Garden of sculptures
A 27-acre sculpture garden featuring world-renowned Zimbabwean art is planned for Centerra, a burgeoning neighborhood in Loveland. Several stone sculptures providing a glimpse at ancient African culture will be scattered throughout the garden, scheduled to open in August 2006. Loveland officials dedicated two Zimbabwean sculptures in other parts of the city last week: “Entranced by the Mbira,” at Fourth and Adams streets, and “The End of Hope,” at the Loveland Civic Center. More than 1.5 million square feet of retail, office and medical space is being built at Centerra, a 3,000-acre development at Interstate 25 and U.S. 34. It also will include 5,100 homes and a 103-room Residence Inn expected to break ground next month.
Work garners awards
Slaterpaull Architects in Denver is the design team behind two high-profile makeovers of historic landmarks that continue to receive awards.
The Molkery at Montclair Park snared accolades from the Colorado Historical Society and Historic Denver Inc. Built in 1888, the Molkery provides space for community events.
The Tivoli Student Union won Historic Denver’s Community Preservation Award. Built in 1870, it serves as a student hub for the Auraria campus.
Prison in asbestos case
David Backus of Cheyenne was sentenced to 18 months in federal prison and three years probation after pleading guilty to charges stemming from the botched cleanup of asbestos at Fort Morgan High School. The 1999 work endangered lives and shut down the campus for several months, federal prosecutors said.
30-year mortgage rate falls to 3-month low
The national average rate on a 30-year mortgage fell last week to a three-month low of 5.71 percent, signaling a further pickup in the housing market, U.S. mortgage purchaser Freddie Mac said Thursday. The 30-year rate declined from 5.77 percent the previous week. The 15-year fixed rate fell to 5.27 percent, and the one-year adjustable rate rose to 4.26 percent. Below are average mortgage rates in Denver, Adams and Arapahoe counties as of Thursday and the previous 52 weeks. The one-year Treasury bill average reported by the Federal Reserve is 3.35 percent. The Cost of Funds Index for March from the Federal Home Loan Bank was 2.4 percent.
