Northern Colorado News Briefs
Sports Park planned for WindsorGround is set to break this fall on a $255 million sports complex in Windsor, CO aimed at reviving the game of baseball as well as giving visitors a place to "stay and play." The complex will have a 10,000-person capacity, school and collegiate fields, youth fields, T-ball fields, baseball and softball fields, a Miracle Field for players with disabilities, along with designated acreage for commercial development. The park will be located at Colo. 257 and Weld County Road 74. Click here to read more!
Check out BizWest's Breaking GroundBizWest added a portal to their website dedicated to tracking the latest real estate developments in Northern Colorado and Boulder Valley. The portal is updated daily with detailed information about each project, including location, description, key players and if available links to respective documents on file with local planning departments. You can access the site at bizwest.com/breakingground/.
Northern Colorado Community Foundation hits $100M benchmarkThe Northern Colorado Community Foundation recently cleared a new benchmark by officially raising over $100M in charitable funds. The foundation was created in 1975 as a means to raise funds so then Lincoln Junior High School could be converted into the current day Fort Collins Lincoln Center. After a successful start the foundation expanded to serve the entire Northern Colorado region. Funds raised are distributed through grants and program distributions to support charitable causes. You can learn more about the foundation at: www.nocofoundation.org.
Fort Collins #1 stable marketRealtor.com released a list of the 8 most stable housing markets in the country and Fort Collins took the #1 spot. Here is the list of the Top 8 Most Stable Markets (in rank order) along with their respective price appreciation in 2016: (1) Fort Collins, Colo.: 7% (2) Madison, Wis.: 10% (3) Durham, N.C.: 10% (4) Honolulu: 9% (5) Greenville, S.C.: 10% (6) Ann Arbor, Mich.: 10% (7) Manchester, N.H.: 9% (8) Salem, Ore.: 11%.
Regional unemployment rate below 3%The Colorado Department of Labor & Employment recently released a report showing that the unemployment rate in Boulder Valley and Northern Colorado was below 3% in March and the state of Colorado reached its lowest rate in 40 years coming in at 2.6%. The rates came in as follows in March: Boulder County 2% unemployment rate, down from 2.8 percent in February; Larimer County 2.1%, down from 3%; Broomfield County 2.3%, down from 3.1%; and Weld County 2.4%, down from 3.3%. The report is based on a monthly survey of households and is not adjusted for seasonal workers. In the same time period the national unemployment rate came in at 4.5%.
CU Boulder index: Colorado business confidence stableThe University of Colorado Boulder's Leeds School of Business found that the state's business confidence is stable as we head into the 2nd Quarter of 2017. Their Leeds Business Confidence Index showed an uptick of 3.1 points from last quarter and is up by 8 points from one year ago. The index takes into account the state economy, national economy, hiring plans, capital expenditures, industry sales and industry profits. In February, the industries experiencing the largest gains in employment were in construction, other services and education and health services.