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Colorado - Tue. 10/03/23 |
A Free Business Publication from Alpine Bank
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MONARCH MOUNTAIN: NEW TERRAIN, PASS SALES SOAR
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Monarch ski area, in Chaffee County, saw visitation reach more than 210,000 in 2022-23, up from 140,000 when Bob Nicolls led his investment group to buy the 800-acre ski area in 2002. Monarch ski area pass sales more than doubled in the past three seasons. The Forest Service is reviewing a plan to expand Monarch’s ski terrain into No Name Basin. The proposal would add a fixed-grip four-pack chair accessing about 377 acres of north-facing slopes, with about 139 acres of developed glades and ski runs. The Monarch expansion is the first in 15 years to seek Forest Service permission to expand beyond the resort’s special-use permit boundary. There are more than 120 ski areas on Forest Service land, which account for 60 percent of the nation’s skier visits, and all those ski areas operate with a special-use permit that outlines boundaries for lift-served skiing.
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NOBEL PRIZE IN MEDICINE AWARDED
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Katalin Karikó and Drew Weissman won the Nobel Prize in medicine on Monday for an idea that pushed them to the fringes of the scientific establishment before it saved millions of lives during the pandemic. Karikó, a molecular biologist, and Weissman, an immunologist, realized during a chance encounter at a University of Pennsylvania photocopy machine in the 1990s that they could combine their work to explore how messenger RNA might produce effective drugs or vaccines. Their collaboration was met with skepticism by their colleagues and indifference in the scientific community. Karikó struggled to secure funding for her work. Years later, as drugmakers raced to develop vaccines against Covid-19, it was mRNA technology that powered widely used shots from Pfizer–BioNTech and Moderna. The Nobel committee credited Karikó’s and Weissman’s work with saving millions of lives.
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KAISER PERMANENTE COLORADO, UNION CONTINUES TALKS AHEAD OF POSSIBLE STRIKE
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Kaiser Permanente Colorado and the union representing almost half of its employees have agreed to continue talking ahead of a possible strike beginning Wednesday after they did not reach a deal over the weekend. The contract between a coalition of unions and Kaiser Permanente divisions around the country expired Saturday. Earlier in September, the unions announced they could go on strike from Oct. 4 to 6 if they don’t reach a new contract. In Colorado, that would mean about 3,000 technicians, office workers and licensed practical nurses affiliated with Service Employees International Union Local 105 could walk off the job for three days this week. About 6,800 people work at Kaiser Permanente Colorado, which has roughly 500,000 members and runs 33 medical offices in the state. Nationwide, about 75,000 workers could go on strike. It would be the largest strike by health care workers in U.S. history.
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FUNDING NEEDED TO REPAIR SINKHOLES
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East Mesa Ditch, a Carbondale ditch company, is looking for sources of funding after 30-foot-deep sinkholes caused a ditch to collapse in early September, cutting off water to downstream irrigators. The company pulls water from the Crystal River mostly to irrigate about 740 acres of hay and alfalfa south of Carbondale. The ditch operator, East Mesa Water Co., received approval Sept. 20 for an emergency loan up to $418,140 from the Colorado Water Conservation Board to pipe the ditch and relocate it away from the area prone to sinkholes. About 34 percent of the acres irrigated by the East Mesa Ditch are currently without water.
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LIGHTNING SPARKS PARACHUTE FIRE
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A fire started on Saturday near Parachute and quickly grew to 100 acres with high winds in the area on Sunday. The Morrisania Mesa was being fought mostly with local fire teams on Sunday. The fire was started Saturday by lightning, according to the Garfield County Sheriff’s Office. On Saturday, fire crews worked to protect a town home and an outbuilding on Garfield County Road 310, and the residents were forced to evacuate. The fire destroyed those two structures. Officials made the Garfield County Fairgrounds available to evacuees to bring any animals they have to move because of the fire.
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MARCHING BAND FESTIVAL RESULTS
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The 46th annual Colorado West Marching Band Festival competition had 12 bands, 11 from the Western Slope, competing at Stocker Stadium in Grand Junction on Saturday. For Class II, Delta High School took first place, followed by Montezuma Cortez High School. Palisade High School was first in Class III. Montrose High School took first in Class IV, followed by Grand Junction's Central High School. Fruita Monument took second place in Class V. This was the preparation festival for the CBA state qualifying event to be held on Thursday, Oct. 19, also at Stocker Stadium.
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TASP: ADVENTURES FOR EVERY ABILITY
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For over 25 years, the Telluride Adaptive Sports Program (TASP) has provided year-round programming that helps people of all ability levels get outside. The organization serves kids and adults living with cognitive, emotional and physical disabilities no matter what their ability is. TASP is already gearing up for a busy snow sports season, and its primary winter offering is individualized ski and snowboard lessons at Telluride Ski and Golf. Each lesson includes two volunteers per participant. Winter volunteers go through one day of online and two days of on-snow training. TASP representatives will be in Montrose today, Oct. 3 from 1 to 2 p.m. with an information tent at the pavilion near Riverbottom Park. Everyone, be they potential volunteers or participants, are encouraged to stop by and get more information. To learn more, visit tellurideadaptivesports.org.
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LAWSUIT TARGETS NEW CPW REGS FOR WILDLIFE AREAS
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A lawsuit, brought by a coalition of animal advocacy groups, argues that new regulations adopted in August by Colorado Parks and Wildlife commissioners for the 350 State Wildlife Areas offer preferential treatment for hunters and anglers. The new rules prohibit bikes but allow carts for hunters hauling wildlife. The new rules do not allow dogs, except for hunting dogs. Boaters cannot paddle kayaks, paddle boards or rafts unless they are fishing or hunting. The new regulations prohibit motorized travel in most locations but allow hunters to use ATVs and snowmobiles in select State Wildlife Areas. Horseback riders cannot access several State Wildlife Areas unless they are hunting. The Colorado Attorney General’s Office last week filed a response to the lawsuit, denying most of the claims.
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ALPINE QUEST SPORTS IN EDWARDS HAS A NEW OWNER
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Sean and Cory Glackin have sold Alpine Quest Sports which specializes in outdoor equipment, and which they’d been operating for about 20 years, to locals Jon and Wendy Rehnborg. The Glackins bought the Edwards-based, then-named Mountain Quest Sports in 2005 from other long-time locals Chris Amoroso, Craig Russum and Dave Skluzacek. Mountain Quest Sports evolved from The Sports Recycler, which was owned by another long-time local, Karm Trygg.
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OLDEST KNOWN LEVI'S JEANS SELL FOR $100K AT DURANGO VINTAGE FASHION FESTIVUS
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The oldest known pair of Levi’s jeans, dated back to at least 1873, sold at auction on Saturday evening for $100,000 to an anonymous bidder. The jeans headlined the 2023 Durango Vintage Festivus, an annual vintage fashion festival held this year at Tico Time River Resort in Aztec, N.M. Started by vintage fashion collector Brit Eaton last year, the four-day-long Festivus features pop-up food vendors, live music and a live auction of vintage clothing that can also be accessed online. The Festivus had major buyers such as the Smithsonian Museum and the Los Angeles County Museum of Art interested in the auction items.
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SMALL CITIES IN AMERICA: HOUSING COSTS
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One third of Americans (31 percent) say they would prefer to live in the suburbs, compared to 16 percent for urban areas and 24 percent for rural communities. One of the best perks of living in a city with a relatively small population is affordability. According to the Economic Policy Institute, the cost of living for a two-parent, two-child family in Hanford, California, for instance, would be $6,517 per month, compared with more than double at $13,252 for the same family in San Francisco. WalletHub compared more than 1,300 U.S. cities with populations between 25,000 and 100,000 based on 45 key indicators of livability. They range from housing costs to school-system quality to restaurants per capita.
Lowest Housing Costs:
- Southlake, TX
- Urbandale, IA
- Wildwood, MO
- Marion, IA
- Granger, IN
Highest Housing Costs:
- Beverly Hills, CA
- Lakewood, NJ
- West Lafayette, IN
- San Luis Obispo, CA
- Isla Vista, CA
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GET YOUR HOME READY FOR WINTER
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Garfield Clean Energy is hosting a series of free evening workshops for residents who want to learn how to lower their utility bills while making their home more comfortable. The first Get Your Home Ready for Winter event will be held at the Glenwood Springs Library on Wednesday, Oct. 4, from 5 to 6:30 p.m. The presentation will be repeated at the Rifle Library on Thursday, Oct. 12, again from 5 to 6:30 p.m. The workshops will cover energy- and money-saving strategies, energy-efficient technologies and the many forms of financial aid and tax breaks now available for home energy upgrades. Attendees will also have the opportunity to sign up for free personalized energy coaching and other promotions through Garfield Clean Energy’s Get Your Home Ready for Winter campaign. Full details can be found at GarfieldCleanEnergy.org/home-energy.
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VETERANS CUP 2023: TEE OFF FOR A CAUSE
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The Veterans Cup, a prestigious golf event set against the stunning backdrop of Aspen Glen Club, is designed to empower veterans in the Roaring Fork Valley. The Veteran Cup takes place Sunday, Oct. 8 beginning at 11 a.m. The event supports Huts for Vets, a nonprofit committed to helping veterans adjust to civilian life through immersive wilderness programs, psychological support, and community building activities. Their programs have empowered countless veterans to cope with trauma, depression, and PTSD. Get involved as a player, a sponsor, or by donating. To learn more, or to register, visit online at the link below, or call 937-707-9338.
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MARKET UPDATE - 10/02/2023 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 09/28/2023)
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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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