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Colorado - Tue. 09/17/24 |
A Free Business Publication from Alpine Bank
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CU BOULDER RECEIVES $15 MILLION DONATION TO BOOST REAL ESTATE EDUCATION
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The University of Colorado Boulder’s real estate program has a new name thanks to a $15 million donation from Michael Klump, a CU Boulder alum and founder of the Atlanta-based real estate investment group, RCG Ventures. From the funding, $13 million will go toward enhancing real estate education at the newly renamed Michael A. Klump Center for Real Estate within the Leeds School of Business, endowing three faculty positions, establishing four new academic funds and supporting an endowed scholarship within the Center. An additional $2 million will be allocated to student wellness programs through the Hellems Fund for Collective Belonging and the Hellems Fund for Fostering Success in CU's College of Arts and Sciences to support mental health resources, student support services and initiatives for first-year and transfer students.
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PEARL FIRE BURNING IN FOOTHILLS WEST OF FORT COLLINS
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A wildfire in the foothills west of Fort Collins grew to more than 100 acres Monday, forcing evacuations in the Crystal Lake area of Larimer County. The Pearl fire has burned an estimated 138 acres with zero containment as of 3:50 p.m. The fire is human-caused and started on private property 5 miles northwest of Red Feather Lakes. Approximately 75 firefighters, three air tankers and three helicopters responded to the fire and more have been ordered. The fire was reported just after 11 a.m. and the first evacuation orders for Crystal Lakes, south of Black Mountain and north of Lake Erie were sent out at 11:55 a.m. At 12:45 p.m., the sheriff’s office extended the evacuation order to include residents in the area of county roads 86 and 170. And at 1:20 p.m., authorities changed evacuations from voluntary to mandatory for Crystal Lakes residents north of Black Mountain to the Wyoming state line. Residents can text LCEVAC to 888777 for updates or go to nocoalert.org.
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NEW $100 MILLION SORTING CENTER AIMS TO BOOST COLORADO RECYCLING
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Trash and recycling giant Waste Management has earthmovers scraping ground on a $100 million complex just south of the Denver-Arapahoe landfill featuring high-tech recycling sorters and hauling trucks running on compressed natural gas. Gov. Jared Polis and local officials helped break ground for the complex Monday, praising the investment as a key to Colorado keeping more useful commodities out of landfills and boosting a new industry remaking recycled materials into fresh products. The new Waste Management site will turn single-stream recycling from the metro area into enormous bales of reusable commodities like plastic gallon bottles, aluminum cans or cardboard boxes. Waste Management is a multinational, publicly traded firm worth $83 billion, and is the largest waste-hauling and recycling company in Colorado. Waste Management plans to complete construction of the new facilities by the second quarter of 2026.
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PEDESTRIAN FATALITIES ON THE RISE IN COLORADO
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Colorado State Patrol troopers cited 1,237 people for speeding in construction or school zones in 2023. This is a 12 percent increase from 2022, which reported 1,102 citations. According to Colorado State Patrol data, 48 of Colorado’s 64 counties recorded at least one instance of a driver receiving a citation in either a work zone or school zone. Two of the five counties with the most speeding citations in low-speed zones in 2023 are on the Western Slope: Mesa and Garfield County. The counties with the most speeding citations issued by Colorado State Troopers in low-speed zones are:
- El Paso County with 222 citations
- Larimer County with 131 citations
- Adams County with 127 citations
- Mesa County with 111 citations
- Garfield County with 88 citations
When ranked proportionally to their population, Garfield County ranks as having the highest concentration of citations, at one per 708 drivers. Mesa County comes in second at one citation per 1,429 drivers. Adams County, despite its busy activity, had the fewest citations per driver. As the number of citations have gone up, so have pedestrian-involved accidents and deaths. Colorado hit a record number for pedestrian fatalities in 2023 with 153 people killed, according to the Colorado State Patrol. This was an 18 percent increase over 2022, which was its own record-setting year with 111 people killed on Colorado roadways.
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ASPEN FILMFEST 2024
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Aspen Film’s 45th annual Filmfest officially kicks off this week and runs through Sunday at the Aspen Film Isis Theatre. The festival features films that have premiered at global film festivals, including Sundance, Cannes, Tribeca, Toronto and Telluride. Comprised of 17 invited films, the non-competitive festival presents a lineup of provocative fall 2024 titles. Themes of love and family, tenacity and overcoming obstacles, truth and freedom shine through many of the selections, showcasing outstanding and unforgettable characters. The festival opens Tuesday with the documentary “Super/Man: The Christopher Reeve Story,” which first premiered at the 2024 Sundance Film Festival. At 5 p.m. Wednesday, Filmfest is screening “¡Casa Bonita Mi Amor!,” the documentary that tells the story of the rebirth of the venerated Colorado restaurant Casa Bonita, by South Park creators Trey Parker and Matt Stone. For more information, visit aspenfilm.org/festival/2024-filmfest.
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LOCAL WINERIES WELL REPRESENTED ON 2024 GOVERNOR'S CUP LIST
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The annual Governor’s Cup Wine Collection list was well represented by Grand Valley and North Fork region wineries. The 2024 Governor’s Cup Wine Collection expanded to 14 wines due to the overall high quality of entries. The Colorado Wine Industry Development Board, part of the Colorado Dept. of Agriculture, stated that this year’s competition included 302 wine submissions from 52 Colorado wineries. There were 10 wines from seven Grand Valley and North Fork region wineries on the list of 14. The Best of Show winner will be announced during the annual Colorado Uncorked event on Nov. 1, at the History Colorado Center in Denver.
2024 Colorado Governor’s Cup Collection:
- Sauvage Spectrum (Palisade): 2023 Teroldego, Grand Valley AVA and Bodega Dessert Wine, Grand Valley AVA
- Restoration Vineyards (Palisade): 2023 Gewürztraminer, Grand Valley AVA
- The Peachfork (Palisade): Sarge's Sweet Red Blend, Grand Valley AVA
- Alfred Eames Cellars (Paonia): 2019 Collage (Red Blend), Colorado; 2019 Sangre del Sol (Red Blend), Colorado
- The Storm Cellar (Hotchkiss): 2023 Rosé of Pinot Noir, Colorado and 2023 Sauvignon Blanc, Grand Valley AVA
- Whitewater Hill Vineyards (Grand Junction): 2023 Moscato, Grand Valley AVA
- Carboy Winery (Littleton, Denver, Breckenridge, and Palisade): 2021 Chambourcin, Grand Valley AVA
- Fox Fire Farms (Ignacio): 2023 Fox Fire Red (Corot Noir), Colorado
- OBC Wine Project (Fort Collins): 2023 Colorado Red (Red Blend), Grand Valley AVA
- Snowy Peaks Winery (Estes Park): 2023 Albariño, Grand Valley AVA and 2022 Cabernet Franc, Grand Valley AVA
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CPW ISSUES WARNING OVER TOXIC ALGAE AT STAGECOACH RESERVOIR
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Colorado Parks and Wildlife is warning residents and their pets to use caution and avoid contact with water at Stagecoach Reservoir after accumulations of blue-green algae were discovered last week. The wildlife agency temporarily closed a section of the reservoir last week after samples collected Sept. 2 “indicated hazardous levels of toxins specifically in Morrison Cove with lower levels of toxins found at four other test locations within the reservoir." As of Sunday, Stagecoach Reservoir is one of four water bodies in the state listed under a “warning” for toxins detected at high levels. Before the water body was built in 1989, planners warned that algae blooms fed by nutrients could be a long-term issue to contend with. If individuals or their pets are exposed to an algae bloom, they should contact a medical care doctor or a veterinarian if they experience nausea, digestive stress, breathing problems or unexplained illness.
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VOLUNTEERS REMOVED 2,000 POUNDS OF TRASH FROM THE BLUE RIVER
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Thanks to the help of volunteers, almost two tons of trash has been removed from in and around the Blue River. The Blue River Watershed Group last Saturday hosted a river cleanup as part of its annual Blue River Festival. Volunteers cleaned up stretches of the river in Silverthorne, Frisco, Dillon and Breckenridge. Blue River Watershed Group events coordinator Rose Adler-Rephan said that 208 people signed up to volunteer for the event and more joined that morning without signing up. That is more than the estimated 160 people who participated in the river cleanup last year. A total of 26 groups participated. The Blue River Watershed Group estimates that the teams removed almost 4,000 pounds of trash this year, more than the 1,500 pounds the group estimates it removed from the river last year. “The amount of trash and weeds we cleaned up this year nearly tripled from last year,” Adler said. “To say we are amazed would be an understatement.”
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THE BEST PARTY SCHOOLS IN THE U.S., ACCORDING TO STUDENTS
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Tulane University has the best party scene of any college in the U.S., according to a new survey conducted for the 2025 Wall Street Journal/College Pulse rankings. Colleges in the South and the Midwest hold the top 14 spots on the list, with Southern colleges holding six of the top 10 places. To compile the overall college rankings, the Journal and College Pulse, a college-focused research firm, surveyed tens of thousands of students and recent alumni.
- Tulane University
- University of Dayton
- Florida State University
- Michigan State University
- University of Alabama
- University of Wisconsin, Madison
- Miami University, Oxford
- West Virginia University
- University of South Carolina, Columbia
- Sewanee: The University of the South
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AMERICA'S MOST COMPETITIVE JOB MARKETS IN 2024
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A new report from Resume.io calculated the average number of applicants that job ads receive within one week of being posted on LinkedIn Jobs in 122 global cities and every U.S. state. It compared those figures to 2023 data to find the most competitive places for jobs. Among the top 10 U.S. markets, three were in California and four were in Texas. The top 10 most competitive job markets are:
- San Jose, California: 153.77 applicants per job posting
- Dallas: 82.81 applicants per job posting
- Los Angeles: 76.75 applicants per job posting
- San Francisco: 72.55 applicants per job posting
- New York City: 66.93 applicants per job posting
- Houston: 62.49 applicants per job posting
- Chicago: 55.57 applicants per job posting
- Fort Worth, Texas: 45.70 applicants per job posting
- Austin, Texas: 41.11 applicants per job posting
- Seattle: 40.91: applicants per job posting
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MARKET UPDATE - 09/16/2024 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 09/12/2024)
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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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