Vail Valley business briefs, March 3
Three Sisters Mountain Village, an 1,800-acre mountain resort near Banff, Alberta, has filed for bankruptcy protection in Canadian courts. The project had been managed for about a year by East West Partners.According to East West Partners President Harry Frampton, the local company was hired to manage the project shortly after Morgan Stanley Real Estate purchased a controlling share of the resort in December 2007.Morgan Stanley apparently decided that with the economy the way it is now, it didnt make sense to continue, Frampton said. He added that Morgan Stanley essentially gave the project back to the original lender, HSBC.With Morgan Stanley out, East West Partners has also left the project, Frampton said. We were disappointed, Frampton said. Wed made some pretty good plans there.
Heres a look at the latest events from the Eagle Valley Chamber of Commerce: J.L.Haneke Financial & Insurance Services Inc. in Edwards is hosting weekly money-saver meetings through March. The meetings will be held at the companys office, 275 Main St. Unit G001 in Riverwalk at Edwards, from 8:30 to 9:30 a.m. with coffee and breakfast served. During the meetings, company representatives will present tips on how to save money and ride out this economic slump.The next meeting is March 12, and the topic is Saving Money on Your Home and Auto Insurance.For more information, call 970-926-7315. The annual Relay for Life project will hold its first team captains meeting March 12. For more information, call event chairwoman Jean Bennett at 970-390-6524 or Jane Bennett at 970-390-1302. On the Web, go to http://www.eaglerelayforlife.com. The next Eagle Valley Chamber of Commerce mixer is March 19 from 5:30 to 7 p.m. at the AmericInn Lodge and Suites in Eagle. Join other chamber members for wine, cheese and conversation.For more information, call AmericInn general manager Lonnie Leto at 970-328-5155. The Western Slope Home and Recreation Expo will be held at the Eagle River Center in Eagle on April 25 and 26. Saturday hours are 10 a.m. to 5 p.m. Sunday hours are 10 a.m. to 4 p.m. The events intent is to give homeowners and builders an opportunity to see thousands of home ideas under one roof. There are 114 booth spaces available. Event sponsor NRC Broadcasting also will host a kids zone with bouncy castles and fun activities. For more information or to become a sponsor or a vendor, contact Alexandra Campbell at 970-949-0140 or e-mail firstname.lastname@example.org.
Microgy Inc., a subsidiary of Environmental Power Corp., and Xcel Energy recently announced they have entered into a long-term renewable natural-gas supply agreement, subject to approval by the Colorado Public Utilities Commission.Xcel Energy will use renewable natural gas to generate carbon-neutral electricity at the companys Fort St. Vrain Generating Station near Platteville, north of Denver. The agreement will help Xcel Energy continue to meet its mandates under the states Renewable Energy Standard and support the companys efforts to reduce carbon-dioxide emissions.Microgy expects to begin construction on its first Colorado renewable natural gas facility during the first half of 2010. It will produce enough energy to generate 125,000 megawatt-hours of electricity, or the equivalent power use of 17,000 homes in Colorado per year.To learn more, go to http://www.environmentalpower.com or http://www.xcelenergy.com.