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Colorado shuts down property manager, fines him $445K he’ll never pay

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Colorado shuts down property manager, fines him 5K he’ll never pay


Colorado has revoked the license of real estate agent Paul Guthrie and fined him $450,000 but says he will have to pay only 1% of that if he promises to never sell properties again.

Guthrie, who previously owned Investor’s Realty in Denver, was a real estate agent and property manager. Online complaints about his company repeatedly accuse it of running off with rents.

The Colorado Real Estate Commission investigated 13 allegations against Guthrie. On Jan. 28, it reached a stipulation agreement with Guthrie in which he acknowledged commingling funds, diverting his clients’ money, being incompetent and not holding clients’ funds.

Guthrie surrendered his license that day and agreed to a fine of $448,500, with $445,050 of that set aside and only charged to Guthrie if he seeks a real estate license in the future.

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“Fines are calculated by the number of violations,” Real Estate Commission spokesman David Donnelly told BusinessDen. “The commission does not have the legal authority to issue restitution, so the amount of any fines imposed … is not correlated with any damages made to consumers.”

Donnelly said that setting aside fines is a concession the commission makes to resolve a disciplinary matter without litigation in cases where a broker is about to lose a license.



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Colorado River water crisis has a looming Valentine’s Day deadline

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Colorado River water crisis has a looming Valentine’s Day deadline



Seven states are facing a deadline to come to a consensus on how to share water from the shrinking Colorado River.

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The deadline for seven states to agree on how to split up the water from the shrinking Colorado River is looming.

The debate has pitted the Lower Basin states of Arizona, California and Nevada against the four states in the Upper Basin: Colorado, Wyoming, Utah and New Mexico. The states are struggling to find a way to save enough water so that the two largest reservoirs on the river and in the nation — Lakes Mead and Powell — retain water levels capable of producing hydropower and of supplying downstream users in the Lower Basin and Mexico.

The states have tried unsuccessfully for more than a year to reach a voluntary agreement to replace dam-operating guidelines that expire later in 2026. Federal officials have said they want a consensus on a deal that will last 20 years by Feb. 14, though that deadline may not be firm.

For months, the Upper Basin states have argued they would only make voluntary cuts because they don’t use as much water as the Lower Basin and can’t control the drought that has afflicted them.

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Arizona recently surrendered about a third of its allotted supply of the river through both mandatory and compensated voluntary cuts to keep Lake Mead from going dry. It has offered to do that and more in dry future years, but only if upstream states agree to their own mandatory cuts.

“I’ve been really clear that Arizona isn’t willing to go further,” Arizona Gov. Katie Hobbs said in a Feb. 2 news conference in Phoenix, “without some meaningful, measurable, mandatory reduction from the Upper Basin. And they all said, ‘we know we have to find a way to make our cuts into firm commitments.’ So that is the most commitment we’ve heard on this.”

Without a deal, the states will either have to accept a plan imposed by the U.S. Department of Interior, or launch into a lengthy legal battle.

After the governors of six of those states met at the U.S. Department of Interior on Jan. 30, negotiators for California and Colorado expressed optimism about the prospect of reaching a deal. Hobbs said the meeting has put them “on a path to get a deal,” even if they remain at odds over details.

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Negotiators have started to discuss the possibility of making a short-term deal that lasts up to five years and then continuing negotiations over what to impose for the remaining 15 years.



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Community pushes for answers after Northern Colorado YMCA location announces sudden closure

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Community pushes for answers after Northern Colorado YMCA location announces sudden closure


In Longmont, the local YMCA is closing down at the end of the month for financial reasons, even as residents say it stays busy.

Chris Coker, the CEO for Northern Colorado YMCA, says he can’t afford to keep Longmont’s doors open any longer as it has been losing money for years. However, some visitors shared that they are skeptical — as Coker has been accused of mishandling funds in a past audit. He has denied any wrongdoing.

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Just days after the closure was announced this week, the Longmont YMCA was packed. On Wednesday, Linda and Steve Andrews were just arriving for a fitness class for people with Parkinson’s disease.

“Walking really well today, those classes help,” Linda Andrews said to her husband.

Randy Pollard said the class is one of very few of its kind in the area, adding, “I’ve been coming here for so long. This has been home, you know. So we’d really miss it if it closes.”

Another class member, Charlie Corsan, had just learned about the closure and possible end of his class, adding, “I don’t know what we’re going to do.”

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Across the parking lot, Danae Higdon was also struggling with the news after she said she taught Zumba at the facility for more than 30 years.

“We were, like, in shock to find out that Feb. 28 is our last day,” Higdon said.

The closure means she will be losing her community and only source of income.

“It’s been very hard because, you know, my class, my class is like family to me. We all get together here, we all laugh and we all share our problems and dance away all our pain, and very soon we’re not going to have this,” Higdon said.

Even though Higdon says the Longmont branch consistently reached membership and fundraising goals, CEO Coker says the Longmont branch has lost $500,000 over the last few years, leading to this month’s closure.

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Coker said he’s gotten a lot of hate mail recently and understands that he “could have given more warning” but says he is financially forced to face the “reality of the situation.”

Coker says alongside declining donations and less federal funding, the Longmont YMCA only has 300 full paying members while the rest are on a discounted SilverSneakers insurance program.

When CBS Colorado asked Coker if there were enough visitors, even with a full parking lot during CBS Colorado’s visit, Coker said, “You can have a lot of people in there, but when they’re all paying $4 for a 50,000 square foot plus building, it doesn’t add up financially.”

Coker estimates the organization would need a $250,000 donation for the Longmont location in order to stay open.

In an effort to save the Longmont YMCA, Coker says he’s worked for months to sell it to the city of Longmont and has been working to negotiate a deal. However, the City of Longmont responded to the closure with a statement that they’re considering the project but “…no agreement has been reached, and the city has made no commitments.”

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The city of Longmont does not have a clear timeline for when this project could be addressed next.

“Some of these (visitors) have been there for 40 years as members. It’s their family, it’s their friends, it’s their social life, and we’re ripping that away from them. It’s not okay, but it’s the reality of the situation we’re in,” Coker said.

Coker says the Longmont YMCA will look into if they can transfer any classes to other Northern Colorado YMCAs in the next few weeks. Northern Colorado YMCA says they will keep preschool and summer camps open.

Meanwhile, Higdon is holding out hope for a solution, sharing “We are very sad, but … I know we’re going to find a way to keep it going, to keep dancing.”

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Lack of ice cancels ice racing season at Colorado’s Georgetown Lake

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Lack of ice cancels ice racing season at Colorado’s Georgetown Lake



A lack of ice has canceled this season’s ice racing at Georgetown Lake in Colorado’s mountains. The ice racing season had already been delayed due to unusually warm temperatures and there were only two weekends left for Our Gang Ice Racing, including Feb. 21-22 and Feb. 28-March 1, before those were canceled. 

Georgetown Lake

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The racing company posted on social media, “This isn’t the way we hoped things would go, and it’s incredibly disappointing for all of us. Ice racing isn’t just about competition — it’s about the friendships, the families, the memories made in the cold, and the community that gathers around it.

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Georgetown Lake on Feb. 11, 2026.

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“While the ice may not have cooperated this year, the spirit of our racing family is as strong as ever. We’re already looking forward to better conditions and getting back on the ice together next season.”    

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Georgetown Lake in January 2019.

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The ice racing tradition on Georgetown Lake began nearly five decades ago. Typically, there is 17 inches of thick ice over the lake, which allows for dozens of vehicles to hit the frozen lake using four wheel drive combined with some superior driving abilities.

Our Gang Ice Racing is a nonprofit organization. 

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