Colorado - Tue. 06/11/24 A Free Business Publication from Alpine Bank View Online View in Browser
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DENVER CHEF NAMED BEST RESTAURATEUR IN THE U.S. BY JAMES BEARD FOUNDATION

 
 
 
Two Colorado chefs and restaurateurs struck gold at the “Oscars” of the food industry on Monday, taking home top awards from the James Beard Foundation. Chef Kelly Whitaker and partner, Erika Whitaker, co-founders of Id Est Hospitality Group, earned the award for Outstanding Restaurateur among five finalists from around the country. Id Est boasts award-winning restaurants like Michelin-starred The Wolf’s Tailor and BRUTØ in Denver and Basta in Boulder, as well as the newish Hey Kiddo in Denver. Matt Vawter, owner of Rootstalk in Breckenridge, won the title for Best Chef in the Mountain Region. Kelly Whitaker was previously nominated as a 2020 James Beard Award semifinalist for Best Mountain Chef for Wolf’s Tailor and was also an Outstanding Restaurateur semifinalist in 2023. Last year, Colorado came up empty-handed in all categories at the prestigious awards.
 
- Denver Post, 06.10.24
 

NPS TO RESTRICT TRAVEL ON OLD FALL RIVER ROAD INSIDE RMNP

 
 
 
Spring snowplowing operations and road maintenance are underway on Old Fall River Road inside Rocky Mountain National Park, according to Park officials in a statement Monday. Old Fall River Road is located on the east side (Estes Park side) of Rocky Mountain National Park and is closed to all uses, including pedestrians and cyclists, Tuesdays through Fridays from 6 a.m. to 4:30 p.m. This closure is expected to remain in place through the month of June, the park service said, with the road normally opening to vehicles in early July. "While spring opening operations are underway, Old Fall River Road is open to pedestrians and cyclists on Saturdays, Sundays, and Mondays; the road is also open to these users Tuesdays through Fridays after 4:30 p.m.," park officials said. For more information on Rocky Mountain National Park, please visit nps.gov/romo or call the park’s Information Office at 970-586-1206.
 
- Denver Gazette, 06.10.24
 

CPW: UNPRECEDENTED THIRD COW ELK ATTACK IN ESTES PARK

 
 
 
Colorado Parks and Wildlife is investigating an unprecedented third cow elk attack in Estes Park. The victim was walking a dog on-leash near South St. Vrain Ave. and Stanley Ave. when she startled a cow elk from about 20 yards away. The woman tried to run behind a tree for safety, but the elk knocked her to the ground, stomping and kicking her several times. The cow’s calf was later spotted nearby. CPW is warning Estes Park residents and visitors to be extra cautious while outdoors until elk calving season ends:
  • Late spring through early summer is considered calving season for elk and moose.
  • Cow elk will commonly charge and chase any perceived threats to their newborns.
  • Please give elk a wide berth to avoid conflicts.
  • Pets should be kept on-leash at all times as cow elk can be especially aggressive towards dogs.
  • Cow elk and cow moose have heightened protective instincts while their newborns are unable to move on their own.
  • Always leave young wildlife alone. While a calf may be unattended, the cow is most likely nearby gathering food.
 
- Colorado Parks & Wildlife, 06.07.24
 

GARFIELD COUNTY PLEDGES $3M TOWARD SHOSHONE WATER RIGHTS

 
 
 
The Garfield County Commissioners unanimously voted on Monday to allocate $3 million toward the acquisition of the Shoshone water rights by the Colorado River District. Although the district requested $4 million, the pledged amount marks a substantial contribution to preserving one of the region’s most critical environmental assets. The Colorado River Water Conservation District, in a landmark deal with Xcel Energy on Dec. 19, agreed to purchase the Shoshone water rights, the oldest and largest non-consumptive rights on the Colorado River. These rights ensure that 1,408 cubic feet per second of water, or approximately 1 million acre-feet per year, flow through Glenwood Canyon, benefiting agriculture, drinking water and recreational activities. The commitment from Garfield County adds to over $20 million designated from the Colorado River District’s own funds, as well as donations from various other local governments and organizations.
 
- GS Post-Independent, 06.11.24
 

AMISH, MENNONITE VOLUNTEERS REPAIR DEAF CAMP

 
 
 
Amish and Mennonite volunteers repaired water-damaged roofs on nine buildings at the Aspen Camp for the Deaf and Hard of Hearing last week. About 40 volunteers organized through the West Slope Mennonite Fellowship and an Amish organization called Restore Our Community Colorado gathered to perform the repairs. Most of the volunteers came from three Amish communities near Westcliffe. Mennonite Disaster organized the volunteer event in coordination with West Slope Mennonite Fellowship and Restore Our Community Colorado. Mennonite Disaster has held three other volunteer workdays in the last two years to address facilities issues at the camp. This project involved an in-kind donation from the West Slope Mennonite Fellowship roughly equaling $100,000. The camp reopened in 2021 after a three-year closure.
 
- Aspen Daily News, 06.11.24
 

FRUITA, FARM OWNERS TEAM UP TO REDEVELOP BLIGHTED BUILDING

 
 
 
A blighted building in downtown Fruita is getting a facelift thanks to a public-private partnership between the city and the owners of the Fruita Arts and Recreation Market (FARM.) The building at 169 S. Mulberry St. had been the location of Monument Powder Coating but has been vacant since that business relocated to the Fruita Business Park. The building was purchased by the city last fall. The city began working with Gavin Brooke and Alleghany Meadows, owners of FARM, on an agreement to purchase and redevelop the property. The city closed on the sale to the FARM owners on May 24. The agreement is for $640,000 in total value with around $226,000 in cash. The rest of the value will be in the land the city will receive in the future for an additional 20 or more public parking stalls and the value of the renovations of the building. Best Slope Coffee is set to move its roasting operation to the building when the renovations are complete.
 
- GJ Daily Sentinel, 06.10.24
 

FIREWOOD PERMITS NOW AVAILABLE FOR ONLINE PURCHASE

 
 
 
Firewood permits for the Grand Mesa, Uncompahgre and Gunnison National Forests are now available for purchase through a new online E-Permit system. A flexible and convenient service, permits can be purchased online or via mobile device, eliminating the need to visit a Forest Service office. Visit the GMUG firewood permits webpage at bit.ly/USDApermits to learn more about gathering firewood or to purchase a permit online. Traditional firewood permits will still be available to purchase at local Forest Service offices or participating vendors. For more information about the firewood program on the GMUG National Forests, please call 970-874-6600. For information and updates on current fire restrictions, conditions and recreation opportunities on the Grand Mesa, Uncompahgre and Gunnison National Forests, visit the forest website at fs.usda.gov/gmug.
 
- Montrose Daily Press, 06.08.24
 

DURANGO'S POWERHOUSE OFFERS FREE ADMISSION TODAY, JUNE 11

 
 
 
This year, the United Nations General Assembly adopted an International Day of Play, to be celebrated on June 11 every year. This day brings attention to the power of play and the celebration of playful learning experiences. The Powerhouse Science Center, in Durango, is celebrating this day by offering free admission to the public from 9 a.m. to 3:30 p.m. Offering a free day to the community aligns with The Powerhouse’s commitment to providing an affordable, inclusive and safe space for play, while also bringing attention to the benefits of hands-on and engaging play in a child’s life. For more information about International Day of Play, visit tinyurl.com/3mmra2k6.
 
- Durango Herald, 06.05.24
 

APPLICATIONS OPEN FOR TURF REPLACEMENT WATER-SAVING GRANTS

 
 
 
The deadline for two Routt County entities to apply for grant funding to replace nonfunctional turf as part of a pilot program managed by nonprofit Yampa Valley Sustainability Council has been extended to June 12. The sustainability council received a Turf Replacement Program grant from the Colorado Water Conservation Board to launch up to two projects of turf replacement in the county. Nonfunctional turf is grass that is only touched when it is mowed or maintained, for example, and can be replaced to conserve treated water used for outdoor irrigation. The program will provide a rebate up to $2 per square foot for turf removed and replaced with a maximum of 2,000 square feet per project. Entities such as businesses, homeowners or agencies in Routt County, located outside the city limits of Steamboat, are eligible to apply. For more information, visit YVSC.org/yvsc-seeking-applicants-for-turf-replacement-money or email madison@yvsc.org.
 
- Steamboat Today, 06.10.24
 

PASS CREEK RANCH, IN SUMMIT COUNTY, SOLD FOR MORE THAN $21M

 
 
 
More than 1,000 acres of Summit County land that includes water rights and commercial activity is set to come under new ownership following a multimillion-dollar sale this spring. Pass Creek Ranch, north of Silverthorne near the confluence of Pass Creek and the Blue River, sold for $21 million in April. Jim Donlon, the ranch’s longtime owner, said the decision to sell was practical but bittersweet. Reflecting on 30 years of ownership, Donlon said the ranch was a family venture first and a commercial endeavor second. Once camping and hunting grounds for the Ute Tribe, the land served as a homestead for families beginning in the mid- to late-1800s. Federal data published by the Summit Historical Society shows that different parcels were used by various homesteaders whose families later consolidated the land. The ranch sold to Denver-based automotive businessman Kent Stevinson, according to real estate transaction records from the Summit County Assessor’s Office.
 
- Summit Daily, 06.11.24
 

THE WEALTHY 1000: WHERE THE MONEY LIVES

 
 
 
New York City stands alone when it comes to wealth. That’s according to the Business Journals Wealthy 1000, a new ranking of the nation's wealthiest ZIP codes based on a weighted formula that looks at a number of wealth metrics. Nine of the top 10 ZIP codes were in the New York City metro area, an area among the leaders in million-dollar earners. At the top is ZIP code 10011, which includes the Chelsea neighborhood of Manhattan. The top 25 ZIP codes from the Business Journals Wealthy 1000 were clustered around the nation’s most populated metros, including New York, San Francisco, Chicago, Miami and Boston. Among the top 10 ZIP codes, an average 78 percent of residents achieved a bachelor’s degree or higher. That tracks with a recent Georgetown University report that determined Americans with a bachelor’s degree can expect to earn an average of $1 million more over the course of a lifetime than those without. Top 10 on the Wealthy 1000, zip code and location:
  1. 10011 New York
  2. 10023 New York
  3. 10024 New York
  4. 10013 New York
  5. 10025 New York
  6. 10019 New York
  7. 10016 New York
  8. 10003 New York
  9. 11217 Brooklyn
  10. 94114 San Francisco
 
- Denver Business Journal, 06.05.24
 

HEADS UP! FATHER'S DAY IS SUNDAY

 
 
 
Father's Day is Sunday, June 16. Dad probably doesn't need another tie. And he may insist that he doesn't need anything. That doesn’t mean you need to show up empty-handed. The Wall Street Journal tapped a coterie of expert gift-givers to share the best gifts for dads who have everything:
  • For the home chef dad: The Smoking Gun Pro Smoke Infuser
  • For the dad who sticks to the basics: Bombas Ankle Socks
  • For the dad who likes a little logo: Greca Diver Watch
  • For the dad who loves outdoor entertaining: E55 Rechargeable Mosquito Repeller
  • For the dad who travels light: Personalized RFID Leather Bifold Wallet
  • For the dad who loves to nap: Wireless Sleep Headphones
  • For the dad with a green thumb: Three Month Plant Subscription
  • For the handy dad: Digital Tape Measure
  • For dad who’s prepared for anything: Elite Cane Umbrella
  • For the dad who would rather be camping: Hex Small Fire Pit
  • For the pickleball pro dad: PaddleSmash
  • For the silly dad: Custom Photo Socks
 
- Wall Street Journal, 06.06.24
 
 
 
MARKET UPDATE - 06/10/2024 Close
 
(Courtesy of Alpine Bank Wealth Management*)
 
 
Close
Change
Dow Jones Industrials
 
38868.04
 
+69.05
 
S&P 500
 
5360.79
 
+13.80
 
NASDAQ
 
17192.53
 
+59.40
 
10-year Treasury yield
 
4.46
 
+0.04
 
Gold (CME)
 
2307.70
 
+2.50
 
Silver (CME)
 
29.76
 
+0.43
 
Oil (NY Merc)
 
77.74
 
+2.21
 
Natural Gas ($/MMBtu)
 
2.90
 
-0.01
 
Cattle (CME)
 
183.92
 
+1.75
 
Prime Rate
 
8.50
 
NC
 
Euro (per U.S. dollar)
 
0.92
 
+0.01
 
Canadian dollar (per U.S. dollar)
 
1.37
 
+0.01
 
Mexican peso (per U.S. dollar)
 
18.24
 
-0.15
 
30-year fixed mortgage rate (Freddie Mac 06/06/2024)
 
6.99
 
-0.04
 
*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.‚Äč
 
 
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