Denver Business Journal articles from June 1998

Denver Business Journal archives from June 1998

Bankruptcy soaks Denver Water.
June 5, 1998... Zell firms won't pay for main break One year after the city's worst water main break, the Denver Water Department is battling with Sam Zell, one of the richest men in America, over a $20 million damage claim. Denver Water argues the 66-inch...

Watchdog may shut region HQ. (Federal Trade Commission; Denver, Colorado)
June 5, 1998... FTC pulls up stakes to focus on antitrust The Federal Trade Commission wants to remove Denver as a regional center in its battle against consumer fraud. Consumer advocates in the area are fighting the decision, but so far appear powerless to...

E-470 links the 'burbs. (Public Highway Authority)
June 5, 1998... The E-470 Public Highway Authority plans to unveil 19 new miles of tollway it has quietly assembled on the metro area's eastern edge. Delayed seven years and built largely out of public view, the new highway may catch many people by surprise....

Kaiser programs fast data link. (Kaiser Permanente)
June 5, 1998... Doctors team up with IBM on system Doctors at Kaiser Permanente have spent the better part of this decade on a project that isn't designed to save the company a dime. After more than seven years of development with IBM, Kaiser Permanente is...

Timet may face new rules: titanium dumping decision due soon. (Titanium Metals Corp.)
June 5, 1998... Denver-based Titanium Metals Corp. could soon have more competition from overseas. The International Trade Administration is holding hearings June 8 to decide whether it should eliminate so-called "anti-dumping" duties on titanium sponge...

TickeTV thinks big for small audiences.
June 5, 1998... TickeTV has big plans for little cable markets, rolling out a system to bring pay-per-view programing to rural communities across the country. The Denver-based company envisions selling to markets that lack the live entertainment options such...

Iomega considers campus in Longmont. (Iomega Corp.)
June 5, 1998... Iomega Corp., the Utah-based maker of one of the world's most popular computer disk drives, is considering building a campus in the Longmont area, according to real estate sources. The company recently inked a lease for 115,000 square feet at...

Denver being scouted by a California eatery. (Blue Chalk Cafe)
June 5, 1998... Denver is one of the cities being scouted by a San Francisco-area restaurant chain. Maurice Werdegar, co-founder of the Blue Chalk Cafe restaurant company, said he's looking at sites in Arizona, Denver, Las Vegas and Southern California. The...

21st century technology beckons users. (business technology)
June 5, 1998... It's all in the numbers. The future of business is all tied up in the zeros and ones of computer code, as digital technology changes the way companies operate and communicate. And by 2001, a year into the new century, the modern office...

Denver hospitals filled to capacity: growth fuels soaring patient load.
June 12, 1998... Commuters navigating the hazards of Interstate 25 aren't the only ones feeling the crunch of Denver's population boom. With increasing and troubling regularity, metro area hospitals are sending patients to neighboring, and often competing,...

Top pay at $500K for execs: does compensation border on excessive? (Denver, Colorado's highest paid executives)
June 12, 1998... The pay stubs of Denver's most highly compensated executives gained some serious bulk last year. It took $585,000 in salary and bonuses to make The Denver Business Journal's list of Denver's 50 highest paid executives this year. Last year it...

Making his own waves. (Denver Water manager Hamlet Barry)
June 12, 1998... In trying to reform one of the oldest and most powerful institutions in the state, Hamlet "Chips Barry has had to be a politician, a mediator, an activist, a visionary and a savvy negotiator. Like a 1970s game show host, the manager of Denver...

Norwest, Wells Fargo forces rivals' hands. (merger between Norwest Bank Colorado N.A. and Wells Fargo Bank N.A.)
June 12, 1998... Norwest Bank Colorado CEO John Nelson received a call around 5:15 a.m. Monday morning. Wells Fargo Regional Vice President Paul Nussbaum received one about a half-hour later. Banking in Colorado would never be the same. Their chief...

TransMontaigne leads the pack. (TransMontaigne Oil Co.)(Top 100: A Special Report on Colorado's Fastest-Growing Public Companies)
June 12, 1998... Welcome to The Denver Business Journal's report on the Top 100 publicly traded companies in Colorado. Many of the companies that appear on this year's list have led our state for years. Others are relative newcomers. A few high-profile...

Villa Italia edges toward a revamp. (Villa Italia Shopping Center, Lakewood, Colorado)
June 12, 1998... Ailing Villa Italia Shopping Center in Lakewood is at a critical crossroads that may finally set in motion the redevelopment of the has-been mall. The 32-year-old, 1.2 million-square-foot retail property - the Denver area's fourth-largest mall...

Taylor tapped for market research skills: sports firm Bonham Group picks veteran of CBS, NFL, NBA. (Tim Taylor)
June 12, 1998... Tim Taylor, head of the Bonham Group Inc.'s recently created market research arm, will not play the race card. Before taking his new job at the Denver-based sports marketing firm, the 36-year-old African-American put in seven years at the...

Ad campaign touts Denver as high-tech site. (Metro Denver Network)
June 12, 1998... Taking advantage of Denver's growing reputation as a high-tech hub, the Metro Denver Network is launching a national print advertising campaign aimed at bringing more technology companies to town. "The key to the campaign is targeting the CEOs...

Guide serves niche; entrepreneurs create Spanish phone book. (Paginas Amarillas de Colorado)
June 12, 1998... Entrepreneurs create Spanish phone book In 1994, Martha Rubi and Monica Vega-Christie had an idea that would combine Rubi's marketing and advertising sales talent and Vega-Christie's graphic design and publications expertise. Hispanic...

Amtrak loses big on Denver route. (railroad route in Denver, Colorado)
June 19, 1998... Subsidy soars despite full Zephyr cars The California Zephyr passes through Denver packed with passengers every day on its 2,400-mile trip from Chicago to San Francisco. "The trains run full all summer. They run pretty full all the time. We...

From dams to suburbs.(Company Profile)
June 19, 1998... When California-based Shea Homes bought what's left of Colorado's sprawling Highlands Ranch residential development in Douglas County in 1997, one local rival was unfazed. The Shea company knows its way around big projects, having helped...

Mills explores Denver outlet mall. (Mills Corp's search for a site in Denver, Colorado, to construct an outlet mall)
June 19, 1998... Developer would need 300-acre site The Mills Corp. of Arlington, Va., a developer of a new breed of massive outlet mall, is seriously looking at a couple of sites for such a property in the Denver area, the company confirmed this week....

Investors bet on Colorado casinos.
June 19, 1998... Black Hawk developers will unveil a slew of new casinos designed to lure gamblers with the latest and greatest. If they succeed, the biggest payoffs won't go to those dropping coins in the slot machines, but to Wall Street investors who have...

Qwest reaches overseas, prepares service in Europe. (Qwest Communications International Inc's offering of long-distance services in Europe)
June 19, 1998... Qwest Communications International Inc. will soon offer its own long-distance service in Europe, company executives said, marking its first push to build a customer base on the continent. "We will shortly be marketing voice service out of...

Financing operation opens office in burbs. (Donaldson, Lufkin YU Jenrette Inc's establishment of an operation in Denver, Colorado)
June 19, 1998... Donaldson, Luffkin & Jenrette Inc., a Park Avenue financial services giant, has established an operation in the Denver area, Sort of. In May, DLJ opened a branch of its Atlanta-based Column Financial Inc. mortgage lending subsidiary in...

Englewood firm unveils CD-ROM for preschool crowd. (FasTracKids International Ltd's supplementation educational CD-ROM for preschoolers)
June 19, 1998... After spending the better part of his career training executives, Hal Krause, chairman and CEO of FasTracKids International Ltd., has decided to approach his customers a little earlier in life. In his latest venture, Krause is pairing with an...

St. Mary Land stock drop thwarts $48 target. (St. Mary Land & Exploration Co)
June 19, 1998... A soft commodities market and some disappointments in the exploration and production arena have depressed the stock of one of Denver's largest independent oil and gas producers. Oil and gas analysts were forecasting as recent as the middle of...

Creatine pays off despite health warnings.
June 19, 1998... Golden EAS has 44% share of $180M It's the clean steroid. The supreme supplement. The hottest powder to hit sports since cocaine. In the age of Viagra and Allegra, creatine monohydrate appears to be the magic supplement for athletes of all...

Crunch time for ambulance drivers: M.D. group acts to slow diversions. (rules on hospital patient diversions established by Denver Metro Area Physician Advisors with ambulance companies in Colorado)
June 26, 1998... Every day, hundreds of people in Denver put their lives in the hands of paramedics. What many don't realize is that while an ambulance ride might be the safest way to get to the hospital, it may not be the fastest. All too often, medics in...

Tale of an export tiger. (profile of Morgan Smith, director of Colorado International Trade Office)
June 26, 1998... After spending the last eight years in office and his career serving the state of Colorado, one of the state's most committed public servants is preparing to step down from his post - and it's not who you think. Although much attention will be...

Name game heats up: Coca-Cola possible suitor for stadium. (naming rights for Mile High Stadium in Denver, CO)
June 26, 1998... Coke may be it. Atlanta-based soft-drink giant the CocaCola Co. is chasing the naming rights for the proposed new $350 million Mile High Stadium, according to informed sources. The company also supposedly would want pouring rights there....

Denver: front line in telecom battle. (proposed merger between AT&T Corp. with Tele-Communications Inc.)(includes related article on AT&T and TCI's chairmen)
June 26, 1998... Deal spurs push for deregulation AT&T Corp.'s proposed merger with Tele-Communications Inc. could make Denver an epicenter for telecommunications competition. The deal announced June 24 will fold TCI's cable operations into a new unit called...

Traffic access eased in new DOT regulations. (Department of Transportation's State Highway Access Code in Colorado)
June 26, 1998... Changes to the State Highway Access Code will make it easier for developers to build along state highways, a move that critics say could bottle up traffic along Denver's major thoroughfares. The 1985 access code limited the number of driveways,...

Lowry marketing push begins. (marketing efforts for development of the Lowry Air Force Base in Colorado)
June 26, 1998... The materials critical for redeveloping the former Air Force base at Lowry aren't limited to brick and mortar. The Lowry Redevelopment Authority also is investing in a $1.2 million marketing campaign to transform the old military installation...

Colorado counties report economic booms.
June 26, 1998... By a Business Journal Staff Reporter While metro Denver, with a work force of 1.1 million and soaring retail sales, has become the engine of economic growth for Colorado, nearly every region outside the metro area also is reporting gains. The...

Rocky Mountain National Park getting revamp. (Colorado)
June 26, 1998... This summer, visitors to Rocky Mountain National Park can observe their entrance fees at work, without the annoyance of major closures and delays. The park plans to spend $5.5 million on maintenance and repairs over the next three months,...

Five Points businesses get help. (loans offered by Colorado Microcredit Inc. to small businesses based in Five Points, CO)
June 26, 1998... Colorado Microcredit offers loans to minority entrepreneurs More than 40 new businesses have been started thanks to loans from a nonprofit group in the Five Points area. Colorado Microcredit Inc. offers loans to people who do not have access...