DENVER (AP) — The sale of struggling Mile High Banks could leave investors in the bank's holding company high and dry.
Big Sandy Holding Co., the Longmont-based bank's owner, filed for Chapter 11 bankruptcy last month after announcing it had signed a deal to sell to a Texas banking group for $5.5 million.
According to the Denver Post (http://tinyurl.com/c8et9pc), holders of about $44 million in unsecured debts are worried that they'll end up losing their investments.
The sale can be approved only after a public auction, scheduled to close Dec. 6.
Another buyer would have to beat the amount offered by El Paso-based Strategic Growth Bancorp. The buyers said they will provide as much as $90 million in additional capital. They have already loaned $1 million in working capital.
PAGOSA SPRINGS (AP) — The Wolf Creek ski area in southwest Colorado plans to open for the season Wednesday after reporting 20 inches of snow from a recent storm.
Wolf Creek was reporting an 18-inch base at mid-mountain as of Monday.
Winter Park Resort also plans to start its season Wednesday, and Eldora Mountain Resort is scheduled to open Friday.
Resorts have been welcoming snow after going through a drier-than-normal season in much of the state last winter.
It's not clear what this season will look like. The National Oceanic and Atmospheric Administration's Climate Prediction Center said in October that the odds favor warmer-than-average temperatures across Colorado from now until January. The Climate Prediction Center's last U.S. Drought Outlook said drought is likely to persist over the next few months.
ALBUQUERQUE, N.M. (AP) — Thousands of military homes in southern New Mexico and West Texas will be fitted with solar panels as part of a $1 billion plan by a California company to bring solar to military installations across the country.
SolarCity on Tuesday announced it will be installing photovoltaic panels on homes at White Sands Missile Range in New Mexico and Texas' Fort Bliss.
The company is already working with housing managers at bases in Arizona, California, Colorado and Hawaii.
In all, SolarCity aims to install photovoltaic systems on as many as 120,000 military homes over five years.
Company officials say the systems at Fort Bliss and White Sands will be capable of offsetting more than half of the electricity typically used in each community.
Army officials say Fort Bliss has a goal of being energy self-sufficient by 2018.
TODAY IN HISTORY
In 1789, Benjamin Franklin wrote in a letter to a friend, Jean-Baptiste Leroy: “In this world nothing can be said to be certain, except death and taxes.”
In 1927, the Holland Tunnel opened to the public, providing access between lower Manhattan and New Jersey beneath the Hudson River.
In 1942, President Franklin D. Roosevelt signed a measure lowering the minimum draft age from 21 to 18.
In 1956, the U.S. Supreme Court struck down laws calling for racial segregation on public city and state buses.
-- “Lunch and a Movie,” bring your lunch and watch Moonrise Kingdom,” noon-2:30 p.m., Penrose Library, 20 N. Cascade Ave., free.
-- “Learn Japanese,” 6-7:30 p.m., East Library, 5550 N. Union Blvd., free.
Reading with authors Rawi Hage and Madeleine Thien, 7 p.m., Colorado College, Bemis Hall, 920 N. Cascade Ave., west of Cutler Hall, free.
-- Lanner Faculty Artist Concert Series, 7:30 p.m., Colorado College, Packard Hall, 5 W. Cache La Poudre St., free.
-- Book Group, “Farenheit 451” by Ray Bradbury, 7:30 p.m., Barnes & Noble, 795 Citadel Drive East.
-- Daniel Ellsworth and the Great Lakes, with Briffaut, 8 p.m., The Modbo, 17C Bijou St., $7 suggested donation.