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Colorado - Fri. 04/12/24 |
A Free Business Publication from Alpine Bank
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$77M ASPEN RANCH IS COLORADO'S MOST EXPENSIVE HOME...FOR NOW
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A ranch with a view of all four ski resorts in Aspen has closed for $77 million, according to listing agent Doug Leibinger with Compass. The Ranch at Owl Creek was sold by a Colorado-based LLC that is linked to the headquarters of the Lauridsen Group, which oversees several companies in the health and nutrition industry and was founded by Nixon Lauridsen. This deal is the most expensive home sale recorded in the state of Colorado, Leibinger said. However, a property nearby is reportedly under contract for $110 million and will take the title if it closes. The Ranch at Owl Creek spans about 60 acres and includes a roughly 11,400-square-foot home, a guest cottage and a pool house. It sits adjacent to 850 acres of county-owned, preserved, undeveloped land. Aspen has long been the site of Colorado’s biggest home sales. Last year, a ski-in, ski-out home with an indoor lap pool sold in the resort town for $76 million, besting a 2021 sale there for $72.5 million.
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UTILITIES HAVE FIVE YEARS TO CLEAN WATER SUPPLIES UNDER NEW STANDARDS
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Twenty-nine of the more than 2,000 water treatment facilities in Colorado do not meet strict new federal limits on the amount of dangerous “forever chemicals” in their drinking water supplies and it will cost millions to clean those toxins out of the water. The public water systems that do not meet new standards include the cities of Brighton, Thornton and Keenesburg, as well as water districts in Boulder, Douglas and Jefferson counties. The Environmental Protection Agency for the first time Wednesday announced strict limits on the amount of forever chemicals that will be allowed in the nation’s drinking water systems. The agency estimates that, nationally, 6 percent to 10 percent of the 66,000 public drinking water systems may fall short of the new standards. The EPA will award nearly $1 billion to states so public water districts can test and treat the water they provide to customers. Colorado is slated to receive $41 million to test and clean drinking water.
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UPCOMING: VIVA SOUTHWEST MARIACHI
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On April 19 and 20, Viva Southwest Mariachi, a two-day conference and festival, will be held at the Auraria Campus in Denver. More than 25 local mariachi bands and folklorico dance groups will perform on the first night of the event during the Festival Garibaldi, a nod to Plaza Garibaldi in Mexico City, the symbolic home and festive hangout of the city’s roving mariachi bands. The evening will end with a community jam session. April 20, the acclaimed Mariachi Cobre will perform at the King Center on the Auraria campus. Proceeds from the concert benefit mariachi education programs. The conference includes free workshops for educators interested in starting mariachi programs in schools. Though it has taken a while, that level of performance is slowly making its way into the Colorado school system. In February, the Colorado High School Activities Association hosted the first mariachi festival for high school students from around the state. More information is available at msu.edu.
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HOTEL DENVER IN GLENWOOD GETS A NEW NAME, RENOVATIONS
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In the last two weeks, many residents and visitors in Glenwood Springs have noticed a change in the name of one of downtown’s best-known destinations. Hotel Denver officially changed the lettering on the top of its building to read “Maxwell Anderson” on March 21. The change is reflective of the $5 million in renovations the hotel has been undergoing since March 2023, mainly focused on functionality and operations. The hotel is made up of seven different buildings merged together to create the Hotel Maxwell Anderson, which throughout the years have borne the names Star Hotel, Rex Hotel, the Denver House, the Denver Rooms, among others. The rooms that would eventually become the first part of Hotel Denver were a combination of two properties on Seventh Street: the Denver House founded in 1905, and the Star Hotel which opened in 1915.
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WESTERN COLORADO ECONOMIC SUMMIT: APRIL 16
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The eighth annual Western Colorado Economic Summit, hosted by the Grand Junction Economic Partnership, is set for April 16 at the Colorado Mesa University Center. The first keynote speaker will be Nathan Perry, a professor of economics at Colorado Mesa who’s conducted multiple regional economic studies. He will provide his insight into Mesa County’s economic data at 8:10 a.m. to kick off the summit festivities. The lunch keynote speaker later in the day will be Kurtis Minder, the CEO and co-founder of the cybersecurity company GroupSense. Between Perry and Minder’s keynote addresses, the summit will host three 50-minute session blocks for attendees to learn more about local and national topics. At the end of the summit, one business and one local leader will receive awards for their economic contributions to Mesa County.
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AXIS HEALTH SYSTEMS, PUEBLO COMMUNITY COLLEGE RECEIVE STATE WORKFORCE GRANT
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Axis Health Systems and Pueblo Community College are the recipients of the Opportunity Now Colorado Grant, a state initiative with a pool of $85 million for programs aimed at creating “transformative change” in the state’s workforce. Axis Health and PCC were awarded $1.3 million that will allow the institutions to launch Healthcare Education Access Launchpad Southwest, an integrative education program that will allow students from PCC to work in Axis facilities. The program will offer students the opportunity to train in several fields and earn certificates and credentials that are “stackable,” including a phlebotomy and Emergency Medical Responder certificate. These credentials will give students a leg up in the field by allowing them to pursue a degree with the credits they’ve earned or qualify for an internship or apprenticeships.
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STRINGS MUSIC FESTIVAL 2024 SUMMER LINEUP: EMMYLOU HARRIS, MELISSA ETHERIDGE
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Strings Music Festival will kick off its 37th summer season on June 21 with Emmylou Harris, one of 13 Grammy Award-nominated artists on the lineup for the upcoming season featuring 37 shows. Strings Music Festival released its 2024 Summer Festival lineup Wednesday, offering a wide variety of artists and classical musicians from the nation’s top orchestras. The lineup spans many genres, including everything from rock and jazz to bluegrass and country. Also on the lineup for July 5 is Melissa Etheridge — who won her first Grammy for “Ain’t It Heavy,” which was released in 1992. The lineup also includes a two-day mini festival featuring the Danish String Quartet concerts in the Strings Music Pavilion with workshops, talks and a traditional Nordic jam session. Tickets go on sale to the public May 10, online at StringsMusicFestival.com or by calling 970-879-5056x105.
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EAGLE RIVER VALLEY COMMUNITY HOUSING NEEDS SURVEY NOW OPEN
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The Eagle River Valley Housing Needs Survey is now open to the entire Eagle River Valley community. The survey provides key input to the Eagle River Valley Housing Needs Assessment and Action Plan, a joint effort of the town and county governments of the Eagle River Valley to address the region’s housing needs. Residents, workers, retirees, and in-commuters from other counties are all invited to take the survey at EagleHousingSurvey.org. Households that previously received a survey in the mail are encouraged to complete that survey. All respondents can enter a drawing for one of five $100 gift cards, along with other prizes from local businesses. The survey is also available in Spanish at EagleHousingSurvey.org/Es. Employers may also access the survey at EmployerSurvey.orgOpen.
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PRESCRIBED FIRE PLANNED AT SUMMIT COUNTY SHOOTING RANGE
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Firefighters expect good conditions for a 44-acre prescribed fire above the Summit County Shooting Range as early as the week of April 15. The prescribed fire is planned in the grasses and shrubs above the shooting range to help mitigate the risk of a wildfire spreading from the range, according to a news release from the U.S. Forest Service. As many as 1,700 people shoot at the range each month during summer. While tracer rounds and exploding targets are not allowed at the range, shooting with standard ammunition previously sparked wildfires at the range, which caused extended range closures. Fire managers from the Upper Colorado River Interagency Fire Management Unit, which is composed of personnel from the White River National Forest and Bureau of Land Management, are closely monitoring conditions. Updates will be posted at FS.usda.gov/whiteriver.
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ALPINE COMMUNITY SHRED EVENT BENEFITING MESA COUNTY PARTNERS
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Alpine Bank invites you to a free on-site document shredding day to securely dispose of unwanted documents with personal information on Saturday, April 13, 9 a.m. to noon, at Alpine Bank Grand Junction, 225 N. 5th St. Staples and paperclips do not need to be removed. There is a maximum of four boxes per household and business. All shredded paper is recycled. Donations will be accepted for the Mesa County Partners. For more information, call 970-243-5600 or visit the link below.
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CHAIN STATION IMPROVEMENTS UNDERWAY ACROSS REGION
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The Colorado Dept. of Transportation, with its contract partner, Williams Construction, will begin work on the region-wide chain station improvements project to help ensure that commercial drivers have a safe location to chain up or down while traveling in the high country. Work will begin in mid-April along several mountain passes in Archuleta, Chaffee, Conejos, Costilla, San Miguel and Mineral counties. The traveling public can expect daytime shoulder closures. The project is scheduled for completion in the fall of 2024. Project work consists of chain station improvements on:
- CO 145: Lizard Head Pass (Mile Points 67 - 69)
- CO 145: Lawson Hill near Telluride (MP 70 - 72)
- US 160: Wolf Creek Pass (MP 172 - 174)
- US 160: La Veta Pass (MP 275 - 277)
- US 50: Monarch Pass (MP 208 - 210)
- CO 17: Cumbres Pass (MP 0 - 1)
For additional information about this project, visit online at codot.gov/projects/swcochainstations or call the hotline at 970-368-3819.
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BEST STATES FOR CHILDREN'S HEALTH CARE 2024
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Keeping children healthy is as expensive as it is essential. Fortunately, around 95 percent of children ages 0 to 18 have health insurance to protect them if they do get sick. The bad news is that the high coverage rate hasn’t translated to lower health costs for parents, and the average amount workers pay toward employer-sponsored family coverage is over $6,500 per year. Some families can find relief through Medicaid or the Children’s Health Insurance Program. However, many people who don’t qualify for government assistance will still struggle, especially in the midst of inflation. Top Ten Best States for Children’s Health:
- Massachusetts
- Vermont
- Rhode Island
- New Jersey
- Hawaii
- New York
- Pennsylvania
- Maryland
- District of Columbia
- Connecticut
- Colorado is number 20 on the list.
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MARKET UPDATE - 04/11/2024 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 04/11/2024)
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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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