Want Red Rocks? Newest Monopoly asks $1.4 million
What is Red Rocks Amphitheatre worth? If you’re playing Hasbro Inc.’s newest Monopoly game, $1.4 million.
“Here & Now” Monopoly is being marketed to “today’s would-be millionaires” and will be on store shelves Thursday. Players collect $2 million – not $200 – when they pass “Go.” A hotel for the Red Rocks site will cost $1 million.
Red Rocks represents Denver, replacing States Avenue from the original edition. New York’s Times Square replaces Boardwalk at $4 million. Also on the board are Boston’s Fenway Park ($3.5 million) and Disney World ($2.4 million) in Orlando, Fla. At $600,000, Cleveland’s Jacobs Field is the cheapest.
“Red Rocks is one of the world’s best concert venues, and Monopoly players will no doubt ‘get in the groove’ every time they land there,” said Jack Finlaw, director of the city of Denver’s Theatres and Arenas.
About 3.5 million Internet voters decided which landmarks from 22 U.S. cities should be featured and where they should land. Hasbro has released more than 200 versions of Monopoly, including ones based on colleges, sports teams and television shows.
BROOMFIELD
MWH Global to offer services to Air Force
Broomfield-based MWH Global is one of several companies that will provide engineering and construction services to the U.S. Air Force under a contract with the U.S. Army Corps of Engineers Omaha District.
The contract, worth up to $350 million, is expected to yield task orders for projects at facilities in Colorado and Wyoming, including the Air Force Academy and Peterson, Buckley, F.E. Warren and Shriever Air Force bases.
DENVER
Denver Newspaper Agency names CFO
David F. Licko, who has more than 30 years’ experience in the newspaper industry, has been named senior vice president of finance and chief financial officer of the Denver Newspaper Agency, the entity that handles the business operations for The Denver Post and the Rocky Mountain News. Licko begins Oct. 2, replacing former CFO Dan May, who left the agency last week.
Licko, 59, comes to Denver from Indianapolis, where he served as senior vice president of finance and group controller for Indianapolis Newspapers with responsibilities for five newspapers in Indiana, plus 16 other newspaper properties in 11 states.
VANCOUVER, British Columbia
Intrawest’s losses widen in 4th quarter
Ski-resort and real-estate developer Intrawest Corp. reported a loss of $24.3 million for the fourth quarter ending June 30, versus a loss of $19.2 million for the same quarter last year.
Its full-year profit rose to $115.2 million, up from $32.8 million in 2005 on gains from asset sales, including a $61.3 million after-tax gain from the sale of Mammoth Mountain Ski Area in California.
In Colorado, Intrawest owns Copper Mountain and manages Winter Park Resort. It is also in the process of a multimillion-dollar base development at Winter Park.
COLORADO SPRINGS
Lockheed team wins $590 million AF deal
A team led by Lockheed Martin Integrated Systems & Solutions in Colorado Springs won an Air Force contract worth up to $590 million to modernize air and space operations centers.
The contract announced Tuesday is for work through August 2010, according to the U.S. Department of Defense. But with options to extend the work, the contract could be worth up to $2 billion, according to Lockheed.
BROOMFIELD
YouTube.com selects Level 3 for support
Level 3 Communications announced Tuesday it has been selected by YouTube.com to support the company’s online video entertainment service.
Level 3, which offers Internet capacity in 82 markets, will connect YouTube’s data centers to its network. Financial terms weren’t disclosed.
DENVER
Auto insurer lowers premiums by 5.2%
The Drive Group of Progressive Insurance Cos. said Tuesday it has lowered automobile insurance premiums in Colorado by 5.2 percent for new customers effective Sept. 6 and would lower them by a similar amount for existing customers Oct. 16.
The company attributed the decrease, which is an average, to the state’s switch from a no-fault to a tort system in the summer of 2003. Drive Insurance said it has reduced average premiums by nearly 30 percent since then.
PHILADELPHIA
Comcast-Spectacor to start selling tickets
Comcast-Spectacor is jumping into the ticket-selling business at its major sports and entertainment venues, an enterprise announced Tuesday that will replace Ticketmaster and other companies that had provided the service.
ComcastTIX will serve all events at the Wachovia Center and the Wachovia Spectrum in Philadelphia as well as at Loveland’s Budweiser Events Center.
SAN ANTONIO
AT&T takes on cable with live TV on Net
AT&T Inc., the largest U.S. telephone company, is heating up competition with cable-TV rivals with a new live-television service for broadband Internet users.
AT&T will offer 20 channels of live and made-for-broadband TV content to people who subscribe to AT&T’s Web access in its 13-state local-phone territory and to those who subscribe anywhere in the U.S. from competing broadband providers.
VAIL
Vail Cascade Resort hires new manager
The Vail Cascade Resort & Spa announced Tuesday it has hired Dave Pease as its new general manager. Pease most recently worked at Vail Marriott Mountain Resort & Spa.
WASHINGTON
U.S. trade deficit hits all-time high in July
Soaring global oil prices sent the U.S. trade deficit to an all-time high of $68 billion in July, with Democrats hoping to take control of Congress claiming the figures showed Republican policies have failed.
