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Vail Valley business briefs

Daily Staff ReportsVail, CO, Colorado

AVON The Westin Riverfront Resort & Spa held its third annual Fourth of July party this year in the conference space and wedding lawn of the new condo/hotel project. More than 500 owners, brokers, Westin team members and others attended.The Kathy Morrow Quartet played at the celebration, which also included dinner, drinks and fireworks. The partys kid zone included face painting, games and 3-D glasses for the fireworks. Guests took in Avons fireworks display from the top of the Riverfront Express Gondola, and a few riders saw the display from inside a color-changing cabin. East West Partners, the developer of the Westin Riverfront Resort & Spa, holds the party to thank buyers, brokers, employees and partners. The hotel is expected to open sometime in late summer or early fall.The Westin Riverfront Resort and Spa is one of just five Westin ski resort hotel/condo projects. The hotel will include a 23,000- square-foot spa, a 25-meter saline swimming pool, three riverside hot tubs and the Restaurant Avondale, owned and operated by Thomas Salamunovich of Larkspur Restaurant fame. Sales are reportedly strong, with more than two-thirds of the residences sold. For more information, visit http://www.westinriverfront.com or call 970-748-5420.

GLENWOOD SPRINGS The American Bankers Association ranked Alpine Bank of Colorado eighth nationally as a Top Performer in the June issue of ABA Banking Journal magazine. Alpine Bank was rated in the non-S banks and thrifts greater than $100 million in assets category. Alpine Bank is the only Colorado bank ranked in the top 25 for 2008 in this category and has moved up substantially, from 38th in 2007.Recently, the Independent Community Bankers of America also listed Alpine Bank as one of their top 20 performers.

SUMMIT COUNTY More cars used the Eisenhower Tunnel this July Fourth holiday than last year, but this years traffic was fourth-lowest in the past five years.The Colorado Department of Transportation reports that 166,900 vehicles used the tunnels between July 3 and July 6. Last year, fewer than 145,000 vehicles used the tunnels between July 1 and July 4.While this years traffic was heavier, more than 170,000 vehicles used the tunnel over the July Fourth holiday in 2006. The previous holiday record of 168,805 was set in 2004.


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