Colorado - TUE. 05/04/21 A Free Business Publication from Alpine Bank Print Version Print View Online Webpage
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COLORADO SUN, NONPROFIT PARTNER BUY 24 COMMUNITY NEWSPAPERS

 
 
 

The Colorado Sun, a digital, online news operation founded in 2018 by journalists who left the Denver Post, has partnered with the National Trust for Local News, a national nonprofit, to buy 24 weekly and monthly newspapers serving eight counties including and surrounding Denver. The papers of Colorado Community Media have some 330,000 readers and range from Castle Rock to Brighton, Evergreen to Arvada, Parker to Denver’s Washington Park. The Colorado Sun and the National Trust will own and operate these newspapers together under the new title of Colorado News Conservancy. Check out the new site coloradonewsconservancy.com.

 
- Associated Press, 05.04.21
 

DENVER CITY COUNCIL: LANDLORDS IN THE CITY WILL NEED RENTAL LICENSES

 
 
 

The Denver City Council Monday unanimously approved a new law that will require Denver landlords to hold long-term rental licenses for each of their properties by 2023 or 2024. The requirement will be part of a major overhaul of the city's licensing department. Under the new law, before receiving a license, landlords must have their properties examined by certified inspectors. Landlords renting two or more units on a single property, like apartments and row homes, must obtain licenses by Jan. 1, 2023; it’s a year later for landlords who rent single living spaces like homes or accessory dwelling units.

 
- Denver Post, 05.04.21
 

WYOMING WORKING TO PROTECT COAL PRODUCTION

 
 
 

As Colorado and most states make efforts to boost renewable energy, Wyoming is working hard to protect and prop up its dwindling coal industry by suing other states that block exports of Wyoming coal and cause Wyoming coal-fired coal plants to shut down. A new bill signed into law creates a $1.2 million fund to bring litigation against other states. Wyoming coal production accounts for about 40 percent of the nation's total, but has been in decline as utilities switch to natural gas to generate electricity or convert to solar and wind power. Constitutional experts say state vs. state lawsuits over coal face long odds.

 
- Denver Post, 05.04.21
 

VERIZON SELLS YAHOO, AOL TO APOLLO

 
 
 

Verizon Communications Inc. has agreed to sell Yahoo and AOL to Apollo Global Management Inc. for about $5 billion. Apollo is a private-equity firm and it will pay $4.25 billion in cash for a majority stake in the media assets and will provide Verizon with interests in the businesses totaling $750 million. In addition, Verizon will keep a 10 percent stake in a new company, called Yahoo, that will be formed to operate the business. Verizon acquired AOL in 2015 and Yahoo in 2017, but was never able to keep up with Google, Facebook and Amazon.com in the highly competitive media business.

 
- Wall Street Journal, 05.03.21
 

NEW TRAIL TO CONNECT RED HILL TRAIL NETWORK TO SUTEY RANCH

 
 
 

The Roaring Fork Outdoor Volunteers, the Red Hill Council and Roaring Fork Mountain Bike Association are teaming up to construct a short 3-mile trail that will connect the Red Hill Special Recreation Management Area with the Sutey Ranch trail network. The new connector will provide new access and hopefully relieve pressure at the Red Hill trailhead at Highways 133 and 82, by providing access to Red Hill from the Sutey Ranch trailhead.

 
- Aspen Times, 05.04.21
 

REAL ESTATE IN EAGLE COUNTY HAS NOT COOLED OFF IN 2021

 
 
 

In 2020, real estate sales in Eagle County totaled more than $3 billion. The first quarter of 2021 showed no slowdown in real estate sales, and in March, for the first time there were more out-of-state buyers (85) than those from Eagle County (83). From January through March, there were 545 transactions, totaling more than $760 million. Through March, local buyers, i.e., those from Eagle County, still comprise the biggest share of buyers, 42 percent. Out-of-state buyers moved into second-place in the first quarter, making up 35 percent of sales. In March, there were seven sales of homes priced at $5 million or more.

 
- www.vaildaily.com, 05.04.21
 

VAIL TO HOST HARD TO RECYCLE EVENT MAY 14

 
 
 

The town of Vail will host its biannual Hard to Recycle event on Friday, May 14 from 10 a.m. to 3 p.m. at the Ford Park parking lot. The recycle event scheduled for November 2020 had to be canceled due to the COVID-19 pandemic. The Hard to Recycle event allows the drop-off of electronic waste and household hazardous waste. There also will be paper shredding services and, this year, yard waste will be collected.

 
- www.vaildaily.com, 05.04.21
 

THE FRISCO PEDESTRIAN PROMENADE WILL RETURN THIS SUMMER

 
 
 

At a work session of the Frisco Town Council on April 26, town officials directed town staff to proceed with the pedestrian Main Street program, Pedestrian Promenade, this summer, beginning June 18. The promenade will again allow businesses to expand seating and retail space onto Main Street and create a pedestrian-friendly downtown area. Town officials say that if all restrictions related to COVID-19 are removed, the plans for the Promenade could be changed.

 
- Summit Daily, 05.04.21
 

FRIENDLIEST TOWNS IN AMERICA

 
 
 

Expedia has released its list of the USA's Friendliest Towns 2021, as ranked by Expedia travelers:

  1. Whitefish, Montana
  2. Sister Bay, Wisconsin
  3. Manitou Springs, Colorado
  4. Easton, Maryland
  5. Lihue, Hawaii
  6. Sierra Vista, Arizona
  7. Kennebunkport, Maine
  8. Chincoteague, Virginia
  9. Ogunquit, Maine
  10. Provincetown, Massachusetts
 
- Expedia.com, 03.15.21
 

MESA CO. MOBILE COVID-19 VACCINATION CLINIC

 
 
 

Mesa County Public Health, in partnership with the Colorado Dept. of Public Health and Environment, has announced dates and locations across Mesa County where residents can get a COVID-19 vaccine free of charge and without an appointment at a Mobile COVID-19 Vaccination Clinic. Mobile vaccinations will be available in locations from De Beque to Gateway, Fruita to Palisade, and on the Grand Mesa in Collbran. Vaccines at the mobile clinics are available to residents of any Colorado county and no health insurance or ID is required. Appointments are encouraged in advance but are not mandatory. Individuals more comfortable scheduling an appointment on the phone can call 970-248-6900 and press option 7. A dedicated Spanish-language line is also available by calling 970-255-3700. For a complete schedule, click on the link below.

 
- Mesa County Public Health
 

HIGHBALLS & HANDBAGS FOR ST. MARY'S

 
 
 

The Friends of St. Mary’s Hospital, in conjunction with the St. Mary’s Foundation, are hosting Highballs & Handbags, a GNO vintage 50’s style fundraising event on June 12 from 4 to 7:30 p.m. at the Doubletree Hotel in Grand Junction. Donations are being sought for new and gently used handbags that will be available for purchase and silent auction. Donations will be accepted through May 28 at these drop of locations:

  • Bank of Colorado – 200 Grand
  • Crossroads Fitness - 2768 Compass Drive
  • Hormone Health and Wellness – 1190 Bookcliff #202
  • Rivers End Dental – 532 Raptor Rd., Fruita

For more information, or tickets, call 970-298-2478 or visit the link below.

 
- St. Mary's Hospital Foundation
 

VOLUNTEERS NEEDED TO HELP WITH RIPARIAN RESTORATION

 
 
 

The Middle Colorado Watershed Council and the Colorado Natural Heritage Program are looking for volunteers to sign up for one or more of eight days of riparian restoration to plant native vegetation along the banks of Rifle Creek. Help get 3,700 native plants in the ground on any day(s) between May 8-16. Registration is required as spots are limited (social distancing followed). Ask your friends to sign up too, and bring gloves and water. Tools will be provided and lunch is included. This project will help restore ecosystem functions on Rifle Creek. Local community members, students, natural resource buffs, local landowners, gardeners, master gardeners, water professionals, and anyone interested in river health can be involved and follow the results of these efforts for years to come. Sign up at the link below.

 
- Middle Colorado Watershed Council
 

LPOSC SPRING RAFFLES

 
 
 

Two spring raffles available now that benefit the La Plata Open Space Conservancy: Explore the outdoors with your own Alpacka Raft or bring your friends to play golf at the scenic Dalton Ranch. For only $10 a ticket, the $595-value packraft or the $500-value golf package can be yours! Five tickets are only $40. And remember, by purchasing tickets you directly support the Conservancy’s work to protect Southwest Colorado's open landscapes. A big shout-out to Alpacka Raft and Dalton Ranch, for their generous donations. Raffle tickets are available online on the Conservancy’s website until May 7, 10 a.m. The drawing will take place the same day at noon. Learn more and buy raffle tickets now at lposc.org. For more information, call 970-259-3415.

 
- La Plata Open Space Conservancy
 
 
 
 
 
 
 
 
MARKET UPDATE - 05/03/2021 Close
 
(Courtesy of Alpine Bank Wealth Management*)
 
 
Close
Change
Dow Jones Industrials
 
34113.23
 
+238.38
 
S&P 500
 
4192.66
 
+11.49
 
NASDAQ
 
13895.12
 
-67.56
 
10-year Treasury yield
 
1.60
 
-0.03
 
Gold (CME)
 
1791.40
 
+24.10
 
Silver (CME)
 
26.94
 
+1.09
 
Oil (NY Merc)
 
64.49
 
+0.91
 
Natural Gas ($/MMBtu)
 
2.96
 
+0.03
 
Cattle (CME)
 
115.30
 
-1.27
 
Prime Rate
 
3.25
 
NC
 
Euro (per U.S. dollar)
 
0.82
 
-0.01
 
Canadian dollar (per U.S. dollar)
 
1.22
 
NC
 
Mexican peso (per U.S. dollar)
 
20.17
 
-0.07
 
30-year fixed mortgage rate (Freddie Mac 04/29/2021)
 
2.98
 
+0.01
 
*Not FDIC insured. May lose value. Not guaranteed by the bank.
 
 
 
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