Denver Business Journal articles from February 1991

Denver Business Journal archives from February 1991

Workers comp: a cure at last? (Colorado legislation)
February 22, 1991... Workers' comp: a cure at last? Although it was expected to be one of the major issues of the 1991 General Assembly, the state's workers' compensation system so far has gotten little attention from lawmakers. But a massive piece of...

MDC officers' debts may cost taxpayers. (MDC Holdings Inc.; Denver. CO apartment foreclosures)
February 22, 1991... MDC officers' debts may cost taxpayers Corporate officers of MDC Holdings Inc., along with dozens of other investors, are facing one of the largest apartment foreclosures in Denver history. Columbia Savings is moving to foreclose on a...

Falcon Homes soaring as house sales pick up. (Denver, CO)
February 22, 1991... Falcon Homes soaring as house sales pick up During the depths of Denver's real estate depression in 1987, Darell Schmidt seemed to have gone a little mad. New-home sales were plummeting, construction was almost non-existent, and...

Cyprus Minerals hoping to build Soviet gold mine.
February 22, 1991... Cyprus Minerals hoping to build Soviet gold mine Soviet officials are negotiating with Cyprus Minerals Co. of Englewood to design and build a gold mine in Siberia. The mine would be built near the city of Magadan in the northeastern...

Cash-poor E-470 gives in, will seek public funding. (E-470 Authority; Denver, CO highway construction)
February 22, 1991... Cash-poor E-470 gives in, will seek public funding The E-470 toll road east of Denver was envisioned as a financial "superhighway" -- a national model for how to build a highway without dipping into government coffers. But reality...

Benedict Nuclear axes founder in wake of $1.2 million lawsuit. (Malcolm B nedict dismissed over fraud case)
February 22, 1991... Benedict Nuclear axes founder in wake of $1.2 million lawsuit The top management of Benedict Nuclear Pharmaceuticals Inc. has been fired by the company's board of directors. The move followed a $1.2 million court judgment against the...

RTD breaks 'handshake' deal with MTDC, seeks transit power. (Regional Transportation District; Metropolitan Transportation Development Commission)
February 22, 1991... RTD breaks `handshake' deal with MTDC, seeks transit power Officials of the Regional Transportation District say they won't block the Metropolitan Transportation Development Commission's 20-year transportation plan in the state Legislature,...

Office tower will change hands in Andrews partnership rescue.
February 22, 1991... Office tower will change hands in Andrews partnership rescue Andrews Partners IV Ltd., owner of the 110,000-square-foot 1660 Tower building at 1660 S. Albion St., soon may emerge from Chapter 11 bankruptcy with a cash infusion from a Denver...

Amusement park to anchor retail center. (Denver, CO; business/city partnership to open amusement center)
February 22, 1991... Amusement park to anchor retail center A Colorado Springs amusement company has leased 25,000 square feet in the Havana Exchange shopping center, with plans to open a family entertainment center by the end of March. Boardwalk/Star City...

Homart, Linpro may scale back presence in local real estate. (Denver, CO)
February 22, 1991... Homart, Linpro may scale back presence in local real estate Two national development companies apparently are curtailing their local operations because of weakness in the local and national real estate markets, according to sources in the...

Ad exec Hamilton elected to Colorado National Board. (Sherman Hamilton; Colorado National Bank of Denver)
February 22, 1991... Ad exec Hamilton elected to Colorado National board Sherman Hamilton, a small business power in the Denver area, has been elected to the board of directors of Colorado National Bank of Denver. The president of Hamilton Sweeney...

New managed care plan makes first inroads into car insurance. (Progressive Casualty Insurance Co.)
February 22, 1991... New managed care plan makes first inroads into car insurance Managed care has climbed behind the wheel of Colorado's auto insurance industry, promising not only a smooth ride but also to knock a few dollars off the fare. In an attempt...

RYBS wins lucrative Air Force contract. (contract to upgrade personal computers)
February 22, 1991... RYBS wins lucrative Air Force pact RYBS Electronics Inc. will help the U.S. Air Force upgrade 600,000 personal computers during the next three years in an arrangement worth an estimated $2 million to $3 million to the Boulder company. ...

Group buys six resort radio stations in quest for ski advertising. (Gardiner Broadcast Properties Ltd.)
February 22, 1991... Group buys six resort radio stations in quest for ski advertising A Golden-based limited partnership has agreed to buy six radio stations in Colorado mountain communities, hoping to lure more national advertisers to the airwaves in the...

'Impaired' lawyers cost firms money, but few take action. (survey of Denver, CO law firms and lawyers with personal problems)
February 22, 1991... 'Impaired' lawyers cost firms money, but few take action He had reached the point where he kept a bottle in his desk and began drinking in the morning. He was scared and miserable, but he didn't know what to do. He was an...

Hensel Phelps may build C concourse for planned airport.
February 22, 1991... Hensel Phelps may build C concourse for planned airport Hensel Phelps Construction Co., the largest general contractor in the state, may be building the first concourse at the Denver International Airport. The Greeley-based contractor...

Aircraft parts tax break passes. (United Airlines Inc. maintenance facility to move to Denver, CO)
February 22, 1991... Aircraft parts tax break passes An attempt to lure a $500 million United Airlines maintenance facility to Denver with tax breaks has won the full approval of the Colorado Legislature. House Bill 1046, sponsored by Reps. Paul Schauer...

Publisher tries to 'hog' newsstands. (Front Range launches " Mountain and Plain Motorcycle News")
February 22, 1991... Publisher tries to 'hog' newsstands Mountain & Plain Motorcycle News, a newspaper authored by bikers with bylines like "Rain Man" and "Dirty Harry," was launched early this month. About 25,000 copies of the free monthly newspaper have...

Lutheran to cure space crunch with addition. (Lutheran Medical Center, Denver, CO)
February 22, 1991... Lutheran to cure space crunch with addition Two construction projects at Lutheran Medical Center will increase the size of the Wheat Ridge hospital by 62,000 square feet when completed. "We've been very ambitious," said James Willard,...

Gregory Liptak. (People - Telecommunications)
February 22, 1991... Gregory Liptak, president of Jones Spacelink Ltd., was named president of Mind Extension University Inc., The Education Network, a subsidiary of Jones Education Network Inc.

Women manufacturers and builders no longer 'lone rangers.' (Special Section: Women in Business)
February 22, 1991... Women manufacturers and builders no longer 'lone rangers' Mar-Tek Industries Inc. manufactures aluminum labels and tooled machine components. Central Mechanical Inc. designs heating and cooling systems. Both companies are owned by women....

Leaving in droves: growing numbers of women break ranks with corporate America. (Denver, CO women executives) (Special Section: Women in Business)
February 22, 1991... LEAVING IN DROVES: Growing numbers of women break ranks with corporate America In January 1990, attorney Marcia Krieger left her high-paying position with a prestigious downtown Denver law firm to open her own practice in the suburbs. It...

'Iffy' E-470 axes more interchanges. (E-470 Authority financing for Denver, CO highway plan)
February 15, 1991... 'Iffy' E-470 axes more interchanges Continuing its fight to win financing assistance from the Union Bank of Switzerland, the beleaguered E-470 Authority has sacrificed three interchanges and 10 overpasses from the highway's plan. ...

Potential buyers lining up for Cap Fed. (Capitol Federal Savings and Loans)
February 15, 1991... Potential buyers lining up for Cap Fed Four Denver-based investment groups and two "major national banks" are eyeing the failed Capitol Federal Savings and Loans, the state's third-largest thrift, for possible acquisition. But a lack...

Car-racing pair merges autos and advertising. (Jeff Chandler; Don Crowe; automobile racing enterprises, Denver, CO)
February 15, 1991... Car-racing pair merges autos and advertising With a click and a roar, the 250-horsepower engine on the Shelby Can Am racer kicks on with a satisfying surge of power. The car eases its way onto the track. In moments, the racer is...

Tiny U S West faxing unit expects explosive growth. (U S WEST Enhanced Services)
February 15, 1991... Tiny U S WEST faxing unit expects explosive growth Anticipating tremendous growth, a now-tiny subsidiary of U S WEST Inc. is seeking office space to accommodate 100 to 150 employees by the end of this year and 350 to 400 people by 1995. ...

Denver business establishment backs RTD's light-rail proposal. (Regional Transportation District)
February 15, 1991... Denver business establishment backs RTD's light-rail proposal Downtown Denver's business heavy-weights are throwing their support behind the Regional Transportation District's proposed light-rail line. Viewing the three-mile line as a...

Springs firm buys Tel America of Denver. (TeleConcepts Inc., long-distance telephone company)
February 15, 1991... Springs firm buys Tel America of Denver Colorado Springs-based TeleConcepts Inc., parent company of Telephone Express, has acquired most of the assets of Tel America of Denver Inc., strengthening its claim as the largest long-distance...

J.D. Edwards rises to software superstar on IBM's coattails. (J.D. Edwards and Co.. computer software developer) (company profile)
February 15, 1991... J.D. Edwards rises to software superstar on IBM's coattails Software developer J.D. Edwards & Co. plans to hire as many as 400 people in the next year to meet the growing demand for its products worldwide. About half of the new jobs...

Public Service rebates turn energy savings into dollars. (impact on Colorado business)
February 15, 1991... Public Service rebates turn energy savings into dollars One day, Jim Crossman happened across his neighbor planting trees to absorb carbon dioxide, which he believed was contributing to global warming. Noticing the neighbor's 75-watt...

Mining fees may skyrocket under proposed legislation. (proposed Colorado law)
February 15, 1991... Mining fees may skyrocket under proposed legislation A proposed state law that would double and quadruple some Colorado mining fees and make local governments start paying the state for gravel mining is being considered by the Colorado...

Oil biz wins two rounds at statehouse. (Colorado petroleum industry drilling and development)
February 15, 1991... Oil biz wins two rounds at statehouse Oil industry lobbyists had a good week at the statehouse. Legislation that would liberalize certain drilling requirements in Colorado moved one step closer to passage, while a bill that attempted...

Tight credit markets help push Sterling Cable into bankruptcy.
February 15, 1991... Tight credit markets help push Sterling Cable into bankruptcy Cable television operator Sterling Cable Fund Inc. filed for Chapter 11 bankruptcy protection Feb. 5. The publicly held company, formed in March 1988 and based in Englewood,...

Cashel tunes into KDEN for $575,000. (acquisition of all-news AM radio station)
February 15, 1991... Cashel tunes into KDEN for $575,000 All-news AM radio station KDEN has been sold for $575,000 to Cashel Inc., owned by Denver resident John McGuinness, pending approval by the Federal Communications Commission. A Dec. 27 FCC filing...

Sick-child care plans anything but contagious among local businesses. (Denver, CO)
February 15, 1991... Sick-child care plans anything but contagious among local businesses When Ann Rath first suggested Porter Memorial Hospital create a special day care center for sick children, her reasons were not entirely unselfish. "I'm a single...

AARP recruiting businesses to help employees get fit to retire. (Association of the Advancement for Retired Persons)
February 15, 1991... AARP recruiting businesses to help employees get fit to retire Mention retirement planning and most people think of one thing -- money. But there are other critical components of retirement planning that people need to consider, usually...

Study offers clues to the mystery of workers' comp costs. (Colorado)
February 15, 1991... Study offers clues to the mystery of workers' comp costs New data should help lawmakers in drafting far-reaching new law The call for data by workers' comp reformers is about to be answered. Preliminary results of a long-awaited...

Minproc Corp.
February 15, 1991... Minproc Corp., wholly-owned subsidiary of Minproc Holdings Ltd., appointed Guillermo Blacker as president of Minproc Engineers Inc.

Gold Express Corp.
February 15, 1991... Dave LaFleur joined G. E. Moore Communications Inc. as art director.

SBA lending gets lift in metro area. (Small Business Administration loan program increases will impact Denver, CO small businesses)
February 8, 1991... SBA lending gets lift in metro area Small business can expect the flow of funds from a key Small Business Administration loan program to more than double this year. About $9 million of the SBA's low-interest 504 loans were approved...

The health debate: quick fix or major surgery? (health care for Colorado residents)
February 8, 1991... The health debate: Quick fix or major surgery? The 440,000 Coloradans unable to pay for their own health care are draining the state's pool of health care dollars, and the state Legislature is debating measures to repair the cracks or...

Neosource illuminati transform light into art. (Denver, CO custom lighting fabricator)
February 8, 1991... Neosource illuminati transform light into art At first glance, the light had a slight blush to it. "It's awfully pink . . . too pink," said one voice in the darkened workroom. "It's at 3,000," said a second voice. "Let's make a...

Roulier challenges DURA plan to pick hotel's developer. (Jay Roulier; Denver Urban Renewal Authority)
February 8, 1991... Roulier challenges DURA plan to pick hotel's developer Even as the Denver Urban Renewal Authority embarks on its new plan to bring a convention-center hotel to downtown Denver -- a plan endorsed by many downtown proponents -- one prominent...

Investment trusts gain clout as real estate financing vehicles. (impact of real estate investment trusts on Denver, Colorado real estate development) (Commercial Real Estate: A Denver Business Journal Special Report)
February 8, 1991... Investment trusts gain clout as real estate financing vehicles Real state investment in Colorado and elsewhere in the United States could change dramatically in the years ahead, with more investors turning to real estate investment trusts --...

TCI will buy building it leased last year, industry sources say. (Tele-Communications Inc.)
February 8, 1991... TCI will buy building it leased last year, industry sources say Tele-Communications Inc. is under contract to purchase the 231,000-square-foot Terrace Tower II building in the Denver Technological Center for $16.7 million, sources in the...

Colorado's 5-year-old residential exodus comes to a halt.
February 8, 1991... Colorado's 5-year-old residential exodus comes to a halt Colorado has reversed a 5-year-old exodus of its residents. For the first time since 1985, more people moved into the state than moved out, according to a new report from the...

DBJ heads uptown, will lease new office at 1700 Broadway. ("Denver Business Journal")
February 8, 1991... DBJ heads uptown, will lease new office at 1700 Broadway The Denver Business Journal is about to sign a six-year lease for 7,200 square feet on the fifth floor of Two United Bank Center at 1700 Broadway. The company will move in April....

Alarm company sets big partnership offering. (includes related article on Security Data Group Inc.'s finances)
February 8, 1991... Alarm company sets big partnership offering Englewood-based Security Data Group Inc., one of the top alarm-monitoring companies in the country, is preparing a limited partnership offering that principals say could raise as much as $100...

Big price increase for popular phone service upsets agents. (U S WEST Communications Inc.'s Centron business service)
February 8, 1991... Big price increase for popular phone service upsets agents Authorized agents of U S WEST Communications Inc. are scrambling to adjust to major price increases for the telephone company's Centron service. Centron, a popular business...

Kaiser, Northwestern Natl. consider local joint venture. (Kaiser Foundation Health Plan of Colorado; Northwestern National Life Insurance Co.; health maintenance organization-health insurance dual product venture)
February 8, 1991... Kaiser, Northwestern Natl. consider local joint venture Kaiser Foundation Health Plan of Colorado could pull further away from its competitors by moving closer. Kaiser, Colorado's largest health maintenance organization, has been...

Aspen Imaging plants future in toner. (Aspen Imaging International Inc. acquires Ikselah Corp.)
February 8, 1991... Aspen Imaging plants future in toner A Lafayette computer ribbons manufacturer has taken a major step to boost lagging sales with the purchase of a laser printer toner manufacturer. Aspen Imaging International Inc., formerly Aspen...

Bill forces car shops to help save ozone. (Colorado law requiring automobile repair shops to recycle air conditioner refrigerants)
February 8, 1991... Bill forces car shops to help save ozone Thousands of Colorado automobile repair shops would be required to buy a $3,000 machine to capture air conditioner refrigerants under a bill being considered by the state Legislature. The...

Sevo Miller Inc. expanding, targets office leasing market; plans include beefing up investment brokerage activity. (Commercial Real Estate: A Denver Business Journal Special Report)
February 8, 1991... Sevo Miller Inc. expanding, targets office leasing market Plans include beefing up investment brokerage activity Not content with one iron in the fire, Sevo Miller Inc. is hiring some outside real estate experience in an effort to...

Portable office takes to road with ISI system for truckers. (Information Solutions Inc.'s Cellular Automated Transmission system)
February 8, 1991... Portable office takes to road with ISI system for truckers Picture the popular image of the portable office: well-dressed executives, using time wisely with a cellular phone, fax machine and laptop personal computer at their side in their...

UA group buys into cable systems sale. (United Artists Entertainment Co. forms American Cable TV Investors 5 Ltd.)
February 8, 1991... UA group buys into cable systems sale An Englewood-based limited partnership has entered into non-binding letters of intent to purchase a Florida cable system for as much as $60 million and a southern California system for $29 million. ...

Few companies cleaning up in asbestos-abatement work.
February 8, 1991... Few companies cleaning up in asbestos-abatement work The rapid rise and fall of the asbestos-removal industry has left some companies floundering, but Burdco Environmental Inc. has survived the hard times and is optimistic about the future....

Dresco Inc. will publish directory of office space. (Denver and surrounding counties in Colorado)
February 8, 1991... Dresco Inc. will publish directory of office space Dresco Inc., publisher of the Roddy Report, is about to publish the Roddy Office & Leasing Encyclopedia, a database describing 1,500 office buildings of 10,000 square feet or more...

For strip retail projects the shopping spree is on; sale prices rise for the first time in five years. (Commercial Real Estate: A Denver Business Journal Special Report)
February 8, 1991... For strip retail projects THE SHOPPING SPREE IS ON Sale prices rise for the first time in five years In yet another sign of Denver's recovering real estate market, prices paid for metro-area retail properties have increased for the...

Apartment market healthy; sales rise, foreclosures drop. (Denver, Colorado and surrounding counties) (Commercial Real Estate: A Denver Business Journal Special Report)
February 8, 1991... Apartment market healthy; sales rise, foreclosures drop With apartment markets on the East and West coasts cooling, it's no wonder buyers from both coasts are flocking to Denver, helping to heat up a market once known for its glut of...

Olga Plam Designs Inc. (People - Advertising and Public Relations)
February 8, 1991... Olga Plam, formerly creative director at Silver Deer Inc., started a new business called Olga Plam Designs Inc. She will work as a free-lance artist, specializing in designing figurines for the gift industry.

David Delcour. (People - Natural Resources)
February 8, 1991... David Delcour was appointed president of Amax Resource Conservation Co. in Golden.

Larry Berkowitz. (People - Natural Resources)
February 8, 1991... Littleton City Attorney Larry Berkowitz was elected to his fifth term as president of the Metropolitan Denver Water Authority.

Taubman pushes bill to limit Regency-type districts. (The Taubman Co.'s dispute with Regency Fashion Centre generates new bill to restrict business improvement development) (Cover Story)
February 1, 1991... Taubman pushes bill to limit Regency-type districts Last year's squabble between The Taubman Co. and developers of the proposed Regency Fashion Centre has boiled over into the 1991 session of the Colorado General Assembly, as legislators...

Amex said to be negotiating for Millennium One building. (American Express Co. considers occupying Millennium One building, Englewood, Colorado) (Cover Story)
February 1, 1991... Amex said to be negotiating for Millennium One building American Express Co. is negotiating to occupy much of the 240,000-square-foot Millennium One building in Englewood, possibly adding hundreds of jobs to its Denver operations during the...

Dental-probes find some comfort in Sion's electronic gum number. (Sion Technology Inc.'s Ultra Calm gum numbing device) (Cover Story)
February 1, 1991... Dental-phobes find some comfort in Sion's electronic gum number When Michael O'Neill visits his dentist, he is anything but calm. It's no surprise, then, that O'Neill helped invent UltraCalm, a device that uses electrical current...

Hauser's success linked to fate of threatened Pacific yew tree. (Hauser Chemical Research Inc.) (Cover Story)
February 1, 1991... Hauser's success linked to fate of threatened Pacific yew tree Fast-growing Hauser Chemical Research Inc. is basking in the shade of the Pacific yew tree, the raw material for its chief product, a chemical called taxol. But the Boulder...

This firm has vacant office for 200 - and planned it that way. (Data Assurance Corp. opens ready-made office for clients)
February 1, 1991... This firm has vacant office for 200 -- and planned it that way How do you keep doing business when your office is swamped with a flood? An Englewood company thinks it has the answer. Data Assurance Corp. is opening the Rockies' first...

Court ruling puts Rose, University venture on hold. (University Hospital and Rose Medical Center joint venture on hold)
February 1, 1991... Court ruling puts Rose, University ventures on hold In the wake of a Colorado Supreme Court decision declaring unconstitutional the privatization of University Hospital, plans for a joint venture between the hospital and neighboring Rose...

CoCa Mines is likely to move after merger with Idaho firm. (Hecla Mining Co. of Coeur d'Alene, Idaho)
February 1, 1991... CoCa Mines is likely to move after merger with Idaho firm CoCa Mines Inc. won financing for a $50 million gold mining project last week but lost its independence. "We were looking for a solution to a problem," said Thomas Congden,...

Behre Dolbear sold to New York firm. (Dunn Geoscience Corp., mineral consulting company)
February 1, 1991... Behre Dolbear sold to New York firm Dunn Geoscience Corp., a major East Coast mineral consulting company, has bought struggling Behre Dolbear & Co., a consulting firm with offices in Denver and New York City. The acquisition adds two...

New gallbladder procedure may help cure Medical Dynamics. (Medical Dynamics Inc.'s surgical cameras used in laparoscopic cholecystectomy)
February 1, 1991... New gallbladder procedure may help cure Medical Dynamics When Karen Sowell scheduled the removal of her gallbladder last spring, the newspaper executive was given a choice: traditional surgery and a six-week recovery or a new procedure that...

Jones U. enrolls in nationwide TCI deal. (Mind Extension University and Tele-Communications Inc. sign agreement)
February 1, 1991... Jones U. enrolls nationwide in TCI deal Glenn Jones' dream of using cable television to expand the minds and educational opportunities of Americans took a significant step forward recently with the signing of an agreement between...

Prima Energy Corp. (Taking Stock)
February 1, 1991... Prima Energy Corp. NASDAQ: PENG Prima Energy Corp. is an independent oil and gas company engaged in the exploration for and acquisition, development and production of crude oil and natural gas, with the major emphasis on the Rocky...

Kathleen Byington. (People)
February 1, 1991... Kathleen Byington was named president and chief executive officer of the Colorado State University Foundation.