Tag: Business
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Denver sees 5% inflation after surge in fuel prices
The Denver-Aurora-Lakewood metro area recorded a 5% rise in prices in the last year, according to federal data released Wednesday for the month of May from the Bureau of Labor Statistics, the highest level seen since 2023. Denver is trending higher than the national annual average of 4.2%. Denver’s inflation was the second-highest among 12…
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Colorado new car sales drop nearly 20% in first quarter
Car sales in Colorado slumped in the first quarter this year as consumers responded to reduced EV incentives and manufacturers began to pass on the cost of tariffs to buyers. The Colorado Auto Dealers Association (CADA) reported 43,514 new vehicles were registered in the first quarter. That included 6,152 new vehicle registrations in southern Colorado.…
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One of Cherry Creek’s newest office towers sells for $92.5M
Now this is a deal that isn’t seen often in downtown Denver these days. One of Cherry Creek’s swanky and newly-constructed office towers sold for $92.5 million on Tuesday, according to property records. The building 255 Fillmore was sold by its developer, BMC Investments, to a “high-net-worth family office,” Newmark, the real estate brokerage company…
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Flat or graduated income tax? Colorado groups push dueling measures for November election
Colorado voters could face two opposing income-tax measures on the November ballot, with the dueling campaigns seeking to advance proposals that would take the state in sharply different fiscal directions. One initiative seeks to replace Colorado’s flat income tax with a graduated system, while the other aims to lock in the current rate. Both measures…
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SpaceX’s debut: Here’s what to know before clicking ‘buy’
NEW YORK • When SpaceX makes its debut on the U.S. stock market, it wants smaller-pocketed, mom-and-pop investors to play a big role in what may be the biggest IPO ever. Elon Musk’s rocket company, formally known as Space Exploration Technologies Corp., is steering some of its initial public offering of stock directly to what are called “retail”…
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Colorado governor signs bill requiring pollution controls, cost reporting for extended coal operations
Gov. Jared Polis signed into law a bill in reaction to orders from the U.S. Department of Energy to keep older coal units online. The federal government’s instructions applied to Craig Unit 1 in Colorado, one of five coal units affected nationwide. The state legislation requires installation of modern pollution controls and cost reporting for…
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Luxury club for growing sport rivaling pickleball coming to Denver’s RiNo
A luxury padel club is coming to Denver. Ace Padel, a Miami-based club for padel players, officially announced on Monday it selected Denver for its next location. It will open in the River North Arts District at 1812 35th St., the former home to Great Divide Brewing Co. Padel is a fast-growing sport that is…
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RTD reminds customers and community to practice safety near trains
The Regional Transportation District is reminding customers and the public to exercise caution around trains and tracks as the agency increases rail service frequency starting this weekend. The changes include more frequent trains on the B and G lines, an extension of the R Line to RidgeGate Station and a temporary T Line in the…
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Metro Moves: King Soopers opens new store in Denver
There’s a new King Soopers store in Denver. The grocery chain owned by Kroger announced it opened a new 103,000-square-foot Marketplace store at 4201 E. Arkansas Ave. It was a $37 million investment, King Soopers said, and will nearly double the footprint of the Belcaro King Soopers store at 825 S. Colorado Blvd. it is…
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Proposal seeks to balance emissions goals with blackout risks in Colorado
A group of researchers is proposing a “social cost of blackouts” framework to balance reliability and energy affordability with emissions reduction goals in electricity planning. The approach, from Isaac Orr and Mitch Rolling of Always On Energy Research, would give regulators a tool similar to the federal government’s “social cost of carbon.” That federal metric…