Kass and Beth Kremer and their friend Daryl Magner were soaking up the alpenglow on a pleasant August evening two years ago, lounging around a campfire next to their tent and old Bronco on the back side of Silverton Mountain. They were happy to be out of COVID lockdown and in the mountains. But they […]
opportunity zones
Posted inNews
The Western Slope economy was already improving. Then Opportunity Zones added a power boost.
MONTROSE — David Dragoo leans over a balcony of the new headquarters for his Mayfly Outdoors. Inside, workers are forging high-end fly-fishing equipment. Outside, earth movers crawl across a dusty tract near cyclists leisurely pedaling along the lush banks of the Uncompahgre River. “Ten years ago, it just wasn’t cool to be here. It didn’t […]
Posted inBusiness, Growth, News
Investment in opportunity zones (tax incentives and all) is still scarce in Colorado
Last year, Kristin Lawrence was on the hunt for a place to give her pop-up science experiences a real home. She found it in Boulder, smack dab in the middle of what would soon be designated an Opportunity Zone. “I didn’t even know what Opportunity Zones were at the time,” said Lawrence, founder of The […]
Posted inBusiness, News, Outdoors, Politics and Government
Powderhorn ski area uses Opportunity Zone tax credits to lure deep-pocketed investors
Big investment is on tap for Powderhorn Mountain Resort, with its owners hiring a longtime resort management company to take over operations and enlisting deep-pocketed investors to help fund upgrades at the 52-year-old ski area above Grand Junction. Powderhorn owners — Denver’s Gart brothers Ken, John and Tom and resort veteran Andy Daly — last […]
Posted inBusiness, News, Politics and Government
The massive GOP tax bill created a powerful incentive to invest in distressed communities — including one in Boulder
Not too far from the new Google campus in Boulder, an aging strip mall is in need of a makeover. Redevelopment of Diagonal Plaza has been tried before. A Walmart Neighborhood Market, for example, popped up in 2013 but closed last year. Now, there’s a renewed effort to invigorate the shopping center, Google’s neighborhood and […]