Date set for Silver Mountain auction
The Kellogg ski and water park resort will be offered at a sealed bid auction Feb. 12.
The Silver Mountain Resort will be available in three distinct pieces, or those interested can include two or all three properties in one bid.
The first piece includes the indoor water park and Morningstar Lodge, which includes the management division for nearly 300 condominiums.
J. Murph Yale, of Waterford Development Corporation in Needham, Mass, who is handling the sale, said he heard from interested parties in January on this package but couldn’t reach an understanding on the sale amount. He thinks the February auction will compel those interested to make another bid.
The second piece of property includes the ski and mountain operations, including a restaurant, retail and commercial space. The third property includes the Galena Ridge Golf Course, home building sites and other remaining assets.
According to Yale, Waterford will hold another sealed bid auction in mid-March if the golf course and home building sites don’t sell. He said the owner of the property, Oregon-based Jeld-Wen, has invested well more than $60 million into the property. Jeld-Wen makes and distributes windows and doors.
Wateford Development is working with Ameribid of Tulsa, Okla., on the auction.
Togo’s planning first Boise sandwich shop this summer
Togo’s Eateries Inc. is still on track to open its first sandwich shop in Boise this summer. Franchisee Mark Barber said he’s still looking for the right spot for the first sandwich shop, which is planned to expand to five Treasure Valley locations within four to five years.
Barber said he’s considered locations in Garden City and on Eagle Road, but has yet to find the right spot, which would need to be approximately 1,600 square feet with good visibility.
“We’re getting going,” said Barber. “We’re excited. We’re trying to narrow down our first location right now.”
Barber and his wife, Kiersten, have franchising rights for the Boise area, and are also planning locations in Nampa and Caldwell.
Once the first store opens this summer, Barber said he’ll close down his construction business, Mark Barber Custom Homes, to focus on Togo’s. The Barbers recently moved from McCall, where they ran another sandwich franchise for a decade.
Togo’s, based in San Jose, Calif., has 244 restaurants across four states. The company opened 11 restaurants in 2012, including one in Bend, Ore., where Barber said his stepson told him he had to try the chain’s sandwiches.
“It’s really good food. It sold us the first time we had one,” Barber said.
CCDC names vice-chair Zuckerman interim head
Stay-at-home mom Dana Zuckerman will be the interim executive director of Capital City Development Corp., Boise’s urban renewal agency. She replaces outgoing executive director Anthony Lyons, whose last day is Feb. 5. Lyons, who joined CCDC in December 2011, cited family reasons for his departure, and will be retaking his old job directing a similar development agency in Gainesville, Fla.
Zuckerman joined the CCDC board in mid-2011. Her resume includes public-sector development work in New York City, Chicago, Lincolnwood, Ill. and Brookline, Mass. She also started a cake catering company.
Before Lyons was hired by CCDC, the agency’s interim director was Todd Bunderson, who is now the economic development director and chief financial officer.
CCDC Board Chairman Phil Reberger said Zuckerman and Lyons will work to ensure a smooth transition to her leadership.
“In this time of transition the board has the utmost confidence in Dana to perform this duty,” Reberger said. “I know that our focus on project delivery and economic growth will continue to flourish with Dana.”
By Brad Iverson-Long
Northern Idaho amusement park adding two rides
Silverwood Theme Park is adding a new thrill ride and children’s ride, at a cost of $2.2 million. The amusement park north of Coeur d’Alene is holding a naming contest during the next month for the new thrill ride. The ride spins 24 people in a cylinder on a pendulum that swings people upside down at a height of 104 feet.
The other new ride, called the Barnstormer, is a biplane-themed family ride. The Barnstormer will cost Silverwooed $200,000, while the thrill ride cost $2 million to acquire.
The two new rides should be open at or near the start of Silverwood’s 2013 season in late spring. The park stays open until September before reopening near Halloween.
Silverwood had 654,221 visitors in 2012, continuing a trend of record-breaking attendance. Mark Robitaille, spokesman for the amusement park, said attendance was up by less than 2,000 people from 2011, which he said was due to many rainy days in June. He said the park is expecting to reach 700,000 in 2013.
By Brad Iverson-Long
Contractor confidence dipped at end of 2012
The nation’s construction contractors lost confidence in the economy late in 2012.
The Associated Builders and Contractors reported that all three indicators of economic activity in its Construction Confidence Index fell during the second half of last year. The index reflects contractors’ perceptions of the business environment over a six-month period, and prospects for commercial and industrial construction spending in the months ahead.
It measures three areas of the nonresidential construction industry: sales prospects, staffing levels and profit margins. Readings above 50 indicate growth. In the ABC’s latest index, sales expectations fell from 66.3 to 62.3; staffing levels fell from 62.2 to 59.6; and profit margins fell from 56.3 to 55.9.
ABC’s chief economist, Anirban Basu, said that while readings remained above the 50-point benchmark, confidence among contractors and purchasers of construction services lagged across the nation. The fiscal cliff was a big source of unrest for contractors in 2012, and Basu said unresolved issues like the debt ceiling debate and automatic sequestration would likely continue to cause anxiety.
Dolan Media Newswires
Bill to help insurance brokers introduced in House
A bill intended to give Idaho insurance brokers an opportunity to help clients shop for health insurance is headed for debate in House committee.
The measure introduced in the House State Affairs Committee would give brokers access to customers looking for coverage through the health insurance exchange. The exchanges — a byproduct of the federal health care overhaul — will be set up like an online marketplace for insurance products for individuals and small businesses.
In coming weeks, lawmakers will debate whether to move forward with a state-built exchange or a federal version.
Republican Rep. Lynn Luker of Boise says the rules for both exchanges leave hundreds of Idaho insurance brokers in limbo and unable to help clients.
The bill was advanced to the House Business Committee for review.
The Associated Press
Pedigree Stage Stop dog race begins
The annual International Pedigree Stage Stop Sled Dog Race officially is jumping off in Jackson.
The race begins Friday evening and follows a new route this year, visiting the communities of West Yellowstone in Montana, Alpine, Pinedale, Lander, Marbleton, Kemmerer, and Mountain View in Wyoming. It finishes on Feb. 2 in Evanston.
Two of the stages also will cross into Idaho and Utah, making this year’s race the first time the event has traveled through four Rocky Mountain States.
The youngest musher in this year’s race is 17 years old while the oldest is 60.
There are 16 teams from as far away as the Northwest Territories in Canada.