALPINE BANK CUSTOMER APPRECIATION DAY - GLENWOOD SPRINGS
 
 
 

Alpine Bank at 2200 Grand Ave. in Glenwood Springs will host a Customer Appreciation Day today from 11 a.m. to 2 p.m. Join us for BBQ hamburgers and hot dogs with side dishes from Vicco's Charcoalburger and the Route 6 Grill House! Alpine Bank has been voted the Local's Choice Best Bank in the Post Independent since 1999! To learn more about Alpine Bank, visit online at www.alpinebank.com.

 
- Alpine Bank
 
 
 
MARKET UPDATE - 05/25/2017 Close
 
(Courtesy of Alpine Bank Wealth Management*)
 
 
Close
Change
Dow Jones Industrials
 
21082.95
 
+70.53
 
S&P 500
 
2415.07
 
+10.68
 
NASDAQ
 
6205.26
 
+42.24
 
10-year Treasury yield
 
2.26
 
+0.01
 
Gold (CME)
 
1255.80
 
+3.40
 
Silver (CME)
 
17.15
 
+0.07
 
Oil (NY Merc)
 
48.90
 
-2.46
 
Natural Gas ($/MMBtu)
 
3.18
 
-0.03
 
Cattle (CME)
 
123.92
 
+1.80
 
Prime Rate
 
4.00
 
NC
 
Euro (per U.S. dollar)
 
0.89
 
NC
 
Canadian dollar (per U.S. dollar)
 
1.34
 
NC
 
Mexican peso (per U.S. dollar)
 
18.53
 
+0.03
 
30-year fixed mortgage rate (Freddie Mac 05/25/2017)
 
3.95
 
-0.07
 
*Not FDIC insured. May lose value. Not guaranteed by the bank.
 
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Alpine Bank is an employee-owned Colorado company chartered in 1973. With 38 locations across Colorado, Alpine Bank offers a full suite of banking services.
24-hour Alpine Info-Line - 1.888.4.ALPINE (1.888.425.7463)
 
 
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