Colorado
Colorado, Snake rivers rank atop ‘endangered’ list
A brand new report by the conservation group American Rivers lists the ten most endangered rivers within the nation – and a number of other are within the Mountain West.
On the high of the record is the Colorado River, which supplies consuming water to main cities resembling Denver, Phoenix and Los Angeles. American Rivers says it’s in bother as a result of administration plans are primarily based on unrealistically excessive water estimates.
Our area’s lengthy drought – and different pressures from local weather change – are making issues worse. American Rivers says officers who handle the Colorado should develop methods shortly to adapt to a warmer, drier future. And federal infrastructure funds supply the chance to make that occur.
Tom Kiernan, president of Individuals Rivers, referred to as the river “floor zero for the local weather disaster as water ranges plummet — threatening the lifeblood of 30 federally acknowledged Tribal Nations, seven states and Mexico. Along with bettering river administration and utilizing water extra properly, we should additionally prioritize collaboration over litigation.”
Quantity two on the record is the Snake River, which runs by means of Idaho, Oregon and Washington. The report requires eradicating 4 dams to revive the river’s salmon to more healthy ranges.
Quantity eight is the San Pedro River in Arizona. The report says some stretches have dried up as a result of a lot groundwater is being pumped out for improvement.
American Rivers desires state lawmakers to strengthen legal guidelines defending groundwater provides and the Biden administration to guard streams that circulation into the San Pedro.
This story was produced by the Mountain West Information Bureau, a collaboration between Wyoming Public Media, Nevada Public Radio, Boise State Public Radio in Idaho, KUNR in Nevada, the O’Connor Heart for the Rocky Mountain West in Montana, KUNC in Colorado, KUNM in New Mexico, with assist from affiliate stations throughout the area. Funding for the Mountain West Information Bureau is offered partly by the Company for Public Broadcasting.
Copyright 2022 Boise State Public Radio Information. To see extra, go to Boise State Public Radio Information.
Colorado
Toyota Game Recap: 12/22/2024 | Colorado Avalanche
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Colorado
Colorado authorities shut down low-income housing developer
The Colorado Division of Securities is pursuing legal action against a man whom it claims deceived investors and used the ownership of federally supported low-income housing projects to line his own pockets.
Securities Commissioner Tung Chan announced its civil court filings against Michael Dale Graham, 68, on Nov. 12.
Chan’s office filed civil fraud charges against Graham, and also asked for a temporary restraining order and freezing of Graham’s assets and his companies’. A Denver district court judge immediately granted both. Since then, two court dates to review the those orders have canceled; a third is scheduled for mid-January.
Graham operates Sebastian Partners LLC, Sebastiane Partners LLC, and Gravitas Qualified Opportunity Zone Fund I LLC (“GQOZF”), all of which were controlled by Graham during his “elaborate real estate investment scheme,” as described by the securities office in a case document.
The filing states Graham collected more than $1.1 million from eight investors to purchase three adjacent homes in Aurora. The Denver-based Gravitas fund and its investors purportedly qualified for the federal Qualified Opportunity Zone (QOZ) program with the homes. Qualified Opportunity Zones were created by the Tax Cuts and Jobs Act passed by Congress in 2017. The zones encouraged growth in low-income communities by offering tax benefits to investors, namely reductions in capital gains taxes on developed properties.
Graham formed Gravitas in early 2019 and purchased the three homes located in the 21000 block of E. 60th Avenue two years later. He quickly sold one of them with notifying investors, according to the case document. While managing the other two, Graham and Gravitas transferred the fund’s assets and never operated within QOZ guidelines to the benefit of its investors or the community, according to the state.
Gravitas also transferred the titles for the two properties to Graham privately. As their owner, Graham obtained undocumented loans from friends totaling almost $600,000. The two loans used the two properties as security.
Gravitas investors were never informed of the two loans, according to the case document. Also, Gravitas never sent its investors year-end tax reports, the securities office alleges.
Graham used the proceeds of the loans for personal use. No specific details were provided about those uses.
“Effectively, Graham used Gravitas as his personal piggy bank,” as stated in the case document, “claiming both funds and properties as his own. Graham never told investors about the risks associated with transferring title to himself. On September 1, 2023, he sent a letter to investors, stating that the properties ‘we own’ are doing well and generating growth due to record-breaking home appreciation. But Gravitas no longer owned the properties.
“Gravitas no longer had assets at all.”
Furthermore, the securities office said Graham failed to notify investors of recent court orders against him in Colorado and California. In total, Graham was ordered to pay more than $1 million in damages related to previous real estate projects.
Graham’s most recent residence is in Reno, Nev., according to an online search of public records. He evidently has previously lived in Santa Monica, Calif., and Greenwood Village.
Colorado
Colorado weather: Temperatures staying in the 60s Sunday
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