Author: Dennis Huspeni
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Recession in Colorado is here or looming, business leaders say
About 80% of Colorado business leaders believe the U.S. economy has either already entered a recession or will do so by 2023, according to the Leeds Business Confidence Index survey released Wednesday by the University of Colorado Boulder’s Leeds School of Business. Pessimism oozed out of the report, which covers most of the second quarter…
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Denver home market sets slower pace
Signs of stabilization appeared in the September home sales report from the Denver Metro Association of Realtors as prices started to tick back up, as did the number of homes available for sale and the time it took to sell them. There were 3,971 active listings at the end of September, according to the Market…
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Downtown Denver Partnership taps new leader
After a national search, the Downtown Denver Partnership on Monday announced Kourtny Garrett from Dallas will take over for Tami Door as president and CEO of the economic development group. Garrett served as president and CEO of Downtown Dallas Inc. for the past six years. Door announced in August that she would be leaving the…
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Colorado looks to raise minimum wage 24 cents in 2022
Colorado’s minimum wage will rise to $12.56 an hour, up 24 cents, pending final approval in November, according to the Colorado Department of Labor and Employment. The department’s Division of Labor Standards and Statistics proposed the new minimum wage, which would take affect Jan. 1, as part of a mandate from the Colorado Constitution requiring…
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‘South Park’ creators finalize Casa Bonita purchase for $3.1 million
The creators of the animated television series “South Park” have taken the plunge and finalized an agreement with Casa Bonita owners to buy the iconic Lakewood restaurant for $3.1 million, court documents in the bankruptcy case show. The proposed order finalizing the sale, and settling current owner Summit Family Restaurants’ debt in the case, has…
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$212M worth of August sports betting in Colorado
Sports betters plunked down almost $212 million worth of bets in Colorado in August, up 17% from the prior month and 65% from August 2020, according to the Colorado Division of Gaming Monday. Of the $211.92 million wagered, sports book companies paid out $196.69 million to betters, the report states. The state collected $726,365.67 in…
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Colorado banks to refund millions in overcharges
A Colorado Springs based credit union and Colorado bank that’s been swept up in a merger must pay millions of dollars in refunds to customers who were overcharged on certain loans, according to a release from Colorado Attorney General Phil Weiser on Monday. Air Academy Federal Credit Union and Compass Bank — which is now part…
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Metro Denver EDC launches ‘elevation effect’ branding campaign
Have you ever tried to describe to a non-Colorado resident what the “it” factor is about living here? The Metro Denver Economic Development Corp. suggests using the “elevation effect.” Friday morning, officials are rolling out the new branding campaign to hundreds of area business leaders gathered for the group’s annual “site selector” event. “This is…
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Denver’s 2020 cannabis tax revenue up 17%
The City of Denver collected more than $70 million in sales tax revenue from $715 million in cannabis sales in 2020, a 17% jump from the $60 million collected in 2019, according to the Department of License and Excise. The 215 marijuana stores in Denver, both medical and retail (recreational), notched a 21% increase in…
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Colorado Convention Center improvements reach for sky
Denver city officials soaked up the sun on the roof of the Colorado Convention Center Wednesday, as they’re hoping thousands of convention attendees will do in coming years with the rooftop terrace expansion. “These are the best views in the convention industry,” said Janice Sinden, Visit Denver Board Chair. In a “Raising the Roof” event,…