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Colorado - Mon. 07/10/23 |
A Free Business Publication from Alpine Bank
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MAINTENANCE ON EISENHOWER/JOHNSON TUNNELS WILL CAUSE NIGHTTIME CLOSURES
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The Colorado Dept. of Transportation announced that work in and around the Eisenhower/Johnson Tunnels on Interstate 70 began Sunday, July 9 and will continue for about a year, with the scheduled completion in the summer of 2024. The work includes overhead Variable Message Signs and Closed-Circuit Television from mile point 213.11 to mile point 216.18 in and directly around the Eisenhower/Johnson Memorial Tunnel. These tools are used for monitoring traffic flow and incidents, displaying information for travelers, and making the tunnel as efficient and safe as possible. The work will require overnight full closures of one bore/direction of the Eisenhower Tunnel Sunday-Thursday nights between 10 p.m. and 5 a.m. Only one tunnel bore will be closed at a time. Travel will continue for both directions through the open bore with traffic stops and alternating traffic. Travelers can anticipate 20-minute delays. There will be no closures on weekends.
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FINDING A LAWYER IN RURAL COLORADO IS DIFFICULT
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In the Denver metro area, it seems there are lawyers everywhere, but in some places in rural Colorado it is difficult to find any. The American Bar Association considers areas with fewer than one attorney for every 1,000 residents to be "legal deserts." There are 23 counties in Colorado that have fewer than one attorney for every 1,000 residents. There are no active attorneys with a registered address in Bent, Costilla, Crowley or Hinsdale counties. In Denver, on the other hand, there are 13 attorneys for every thousand residents. Pitkin County has 12 for every thousand, and in Boulder County, there are five per thousand.
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MAJOR STORM HITS NORTHEAST
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The National Weather Service said Monday that there was "a considerable flood threat with a high risk of excessive rainfall expected across much of New England." The NWS in Burlington, Vermont said, "This is a very rare event not only for the North Country but for the U.S. as a whole. Considerable to catastrophic flash flooding is likely to occur over portions of our forecast area through Monday." Heavy rain caused extreme flooding in the Hudson Valley in New York, killing at least one person. New York governor Kathy Hochul declared a state of emergency at 9 p.m. Sunday for Orange County, about 8 miles north of New York City, where about 8 inches of rain poured down. More than 1,000 flights scheduled to fly into or out of LaGuardia, John F. Kennedy or Newark airports had been canceled as of Sunday night, according to FlightAware.
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APARTMENTS APPROVED ON PROPERTY OF FORMER SUGAR BEET FACTORY
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The city of Grand Junction has approved the development of five apartment buildings with a total of 164 units along Riverside Parkway on the property of the old sugar beet factory across from Las Colonias Park. The old red-brick sugar beet factory will remain on the site. The proposal includes four 36-unit apartment buildings and one 20-unit building. There are four apartment buildings planned to the west of the sugar beet building and the final building to the east. There are also storage units and RV storage space planned for the eastern side of the property.
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CPW: WAKELESS WEDNESDAYS PROVE TO BE A BIG HIT
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More than two years ago, in January 2021, Colorado Parks and Wildlife considered a proposal to create “Wakeless Wednesdays” at Highline Lake State Park in Mesa County. CPW approved the proposal. During Wakeless Wednesdays, no boat or watercraft is allowed to operate at speeds that create a wake. Now in its second summer, Park Manager Alex Martinez said, “Wakeless Wednesday is a huge hit.” According to Martinez, “Last year, Wednesdays weren’t just a little busier than the other weekdays, it was like twice as busy as the other weekdays.”
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ALL POINTS TRANSIT TO LAUNCH MONTROSE-OLATHE-DELTA EXPRESS
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Today, Monday, July 10, All Points Transit will begin a new bus service connecting Montrose, Olathe and Delta. From Monday through the end of August, All Points Transit will be offering the service free of charge, in conjunction with the state’s Zero Fare for Better Air campaign. The Montrose public bus will also be free. The new All Points Transit service will operate between the communities from 7 a.m. to 5 p.m., Monday through Friday. All Points Transit will begin charging fares on Sept. 1. The expected fares are $4 each way for adults and $2 each way for youth, students, veterans, older adults and persons with disabilities. Punch passes and monthly pass options will be available.
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STAGE 1 FIRE RESTRICTIONS NOW IN PLACE IN LA PLATA COUNTY
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La Plata County has instituted Stage 1 fire restrictions effective today, Monday, July 10. Under Stage 1 restrictions, the use of fires, campfires, wood or coal-burning stoves, or any open fire in unincorporated areas of the county are prohibited. The use of charcoal or gas barbeque grills at private houses or fires in designated campgrounds or in metal fire rings with a grate cover on private property is permitted.
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LA RAZA PARK BECOMES DENVER’S THIRD CULTURAL HISTORIC DISTRICT
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Last week, the Denver City Council voted unanimously to make La Raza Park Denver’s third cultural historic district. The park, which covers one block at West 38th Ave. and Navajo St., has been a historic part of the development of Denver. Denver’s north side was originally the site of Denver’s thriving Italian community and the city acquired the land at 38th and Navajo in 1906 as a park site for the Italian community.
In 1931, it was named Columbus Park and a pool was located there about 10 years later. As demographics changed, the Latino community grew up in the area after the war, between 1945 and 1990. In the application for its historic designation, La Raza was identified as “an incubator for Chicano and Latino culture,” with the park the gathering place for events, celebrations and organizing civil rights rallies for Chicanos. The locals convinced the city of Denver to turn the pool over to local residents in 1970.
In 1990, the iconic Kiosko was dedicated. The Kiosko is a structure modeled after an Aztec pyramid. With the Kiosko and plaza, more formal gatherings took place, including ceremonial dances, Día de los Muertos memorials and La Raza Park Day. However, a move to rename the park La Raza failed in 1988 and it took until 2020 for the city to officially change the name to La Raza Park.
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COMPARING INCREASE IN RENTS VS INCOME, DENVER WAS FIRST, OR WORST
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A study from Real Estate Witch, a subsidiary of Clever Real Estate, looked at the growth in rental rates versus the growth in income in the 50 largest metropolitan areas in the U.S. from 2009 to 2021. Denver had the largest percentage difference between the increase in median rent vs the income increase. Denver rent increases topped income gains by 71 percent. Those cities with biggest change:
- Denver: 71 percent
- Las Vegas: 57 percent
- Charlotte, N.C.: 56 percent
- Seattle: 55 percent
- Atlanta: 53 percent
- The median monthly rent in Denver went from $856 a month in 2009 to $1,554 a month in 2021
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MARKET UPDATE - 07/07/2023 Close
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(Courtesy of Alpine Bank Wealth Management*)
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Canadian dollar (per U.S. dollar)
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Mexican peso (per U.S. dollar)
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30-year fixed mortgage rate (Freddie Mac 07/06/2023)
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*Not FDIC insured. May lose value. Not guaranteed by the bank.
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Alpine Bank is an independent, employee-owned organization with headquarters in Glenwood Springs and banking offices across Colorado's Western Slope, mountains and Front Range. Alpine Bank serves customers with retail, business, wealth management*, mortgage and electronic banking services. Learn more at alpinebank.com.
*Alpine Bank Wealth Management services are not FDIC insured, may lose value and are not guaranteed by the bank.
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