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Push for City Utility in Overdrive $1 HIGH-TECH HEALTH MARKETPLACE AND WELLNESS Idol Minds going mobile New technology improves in video game market heart attack survival rate 5A 19A Volume 32 Issue 17 | Aug. 2-15, 2013 Push for city utility in overdrive BY JOSHUA LINDENSTEIN city told the council that the city’s [email protected] Some council members urging models for municipalization meet the requirements of the city charter and BOULDER — The city of Boul- more caution on municipalization are feasible. It came just days before a der’s exploration into creating a Federal Energy Regulatory Commis- municipal electric utility has shifted The Boulder City Council on July acquiring Xcel Energy Inc.'s distribu- sion ruling dealt Boulder’s efforts a into execution mode in recent weeks, 24 took a major step toward creating tion system, even if that meant doing minor blow but one that city staffers with some citizens and city council a municipal electric utility by passing so in condemnation court. believe can help their cause down the members arguing that the city is mov- on first reading an ordinance autho- The move came one night after an road nonetheless. ing too fast. rizing the city to begin the process of independent evaluator hired by the ➤ See Utility, 13A Round and round it goes Both sides Construction of Boulder Valley Velodrome in Erie under way in Dillard’s case await court ruling BY BETH POTTER [email protected] BOULDER — The fate of the Dil- lard’s department store building in Longmont could be decided as early as Aug. 19. That’s the day Boulder District Court Judge D.D. Mallard will receive a final written closing argu- ment in an eminent-domain case filed by Longmont officials against Dil- lard’s Inc. (NYSE: DDS), according to attorneys from both sides. Long- mont’s elected officials, acting as the Longmont Urban Renewal Authority, filed the case in May. Eminent domain is the right of a public authority to take property from a private landowner after mak- DOUG STORUM ing appropriate compensation. The Frank Banta, left, and Doug Emerson are constructing the Boulder Valley Velodrome in Erie. Banta said the decision to case was filed in connection with a build in Erie was a relatively easy one because the population is booming and young, land is less expensive than other planned $80 million shopping center cities in Boulder County, and the town has easy access to Interstate 25 to draw cyclists from Denver and Fort Collins. redevelopment on the current site of See story, 18A. ➤ See Dillard’s, 7A CONTENTS Serving Boulder & Broomfield Counties Boulder County’s Business Journal Awards .........................................27A Eye .................................................3A Bank Notes .................................... 9A For the Record .............................23A BCBRdaily ......................................2A High-tech Marketplace .................. 5A Business Digest ...........................26A Nonprofit Network ........................26A Calendar .......................................26A On the Job ...................................27A Construction Quest ......................15A Product Update............................ 26A Continuing Education .................. 11A Publisher’s Notebook ...................30A Editorial ........................................30A Real Estate ...................................28A LISTS Cardiology Clinics ........................20A Continuing-Education Programs . 12A 2A | Aug. 2-15, 2013 Boulder County Business Report | www.bcbr.com Hurrell named new director at NCAR Editor’s note: The following is a wrap- scientist of the Community Earth Solera opening in Boulder up of breaking local business stories System Model, a computer model of BOULDER – Solera National Bank published daily on the Boulder County Earth’s climate. will open a full-service bank branch at Business Report’s website. Sign up In 2011, Hurrell was named an its mortgage loan office at 1881 Ninth for our free BCBRdaily, an all local NCAR associate director and direc- St. in downtown Boulder. e-news report sent to your email each tor of the Earth System Laboratory, Solera National Bank is a subsid- weekday. Just click on “Register for which focuses on weather, climate iary of the holding company Solera E-Newsletters” at www.BCBR.com. and atmospheric chemistry research. National Bancorp Inc. (OTCQB: SLRK) in Lakewood. The bank Peyok Stroh BY BUSINESS REPORT STAFF opened the Residential Mortgage of [email protected] BCBR DAILY Colorado loan production office in of Mile High Banks, is the regional Boulder in December. Four mortgage BOULDER — James W. Hurrell Hurrell has authored more than 90 president of Northern Colorado for loan officers work there. has taken over as peer-reviewed journal articles and book Sunflower Bank. Todd Peyok, former The Solera branch in Boulder will director of the chapters and has given nearly 150 pro- manager of the Boulder market for focus on small-business lending as National Center fessional invited and keynote talks. He Mile High, will be the president of well as mortgage loans. The parent for Atmospher- has been involved in the World Climate a new branch in Boulder and Don bank opened in September in 2007 ic Research in Research and International Geosphere Stroh, former manager of the Long- and is a primarily Front Range com- Boulder, replac- Biosphere programs, as well as assess- mont market for Mile High, will be munity commercial bank. ing Roger Waki- ment activities of the Intergovernmen- president of a new Sunflower branch Posted July 23. moto, who left tal Panel on Climate Change and the in Longmont. NCAR earlier U.S. Climate Change Science Program. Sunflower Bank will be compet- Array, Celgene reach pact this year to lead Posted July 30. ing with 31 other banks that serve BOULDER – Array BioPharma Hurrell the Directorate Boulder and Broomfield counties. Inc. could receive $376 million in for Geosciences Sunflower Banks arrive Sunflower Bank declined to reveal payments as part of a new collabora- at the National Science Foundation. LONGMONT – Sunflower Bank exact locations for the branches, but tion agreement with biopharmaceu- Hurrell has been an associate direc- in Salina, Kan- they are expected to open sometime tical giant Celgene Corp., the drug tor and senior scientist at NCAR. He sas, has hired in October, Allen said. In the mean- development company said. will start the new job Sept. 2. three former time, the three bankers are working Boulder-based Array (Nasdaq: Hurrell, a climate scientist with Mile High Banks in a temporary office in Longmont. ARRY) received an up-front pay- expertise in computer modeling and veterans to open The company’s website lists three ment of $11 million for a program in large-scale atmospheric patterns, first b r a n c h e s i n mortgage loan originator job open- which company researchers focus on came to NCAR as a visiting scientist Longmont and ings for Colorado, posted June 21. a novel inflammation pathway in the in 1990. He is the former director of Boulder. More people will be hired before the human body, according to a company NCAR’s Climate and Global Dynam- Dan Allen, bank branches open, Allen said. press statement. Summit, New Jer- ics division, and he has served as chief former president Allen Posted July 19. ➤ See BCBRdaily, 31A KRCN 1060 AM “Your Trusted Source for Health & Wealth Information” AM 1060 • 303.776.2323 www.1060thebiz.com KRCN 1060 AM Longmont Denver Boulder Boulder County Business Report | www.bcbr.com Aug. 2-15, 2013 | 3A Arca Biopharma raises capital, makes hires BY BETH POTTER 2.7 million Americans have irregu- as senior clinical program manager. Company representatives had [email protected] lar heartbeats. Dufton and Merriweather pre- said that if the company didn’t raise Drugs cannot be sold to consum- viously worked for Gilead Sci- enough money in its stock offering, BROOMFIELD – Drug- ers in the United States until three ences Inc. (Nasdaq: GILD) based it could close by Oct. 1, according research firm Arca Biopharma Inc. rounds of successful clinical trials in Foster City, California. Perry to a document filed with the U.S. has hired three key executives to on humans have been approved by previously was director of quality Securities and Exchange Commis- help develop a drug to treat irregu- the Food and Drug Administra- assurance at Alzheimer’s medi- sion. lar heartbeats, after the company tion. The clinical trial process often cal-food company Accera Inc. in Arca lost $4.3 million in 2012, raised $18 million through a stock takes 10 years or more to complete. Broomfield. following a loss of $5.4 million in offering in June. Christopher Dufton was hired as Arca has an agreement to use a 2011, according to the company’s Broomfield-based Arca (Nas- vice president for clinical devel- heart monitor made by medical- annual reports. It has been in dan- daq: ABIO) raised the funds to pay opment, according to a company device firm Medtronic Inc. (NYSE: ger of being delisted from the Nas- for a clinical study of its drug can- press statement. Sharon Perry was MDT) to conduct the “2b/3” trial. daq stock exchange several times didate Gencaro on patients with hired as senior director of quality. The clinical trial is expected to because its stock price has fallen irregular heartbeats. An estimated Jennifer Merriweather was hired start in the first quarter of 2014. below $1 per share. Boulderite’s Bulumu sound ideas wake Dead Deadheads got a treat last week when the Grateful Dead’s legendary concert in Veneta, Oregon, in 1972, was screened in theaters throughout Denver, Boulder, Fort Collins, Vail, Colorado Springs and across the nation. Most reports agreed that the sound for the movie “Sunshine Daydream” was impeccable. That can be attrib- uted to David Glasser, founder and chief engineer at the Boulder-based mastering studio Airshow, who along with Jeffrey Norman of TRI Studios in California remastered and mixed the mighty fine tunes. BCBR EYE “Making ‘Sunshine Daydream’ sound as good as the memories of the crowd gathered in Oregon more than 40 years ago was an exciting challenge,” JONATHAN CASTNER Glasser said.
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