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  #201  
Old Posted Nov 17, 2007, 9:30 PM
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blm3034L!fe blm3034L!fe is offline
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Originally Posted by SnyderBock View Post
I know how we can both get rich, blm3034L!fe. All I need is your checking account information!
OMG No way! Hey that's great! Here ya go!

Good Stuff there Snyder.
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  #202  
Old Posted Nov 17, 2007, 9:48 PM
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You might try investing $50 a month into the T. Rowe Price Blue Chip Growth (TRBCX) or the Price New Era (PRNEX) mutual funds. They require a low minimum investment, and if you agree to have $50 a month deducted automatically from your checking account to be invested into your mutual fund, they will even waive the initial minimum investment. It's a great way for a guy like you to invest wisely for your future. Maybe that's more helpful information for you?
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  #203  
Old Posted Nov 17, 2007, 10:17 PM
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Thank you for the information Snyder I have heard good things about T Rowe Price. Maybe I will look into them? Thanks.

The Wife knows I prefer downtown, but I'll have to wait until the youngans are off to College before she will allow us to consider downtown Denver. Hell I'll be in my mid 40's by then and my financial situation will have improved at that point. To be honest it's not that bad now actually, but I currently would not be approved for a 500/700K home loan, a 250/350K loan yes but that doesn't go very far in Downtown Denver, in most Denver area suburbs 250/350K is just fine but not downtown. Not for what I would like anyway!

I gotta be so damn picky!!!

Last edited by blm3034L!fe; Nov 17, 2007 at 11:36 PM.
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  #204  
Old Posted Nov 18, 2007, 12:04 AM
davedensf davedensf is offline
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Thanks for the info on Pinnacle II, pablosan and blm. T. Rowe Price has a good set of mutual funds, by the way -- having most of my IRAs with them, I only managed to lose a little money during the tech crash of 2000 and 2001. Janus was a sadder, story, however, as I just had to put some of my money in a Denver-based company.

--dave
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  #205  
Old Posted Nov 18, 2007, 2:39 AM
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Quote:
Originally Posted by blm3034L!fe View Post
Thank you for the information Snyder I have heard good things about T Rowe Price. Maybe I will look into them? Thanks.

The Wife knows I prefer downtown, but I'll have to wait until the youngans are off to College before she will allow us to consider downtown Denver. Hell I'll be in my mid 40's by then and my financial situation will have improved at that point. To be honest it's not that bad now actually, but I currently would not be approved for a 500/700K home loan, a 250/350K loan yes but that doesn't go very far in Downtown Denver, in most Denver area suburbs 250/350K is just fine but not downtown. Not for what I would like anyway!

I gotta be so damn picky!!!
It's not best to over-extend yourself anyway. See foreclosures on the rise... There is nothing wrong with starting small, paying it down, fixing it up, investing extra money in other ways, then selling you house 10 years from now and suddenly you have the money for a place downtown!
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  #206  
Old Posted Nov 18, 2007, 4:07 AM
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Putting your kids through college.....

...makes for financial shock....even if they get scholarships, you still have to put out for some form of transportation and spending money. I worked every bit of o.t. I could get my hands on for 7 years. Hell, it was worth it though. Ever considered Capitol Hill?
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  #207  
Old Posted Nov 18, 2007, 6:18 PM
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Quote:
Originally Posted by davedensf View Post
Thanks for the info on Pinnacle II, pablosan and blm. T. Rowe Price has a good set of mutual funds, by the way -- having most of my IRAs with them, I only managed to lose a little money during the tech crash of 2000 and 2001. Janus was a sadder, story, however, as I just had to put some of my money in a Denver-based company.

--dave
No problem here is a current photo from the web-site... 11-18-07




I'd estimate by early Feb 08' we might see the tower from this angle.
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  #208  
Old Posted Nov 19, 2007, 4:01 AM
escodu05 escodu05 is offline
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Not sure where the Union Station thread is, and dont want to search:

http://friendsofunionstation.org/news.htm

On September 20th, Eric Anderson of Parsons Brinckerhoff, Senior Project Manager for the redevelopment of Union Station updated an audience of approximately 100 people at the Oxford Hotel (Friends of Union Station members and guests). He spoke about the then current plans for the redevelopment. Since that presentation, it is rumored that financial realities are dictating some significant changes to the project plans.

In accordance with Friends of Union Station’s commitment to keep the public informed about the project, we pass along the following with the caveat that, to our knowledge, no public announcements or meetings have taken place regarding this matter and as such should be considered hearsay.

Major points

The financial gap (shortfall) between projected funding and project costs ranges between $33,000,000 and $350,000,000.
Revised plans under discussion to close the gap include keeping the commuter and intercity rail lines at grade which would preclude 18th Street from extending to the Central Platte Valley.
Access to these rail lines would be via a pedestrian plaza over the tracks at the north end of the station site.
Regional and commercial buses, as well as the 18th Street Circulator, would access and exit the below grade proposed bus terminal via the current bus lane directly behind the station.
We’ve heard no comments about changing the site of the light rail terminal.

Friends of Union Station will post on this News Page the time and date of the next USAC meeting when it is announced.
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  #209  
Old Posted Nov 19, 2007, 4:13 AM
Giovoni Giovoni is offline
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I'm just be in another thread not vomiting...

but I will say this much.. and maybe E/W will hire me on because I'm sooooooo good at being straight with the public with numbers:
Tomorrow the Broncos will score (in my expert estimation) between (to the best of my knowledge) 0 and 55 billion points.
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  #210  
Old Posted Nov 19, 2007, 6:27 AM
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Ah sorry...

Relocating the light rail 3.5 blocks away and putting commuter rail in an open trench instead of underground was to close the financial gap. Now these current ideas of putting commuter rail at-grade and cutting a divide between downtown and teh CPV and preventing the already planned extension of 18th Street is just ridiculous. This is when RTD simply says, "YOUR FIRED!" and re-looks other proposals that used higher density to off-set the high cost!
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  #211  
Old Posted Nov 19, 2007, 12:47 PM
escodu05 escodu05 is offline
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Post confirms:

http://www.denverpost.com/business/ci_7501540


Transit team revises Union Station plans
All rail lines will now be above ground, and a regional bus facility will be underground.
By Margaret Jackson
The Denver Post
Article Last Updated: 11/18/2007 11:59:08 PM MST


A year after being selected to redevelop Denver's historic Union Station and the surrounding property into a mixed-use transit hub, Union Station Neighborhood Co. has drastically altered its plan.

The biggest changes include building the commuter- and heavy-rail tracks above ground and realigning the connection at 18th Street into the underground regional bus facility.

Reasons for the changes go far beyond the financial, officials said.

For one, technology for the FasTracks system's Gold Line changed from light to commuter rail, making it necessary to add more tracks to that portion of the plan. Additionally, the Federal Railroad Administration indicated it would be unlikely to approve putting Amtrak tracks underground.

Union Station is the hub for FasTracks, the region's $4.7 billion transportation-expansion plan approved by voters in 2004.

"Obviously, when you rework a plan, you're looking at all the factors, and cost is one of the factors," said Cole Finegan, a partner at Hogan & Hartson who is representing the Regional Transportation District in negotiations with the developers. "The FRA is a factor. It's a significant factor, but it's not a predominant factor."

Finegan declined to discuss the specific cost of the modified project because the plan is still in the works.

The original plan was expected to cost $420 million, but the number has likely increased because of rising construction costs. People familiar with the new plan have said it also will cost more than $420 million.

About $280 million in funding had been identified for the original plan. It included $213 million from FasTracks funding, $16 million in state money and $50 million in federal highway funding. At the time, Union Station Neighborhood Co. said it would pay $29 million for the right to develop the 19.5 acres around the station into shops, restaurants, hotels, offices and residences.

While it deviates from the proposal the developers unveiled to the public more than a year ago, the new plan gives the transit components more capacity - eight tracks instead of six - and the ability to expand.

"We can build what we need now, but we've built in the flexibility to expand that we didn't have before," said Mike Reininger, managing partner at Union Station Neighborhood Co., which beat out a development team that included Cherokee Denver LLC and Trammell Crow Co. for the right to develop the station.

The other team's plan would have cost more than the $420 million Union Station Neighborhood Co. bid but would have put all the tracks underground.

By not putting all the tracks underground, the 19.5 acres surrounding the station can be developed at the same time as construction of the transit portion, rather than when it's finished. It also will be easier, faster and cheaper to build the transit portion of the project, officials said.

"It's still expensive, but it's leaner," said Peter Park, the city's community planning and development manager. "It's a better solution in terms of transit functioning and connections."

An extension of 18th Street from Wynkoop Street to Wewatta Street envisioned in the original plan has been eliminated to accommodate buses coming into the station from 20th Street. They'll cross 18th Street and descend into a tunnel where the regional bus facility will be located.

The new plan extends an underground pedestrian plaza, including a moving sidewalk, from the station to the light-rail platform about 500 feet away. The old version stopped the tunnel at Wewatta.

The 18th Street circulator shuttle bus and the 16th Street Mall Ride will deliver passengers directly to the commuter and light-rail platforms, features not included in the original plan.

The new plan also opens 16th Street to traffic between Wynkoop and Chestnut.

Because it deviates from the master plan conceived by the 100-member citizen group known as the Union Station Advisory Committee, the new plan must go through another public process before construction can begin. It also still needs an approved environmental-impact statement, expected to be finalized next summer.

"The master plan as it came down is one that was our best wishes or best shot for what would be a really good combined transportation and development package," said Jim Graebner, co-chairman of the advisory committee. "Since that time, an awful lot has happened. The funding is not there to make it happen, and I think the team is looking at ways to cut the cost to fit the project."

Construction could start by next summer. The initial plan called for the depot to be renovated and the light rail built by 2009.
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  #212  
Old Posted Nov 19, 2007, 1:14 PM
escodu05 escodu05 is offline
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My take:

Disappointed (particularly as I supported the East/West bid). That being said, we all must understand that there has been an unprecedented increase in construction costs and other important behind the scene negotiations falling through (ie, Amtrak - though that looks more like a secondary excuse at best). What we all must do is accept that there needs to be a tweak of the broader technical aspects of the plan (at grade tracks, which is not necessarily a bad thing - most of the great train stations across the world have at grade tracks), but absolutely demanding a green / high design architectural masterpiece that preserves the historic station but makes a statement on its own. SOM is on the team, so I hope they have the same aspirations, but I want a World-Class aesthetically pleasing structure surrounding the station.
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  #213  
Old Posted Nov 19, 2007, 1:35 PM
Giovoni Giovoni is offline
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The pedestrian tunnel going all the way to the light rail station is a good thing I think. Putting things all above ground doesn't seem terrible IF..(monkeys fly out of my —) E/W can make a pleasing way to cover it and integrate it into their neighborhood.

Opening 16th street to traffic. That's just wonderful. Just brilliant... just exactly the kind of forward thinking I would expect from this team. It's a good thing there isn't a nobel prize for planning because wow... there just wouldn't even be a vote.. maybe there would be just to humiliate EVERY OTHER team in the running that are just not in the same league as these monumental minds.
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  #214  
Old Posted Nov 19, 2007, 4:07 PM
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We all know how much Denver loves public/private partnerships to get things done, but we may have placed too much faith in that idea in this case. The infrastructure funding gap is just too huge to expect a private developer to cover; this has been true even from day one.

There should have been a question among the other tax referenda Denverites just voted on asking to float bonds.

Anybody have further information on the track alignments?
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  #215  
Old Posted Nov 19, 2007, 5:07 PM
ski82 ski82 is offline
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Here we go again. I can't really say I am surprised. While the connectivity w/ buses is a welcomed change, the rest is just the latest in a pattern of cuts. The whole increased costs excuse is frustrating because:

-costs should be expected to go up. When is the last time you've heard of a project have more features because costs going down?
-the process to change everything due to increased costs takes time. Guess what is happening while everyone holds hands again to come up with something else. Costs continue to increase! Your first clue that the process is too bureaucratic is the 100 person committee! This is a waste of the taxpayers money.

Remember this is just the latest in a pattern. I would be willing to bet something similar will happen again. I'm afraid that is people are not held accountable, the whole project could end up a complete disaster.
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  #216  
Old Posted Nov 19, 2007, 5:32 PM
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As someone who works on primarily on the highway side of transportation, I can tell you that the increase in construction/materials costs has excalated far faster than normal. In the past two years or so, materials and related costs have gone up 40-60%, depending upon the specific materials, the area of the country, and type of project. Historically, the costs have inflated around 4%, give or take a few percentages (again depending upon various factors) and have been affected by the periodic spike. Whether this current spike is long or short term, may fall back to 4% or settle at 10% or some other higher than usual number is hard to determine. A lot is riding upon what goes on in other parts of the world. Regardless, it is not the "norm" in historic terms and it took the highway folks by surprise as much as those building transit facilities, airports, office buildings, and just about anything else needing, concrete, steel, asphalt, etc.

A few financial/construction experts maybe saw it coming, but they were in the minority.
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  #217  
Old Posted Nov 20, 2007, 2:36 AM
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ok..wrong thread really
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  #218  
Old Posted Nov 27, 2007, 3:51 AM
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I would like to see if someone could update this rendering? This works very well and can be used to give everyone an idea (better visualize) exactly what is coming.


Far Left: 1401 Lawrence (14th Street), Four Seasons (14th Street), Big open lot will be Union Station (upper left corner)
Down 14th from Four Seasons: Spire, Proposed 30-story building, Embassy Suites, Hyatt, lower-left of Hyatt is Denver Athletic Club Proposal at 20-stories.
Far Right: Trump Tower-Denver*, One Lincoln Park (in green), Behind that is the proposed phase II 42-story Lincoln park (in blue)
Not Included: Two Tabor is not on this, it would be 3 blocks right of Four Seasons; 1100 15th Street would be on the same block as Four Seasons - just right of it.


*That site location is dead - Trump is looking for new site to build his Denver tower. He says he wants it to be Denver's new tallest.

Contributed by a fellow forumer

Last edited by SnyderBock; Nov 27, 2007 at 11:30 PM.
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  #219  
Old Posted Nov 27, 2007, 10:13 PM
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^ I love your enthusiasm Snyder, but ahh I get the impression that the Donald has zero plans for this City. At least at this time. Now 2-3 years ago? Trump had tremendus interest in Denver and Colorado as a whole he has invested here, but not in downtown. YET!
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  #220  
Old Posted Nov 27, 2007, 11:29 PM
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I wasn't talking about anything that would happen within 2-3 years. I was actually thinking Trump might revisit a Denver tower sometime in the next 5-10 years. Sorry for the confusion. This is a rendering by a fellow forumer sometime ago - it was not by me. I can't remember who drew this one up, does anyone claim it?
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