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Colorado - Fri. 11/15/24 |
A Free Business Publication from Alpine Bank
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LINDSEY VONN PLANS A WORLD CUP RETURN
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Five years ago, Lindsey Vonn retired from ski racing, largely because her aching right knee, damaged by high-speed crashes and multiple surgeries, could no longer take the stress of the sport. In a turn of events that Vonn, 40, called “amazing and definitely not planned,” she will rejoin the U.S. ski team on Friday with hopes of racing on the World Cup circuit this winter. Vonn, who has privately logged 15 days of on-snow race training in Europe and New Zealand since August, said she would participate in the U.S. ski team’s training sessions at Copper Mountain in Colorado that begin on Saturday, focusing on the speed disciplines of super-G and downhill.
Vonn is joining a growing list of professional athletes who extended their careers into their 40s, including the N.F.L. quarterback Tom Brady, who won a Super Bowl at 43; Serena Williams, who left tennis just days before her 41st birthday with 23 Grand Slam titles; and Tiger Woods, who won the Masters Tournament at 43. The Alpine races of the 2026 Winter Olympics will be held in Cortina d’Ampezzo, Italy, where Vonn won 12 World Cup races from 2008 to 2018.
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FOOD HALL & COWORKING CONCEPT PROPOSED NEAR MSU DENVER
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A Denver developer is trying to bring a combination food hall and coworking concept to the Lincoln Park neighborhood as residential construction picks up in the area. Thrive Development submitted a proposal to the city this month for an adaptive reuse project that would transform two warehouses encompassing 21,500 square feet at 1701 W. 13th Ave. near the Metropolitan State University of Denver campus, just south of its athletic fields complex. Thrive bought the 1.32-acre corner lot from Paramount Land LLC in 2022 for $4.65 million. The parcel includes a 7,202-square-foot building to the west at 1350 Shoshone St. and a 14,399-square-foot building to the east at 1709 W. 13th Ave. The smaller, two-story building to the west would become a coworking space, and the single-story building to the east would become a food hall and bar area. The food hall would have space for four diverse food vendors inside and one BBQ vendor outside.
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FRONTIER HIDES PIGGY BANKS THROUGHOUT DOWNTOWN DENVER
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Denver-based Frontier Airlines just launched the ultimate game of hide and seek for travelers in the Denver area. Launched on Thursday morning, the #DiscoverDiscountDen Giveaway offers seekers five hidden Frontier-branded piggy banks scattered throughout Downtown Denver, each containing free flights for the whole family. The #DiscoverDiscountDen Giveaway offers free flights for holiday travel and membership in Frontier’s Discount Den for cheaper flights throughout 2025. Inside each piggy bank, winners will find:
- A $1,000 flight voucher, enough for four roundtrip flights across Frontier’s expansive network
- A one-year membership in Frontier’s Discount Den Low Fare Travel Club, which unlocks reduced fares for even more affordable travel for an entire year.
Even after all five piggy banks have been found, Denver-area travelers will still have another shot at winning in the #DiscoverDiscountDen Giveaway. Five additional winners will be selected through an online sweepstakes to receive the same prizes.
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WINNING LOTTO TICKET SOLD IN LA VETA: $2.6 MILLION
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One lucky person woke up Thursday to the crazy reality of hitting Wednesday's $2.6 million Colorado Lotto+ jackpot — thanks to a ticket sold in the tiny town of La Veta, according to Colorado Lottery officials. The winning ticket was purchased at Charlie's Market, at 214 S. Main Street, in the town of 878 people. The winner, who has not been named, has the option of taking a one-time lump sum payment of $1.3 million. The winning numbers in the Nov. 13 drawing were 1-7-12-19-27-32. The odds of winning the jackpot are 1 in 3.84 million. Officials said this is the state's fifth new millionaire from the Colorado Lottery since the end of July. Other wins included:
- July 31: $5.7 million in Aspen
- Aug. 3: $1.1 million in Thornton
- Aug. 17: $1.5 million in Carbondale
- Oct. 5: $3.1 million in Littleton
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DURANGO NAMED 'SMALL COMMUNITY OF THE YEAR’
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The Economic Development Council of Colorado has recognized the city of Durango with two awards, including naming the city Small Community of the Year and naming a city employee Rookie of the Year. Durango was recognized for its innovative economic leadership, collaborative economic development, urban renewal and housing incentives, and the city’s support for entrepreneurs and the creative economy. In particular, the city was acknowledged for its “dramatic increase in arts and culture spending from $3 per capita to $29 per capita, given the lodgers tax efforts and other partnerships with the (Durango) Creative District.” Tommy Crosby, city economic opportunity manager, was awarded Rookie of the Year for his work in innovative economic development initiatives, supporting the arts and the creative economy, and the city’s success with its urban renewal authority, regional collaboration and relationship-building.
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ASPEN'S LUCKY DAY ANIMAL RESCUE MAKING GOOD LUCK ONE PET AT A TIME
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Aspen’s Lucky Day Animal Rescue has transformed the lives of animals across Colorado since its founding in 2009.This 501(c)(3) nonprofit, driven by co-founder and president Kelley Brenninger, is dedicated to rescuing, rehabilitating, and rehoming animals in need. With a strong network of volunteers and foster families, Lucky Day has become a lifeline, offering vulnerable pets a second chance at a happy life. The mission is to rescue animals, provide necessary medical care, and place them in loving homes. Lucky Day relies on a dedicated network of foster families who open their homes to animals in need. The organization also partners with transport volunteers who travel hundreds of miles to move animals from overcrowded shelters to fosters or adopters, ensuring their safety. As a nonprofit, Lucky Day Animal Rescue depends entirely on community support. Those interested in supporting Lucky Day can contribute at luckydayrescue.org.
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MESA COUNTY RESIDENTIAL REAL ESTATE SALES ECLIPSED $1 BILLION IN OCTOBER
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Residential real estate sales in Mesa County this year eclipsed $1 billion in October, according to Bray Real Estate’s report for the month. Through Oct. 31, year-to-date sales volume is up 4.1 percent from $988.9 million to $1.03 billion, despite a 1 percent decline in total property sales (from 2,299 to 2,269). There were 195 property sales in October, a 10 percent increase over October 2023 (177). The median home price dipped below $400,000 in October to $399,000. There were 645 active listings in September 2024, the most in any month in the 2020s, and that figure grew again slightly in October to 657. Total single-family building permits are up 37 percent year-to-date from 425 to 582. Year-to-date sales volume reached $148.8 million in the third quarter, a 2 percent increase over the same period in 2023 ($146.1 million). Commercial property transactions have also risen slightly from 145 in 2023 to 147 in 2024.
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THANKSGIVING MEAL VOLUNTEERS NEEDED
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Montrose Community Dinners is short about 60 volunteers needed to make the annual Thanksgiving dinner happen. Volunteers are needed the week of Thanksgiving and on Thanksgiving Day at Friendship Hall. Positions include dishwashers and kitchen prep on Nov. 24 and Nov. 25 and dishwashers for Nov. 27. On Thanksgiving Day, Nov. 28, volunteers for the floor crew, drivers, follow-up drivers, kitchen help, recycling, traffic coordinator, tear-down team and trash helpers are needed. Sign up at montrosecommunitydinners.com.
Nov. 28 marks the 30th anniversary of the community meal, which last year served more than 3,000 people. It will be served from noon to 3 p.m. on Nov. 28. Those who sign up for delivery before Nov. 27 at montrosecommunitydinners.com can have a volunteer driver bring them the meal. To sign up for a delivery, call 970-318-6759. Donations are also gratefully accepted: Montrose Community Dinners, P.O. Box 3540, Montrose CO 81402-3540.
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NEW RULES FOR CANYONS OF THE ANCIENTS NATIONAL MONUMENT
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The Bureau of Land Management (BLM) has finalized a supplementary rule to regulate activities on public lands within the Canyons of the Ancients National Monument, impacting Dolores County and Montezuma County in Colorado. The rule implements decisions from the 2010 Resource Management Plan to protect natural and cultural resources in the area. Key changes in Dolores County include restrictions on recreational activities such as hiking, mountain biking and horseback riding, which are now limited to designated travel routes within the Sand Canyon-Rock Creek Special Recreation Management Area.
- Camping is prohibited within 300 feet of riparian areas, developed recreation sites, and certain sensitive areas to protect wildlife and archaeological sites.
- Recreational target shooting is banned to prevent damage to archaeological sites, although hunting with a valid Colorado license is still permitted.
- Geocaching and rock climbing are restricted to prevent harm to archaeological objects and nesting raptors.
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VAIL MTN. OPENS FRIDAY; PURGATORY ON SATURDAY
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Vail Resort will open for skiing on Friday and Purgatory will follow on Saturday, bringing the number of operating ski areas in Colorado to 10. Steamboat will open next weekend and eight more resorts are scheduled to open during Thanksgiving week. They are Beaver Creek, Crested Butte, Aspen, Snowmass, Telluride, Granby Ranch, Powderhorn and Howelsen Hill. Vail will open at 9 a.m. on Friday with more than 100 acres of terrain, including the Swingsville and Ramshorn trails. Both gondolas will be in operation, providing access to beginner and intermediate terrain. Vail has received nearly two feet of snow this month, which has been supplemented with snowmaking. Purgatory has received 47 inches of natural snow this season, and its base depth of 27 inches is more than twice its annual average for this time of year. Little snow is forecast for Colorado over the next few days, according to the OpenSnow forecasting and reporting service.
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CHRISTMAS TREE CUTTING BEGINS NOV. 16 IN THE WRNF
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Christmas tree cutting season begins Saturday, Nov. 16 on the White River National Forest. Permits can now be purchased from district offices, local vendors, and online at Recreation.gov. Permits purchased in person at a district office or local vendor are $10 per tree. There is an additional $2.50 processing fee for permits purchased online. Fourth graders are eligible for a free Christmas tree permit through the Every Kid Outdoors program. Visit the Every Kid Outdoors website at everykidoutdoors.gov to register. Once registered, students can receive their free Christmas tree permit by either bringing their printed voucher to one of the district offices or through Recreation.gov with a $2.50 processing fee by entering their voucher or pass number when prompted. All trees must be for personal use and there is a limit of five permits per person. Visit fs.usda.gov/whiteriver for details to help you plan your trip, including:
- District office and vendor locations
- Regulations for Christmas tree cutting
- Links to online sales
- Maps of cutting areas and Motor Vehicle Use Maps of available roads
Please consider conditions and travel restrictions when choosing your cutting site as all permit sales are final. Snow accumulation may mean that roads are inaccessible, and many roads will close to wheeled vehicles as districts transition to winter travel. Specific road information is available at fs.usda.gov/whiteriver, including downloadable maps.
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CITIES WITH LARGEST PERCENTAGE OF $1 MILLION HOMES
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The number of million-dollar homes is increasing across the U.S., but they’re highly concentrated in certain places. Nearly 11 percent of primary residences across the 50 largest U.S. cities were worth $1 million or more in 2023. That’s up from around 8 percent in 2022. San Jose, California, tops the list of U.S. metros with the highest share of million-dollar homes with 72 percent of owner-occupied homes worth over $1 million. It’s a pricey place to live in general: Homes in San Jose sell for a median of $1.4 million, per Realtor.com data — over 200 percent more than the national median home price of $420,400. Here are the 10 U.S. metro areas with the highest share of $1 million homes:
- San Jose, California
- San Francisco
- Los Angeles
- San Diego
- Seattle
- Boston
- New York
- Washington, DC
- Denver
- Miami
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THE LATEST TERRAIN OPENINGS AT SUMMIT COUNTY SKI RESORTS
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Colorado's High Country received several powerful snowstorms over the first half of November. The snowfall and cold temperatures have helped ski areas in and around Summit County to open up for the start of the 2024-25 season. With guests officially back on snow and working to dust off the cobwebs that have settled in the offseason, ski areas are hastily trying to open up more terrain for skiers and riders to explore.
- Breckenridge Ski Resort opens Peak 9 base: After seeing over 2 feet of snow in the days leading up to opening day on Nov. 8, it has continued to see natural snowfall, which has helped snowmaking teams to open more terrain. The additional snowfall and snowmaking allowed Breckenridge to be able to open the lower part of Peak 9 on Friday, Nov. 15. The terrain opening will include the Quicksilver SuperChair and will access beginner terrain on Silverthorne, as well as all learning terrain carpets and platters.
- Copper Mountain Resort gives access to beginner terrain: Starting Saturday, Nov. 16, Copper will start running the Gem and Pitchfork lifts, which will access Green Acres, Copper’s beginning learning area between East and Center Village. The terrain opening will allow guests to hone their skills before venturing out to more advanced terrain.
- Arapahoe Basin Ski Area working on upper mountain: With the majority of its terrain requiring natural snowfall, Arapahoe Basin Ski Area will not have any major terrain openings for the upcoming weekend. A-Basin will continue to have its early-season terrain package open for guests, which features High Noon accessed by the Black Mountain Express.
- Snowfall helps Loveland Ski Area to drop ropes: After opening Upper Richards on Nov. 14, Loveland Ski Area will drop the ropes to several other trails over the next few days. On Saturday, Nov. 16, Loveland will begin spinning Lift 2, which will provide access to Tango Road. Teams are also working hard to open Spillway and are hopeful to have it open by Sunday, Nov. 17.
- Keystone Resort plans to open Peru Express Lift: Since opening for the season on Nov. 2, Keystone Resort has taken full advantage of cold overnight temperatures. As a result, it plans to open more terrain across Dercum Mountain. Keystone is on track to open the Peru Express lift today, Nov. 15, which will give guests access to the Mountain House Base Area. Keystone also anticipates the opening of the Dercum’s Dash and River Run trails in the next couple of days.
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MARKET UPDATE - 11/14/2024 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 11/14/2024)
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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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