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Colorado - Fri. 07/25/25 |
A Free Business Publication from Alpine Bank
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HOMEBUILDER BREAKS GROUND ON ITS LARGEST DEVELOPMENT IN COLORADO
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Trumark Homes has begun construction on its largest Colorado development, Tanterra, a master-planned community in Parker that will eventually span 1,200 acres and include 3,300 homes. The initial phase features 330 homes across three neighborhoods: Starling (104 duplexes starting in the $600,000s), Kestrel (103 single-family homes from the low $700,000s), and Osprey (123 single-family homes starting in the mid to high $700,000s). Tanterra will also offer 286 acres of open space, 50 acres of parks, and amenities like a clubhouse, pool, and sports courts. Sales are set to launch this fall.
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CIVIL ENGINEERS GIVE COLORADO A C-MINUS GRADE ON INFRASTRUCTURE REPORT CARD
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Colorado’s infrastructure earned a C-minus on the 2025 Report Card from the American Society of Civil Engineers, below the national average of C. The grade reflects aging, underfunded systems strained by population growth and climate challenges. Roads and schools received D-plus marks due to poor conditions, limited funding, and high repair costs. Aviation, dams, and railways scored B-minus, though Denver International Airport’s capacity issues led to a downgrade. Energy infrastructure earned a C, with concerns over storage and climate disruptions. Drinking water was rated C-minus, with aging systems and a projected supply gap by 2050. Engineers recommend better asset management and clearer public communication to improve future grades.
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COLORADO'S WOLVES ROAM FARTHER INTO NORTHWEST CORNER OF STATE, NEW MAP SHOWS
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At least one of Colorado’s collared wolves ventured deeper into the northwest corner of the state in July, traveling across Moffat County from near the Wyoming border to hills northwest of Craig, with sightings also west of Meeker and north of Rifle. Most wolves stayed in the central and northern mountains between June 24 and July 22, including areas near Steamboat Springs, Vail, Leadville, Salida, Aspen, and north of Durango. Colorado Parks and Wildlife continues monitoring pups from three new packs—One Ear (Jackson County), King Mountain (Routt County), and Three Creeks (Rio Blanco County). The King Mountain pack produced at least four pups, while the established Copper Creek pack had an unknown number this spring. CPW’s monthly maps track wolf movements by watershed. Officials also released findings on two wolf deaths from the spring reintroduction program.
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HULK HOGAN DIES AT 71
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Hulk Hogan, born Terry Bollea, died at 71 from cardiac arrest, according to WWE and Clearwater, Fla. police. A central figure in pro wrestling’s rise during the 1980s and ’90s, Hogan became a pop culture icon with his flamboyant persona and legendary rivalries, notably with André the Giant. His mainstream appeal helped push wrestling into broader sports culture, including collaborations with athletes like Dennis Rodman and Karl Malone. Despite his fame, Hogan’s legacy was marred by scandals that led to his WWE dismissal in 2015. He was reinstated in 2018 but faced public backlash during later appearances. He co-founded Real American Freestyle, a competitive wrestling league launching in August 2025.
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GUANELLA PASS LEAF PEEPING TRAFFIC COULD EASE THANKS TO THIS CHANGE
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Hikers heading to Colorado’s Guanella Pass Road should be aware of new parking enforcement beginning Friday. Clear Creek County announced that vehicles parked in “No Parking” zones along County Road 381, extending to the Park County line, will be ticketed $87.50. New signage aims to reduce traffic congestion and ensure emergency access, especially during peak leaf peeping season. Officials cited a 2024 incident where an emergency vehicle was blocked due to illegal parking, prompting the change. The summit parking lot has limited capacity, and the sheriff’s office reports increased ticketing this summer. Expansion decisions rest with the U.S. Forest Service.
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GAY GAMES INSPECTORS TOUR DENVER AS CITY COMPETES WITH PERTH FOR 2030 EVENT
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Denver is a finalist to host the 2030 Gay Games, a global LGBTQ+ sporting and cultural event expected to bring 10,000 participants and a $100 million economic impact. Site inspectors recently toured the metro area, visiting venues and LGBTQ+-owned businesses. Denver’s bid includes 36 events across locations like the Colorado Convention Center and University of Denver, with a central festival village at Sculpture Park. Organizers emphasized the city’s inclusivity and strong community support. The final decision will be made after presentations in Valencia this October. Denver previously bid for the 2022 Games but was not selected.
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HOTEL COLORADO NAMED CSAE'S 2025 ASSOCIATION PARTNER OF THE YEAR
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The Hotel Colorado in Glenwood Springs has been named the 2025 Association Partner of the Year by the Colorado Society of Association Executives (CSAE), marking the first time a hotel has received the honor. Recognized for its dedication, innovation, and collaboration in supporting the association industry, the hotel was nominated for the second year in a row. General Manager Larry MacDonald called the award a proud moment for the hotel’s team. Known as the “Grand Dame of the Rockies,” the historic property recently completed a $10 million renovation and hosted CSAE’s statewide Annual Conference in 2023.
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CARBONDALE ARTS HOSTS 54TH MOUNTAIN FAIR
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Carbondale’s 54th Mountain Fair returns this weekend, celebrating community, creativity, and inclusivity. Hosted by Carbondale Arts, the volunteer-run event features over 100 vendors, 25+ performers, and beloved traditions like wood splitting, pie baking, and the Porcupine Bike Race. This year’s theme, “¡Let’s Dance, Bailemos!,” invites attendees to dress up and embrace the fair’s joyful spirit. Highlights include the Rhythm of the Heart Drum Circle, headline acts like The Nude Party and La Luz, and the expanded Oasis Block Party downtown. With over 500 volunteers, the fair remains a grassroots celebration of the Roaring Fork Valley’s artistic soul.
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DURANGO FLOAT TO WORK DAY RETURNS TODAY
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Durango’s annual Float to Work Day returns this Friday, inviting residents to swap their cars for kayaks, canoes, rafts, or tubes as a fun and eco-friendly way to commute. Organized by the city’s multimodal transportation specialist Liam Goettelman, the event aims to build community while promoting sustainable transportation. Participants will gather at the 29th Street river put-in at 7 a.m., where city staff will provide hot coffee and pastries. At 8 a.m., commuters will launch onto the Animas River and float to the Schneider Park takeout. Free buses will be available from 8 to 9:15 a.m. to shuttle participants back to the put-in or to their workplaces. For those needing a ride home later, the DuranGO! service offers transportation options.
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AVON TO BUY WALGREENS PROPERTY FOR $7 MILLION
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The town of Avon plans to purchase the Walgreens property at 15 Sun Road for $7 million as part of a broader redevelopment of the 8-acre Sun Road area. Approved by the Town Council, the deal is set to close on Sept. 16, with Walgreens continuing its lease. The site is one of three key parcels in a plan to transform the area into a high-density, mixed-use development featuring up to 300 housing units, commercial space, and potentially a new transit center. Avon will finance the purchase through $5 million in certificate of participation financing and $1.5 million from reserves, using a lease-back structure to avoid voter approval under TABOR. Annual payments of $500,000 will be offset by Walgreens’ $480,000 rent. The town retains ownership and can assign the title to sub-entities. The redevelopment requires cooperation from First Bank and the post office, and the town has begun discussions with both. Final lease approval is scheduled for Aug. 12.
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HAZE WAFTS OVER COLORADO MOUNTAIN TOWNS FROM WILDFIRES BURNING WITHIN THE STATE AND BEYOND
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Wildfire smoke from the Turner Gulch Fire in Mesa County and the Dragon Bravo Fire near the Grand Canyon drifted across western Colorado on Thursday, prompting an air quality advisory for Mesa County. The Turner Gulch Fire, now the largest active wildfire in Colorado, burned 17,747 acres and is 41 percent contained. While smoke was heaviest near the fire, towns along the I-70 corridor experienced moderate air quality impacts. Officials warn that shifting winds could spread smoke to northern and eastern counties over the weekend. Atmospheric mixing will influence how quickly the haze dissipates.
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MONTROSE COUNTY RECEIVES $125K GRANT THROUGH SECRETARY OF STATE
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Montrose County received a $125,301 grant from the Colorado Secretary of State’s Electronic Recording Technology Board (ERTB), part of over $1.6 million awarded to 18 counties in early 2025. The ERTB, established in 2016 and renewed in 2021, supports counties, especially rural ones, in upgrading and securing land records systems. Secretary of State Jena Griswold emphasized the importance of making public documents more accessible and improving services for constituents. Since its inception, the board has distributed over $20 million to help county clerks maintain property records and other vital documents.
The other counties receiving grants this cycle were:
- Alamosa County - $236,954
- Archuleta County - $170,789
- Bent County - $72,155
- Conejos County - $127,433
- Custer County - $144,856
- Fremont County - $156,183
- Hinsdale County - $22,364
- Kit Carson County - $12,522
- Lake County - $115,489
- Mineral County - $13,919
- Montezuma County - $10,924
- Otero County - $245,913
- Rio Grande County - $100,435
- Saguache County - $106,009
- San Juan County - $5,593
- Teller County - $4,418
- Yuma County - $21,388
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BEST U.S. STATES FOR RETIREMENT
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New Hampshire has been ranked the best U.S. state to retire in Bankrate’s 2025 report, which evaluated all 50 states using 15 metrics including affordability, health care, and weather. While New Hampshire placed low for climate (40th), it earned top marks for neighborhood safety and ranked in the top 10 for health care, tax-friendliness, and its senior population. The rankings were based on survey responses about retirement priorities, with safety, affordability, and weather weighted most heavily. Notably, New England states dominated the top 10, while no Sun Belt states made the list.
Here are the 10 best states for retirement in 2025:
- New Hampshire
- Maine
- Wyoming
- Vermont
- Idaho
- Rhode Island
- West Virginia
- Wisconsin
- Utah
- Virginia
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MARKET UPDATE - 07/24/2025 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 07/24/2025)
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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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