BrokerIPTV: Today, we are talking with Chris Lattimer, President of the Lattimer Group. Chris, thanks for being with us, appreciate that.

Chris Lattimer: Thank you Dan.

BrokerIPTV: Quickly again, the Lattimer Group does what?

Chris Lattimer: We are a real estate investment group that pools resources working with investors, so that we can invest in real estate. Our main objective is to offer preferred returns and then meet or exceed those expectations. Strategies that we like to use today are multifamily properties in emerging markets. Second is transit orientated development. Then finally, discounted single family homes.

BrokerIPTV: I want to focus in on this segment is TOD, Transit Oriented Developments; tell people what a TOD is?

Chris Lattimer: Yeah, TOD - Transit Oriented Development is development thats located within a certain proximity of transportation, public transportation systems, hubs or stops.

BrokerIPTV: Like a light rail.

Chris Lattimer: Like a light rail, yes.

BrokerIPTV: Okay. What specifically does your group do with TODs?

Chris Lattimer: We are really excited about the Denver metro market. The RTD FasTracks coming in, due to be completed in 2015. So, we are looking within a half mile radius of the future stations and we like urban infield, mixed use, high density development.

BrokerIPTV: So, are you talking to your investors now about purchasing land or properties in these areas where RTD FastTracks is going to be completed? Is that kind of the thought?

Chris Lattimer: Yes, absolutely. With the projection 2015 completion, it's actually a really good time right now to get in and get in before there is speculation, give us enough time to go through the entitlement process, get the construction completed, and up and running by time the trains are running.

BrokerIPTV: Now, this must be attracting a lot of attention with the price of gas. I got to believe that the public is getting more and more aware of public transportation and housing in relation to public transportation?

Chris Lattimer: Yeah, high gas prices is part of the number one driver for the popularity of TOD, there is big popularity, and there is big demand for this type of development. A couple of other factors that are driving the demand is global warming and just traffic congestion. I think people are getting really tired of traffic congestion, which is being spurred by the lack of funding in our transportation systems today.

BrokerIPTV: Now I hear more people are using mass trans than ever before. I mean you just turn on the news locally and you hear the problems of RTD and what RTD wants to do and expand. Are you hearing that the same?

Chris Lattimer: Yeah, absolutely. I read an written article last week, that most of the metropolitan area transportation systems have seen a significant increase in ridership in the last year. So, it is definitely increasing and I see that trend continuing.

BrokerIPTV: Okay. Thanks. Appreciate it.

Chris Lattimer: All right. Thanks Dan.

BrokerIPTV: Good information.

Chris Lattimer: Alright.

Silverthorne's new downtown area is central to growth says Ann Marie Sanquist

BrokerIPTV-Mark Eibner: This is Mark Eibner with Broker IPTV and we are up at the Summit Association of Realtors and the Summit Chamber of Commerce looking at some local issues here in Summit County and specifically I am fortunate enough today to have one of the members running for the Silverthorne Town Council, Ann Marie Sanquist. And Ann Marie wonder if you could maybe talk briefly about one or two critical issues facing the Silverthorne community up here?

Ann Marie Sanquist: We have several issues. Silverthorne does not have a property tax, so we are dependent on the sales tax in town for revenue and to keep our county for our town services going. What we are looking to do is try to enhance our tax base. We want to encourage business and growth in our town. Silverthorne doesn't have a downtown area, at this point of time. We would like to see a downtown core developed. I have served on the Silverthorne Planning Commission for over a year now, we have been working on a new comprehensive plan for the town and that will include the town core that has a pedestrian area, side walks, we would have on street parking. We are looking at mixed use where you have retail on the bottom and then residential on the top and be able to increase the density a little bit in the area, so that would create some growth potential. Well, Silverthorne is sort of long and narrow town, we've got both the highway, highway 9, that runs through the town and then we also have the river that runs through the town and river is actually a great asset to Silverthorne is one that we are not really fully using right now. It is kind of our town plan that we will start to use with river. We want the river to be accessible to all of our residents and we all to use it. So, if they want to come down in the morning and have in cup of coffee and sit by the river, that is accessible for them. Right now we see a lot of our residence leaving Silverthorne and going to other towns to use those type of amenities. So, for us, it starts with river and then across the highway, is where we are looking to center the town, possibly increase the height requirements, so that the builders can come in and make it profitable for them to want to build.

Mark Eibner: Great, thank you Ann Marie, been a pleasure.

Ann Marie Sanquist: Thanks, Mark.

BrokerIPTV: I think a lot of people in Denver, other than probably driving through on I-70, are very unaware of the replications, the causes, to prepare - proposed cures even how was there even thinking about clearing all this deforesting, all the dead kill?

Bob Bloch: Well you know part of the problem too is the fact, so much of the land up here is US forest service, it is out of our control, we can touch it and that's where, I mean you take a look up on along Tenmile range, then you see all of dead trees up there. I am a photographer and I take people up where we have a view of Tenmile range and I can show you a photo of a family from 2½ years ago and the one I did this last summer, you see the difference of the forest behind them. It is all forest service. There is also one very steep terrain and its hard to get there. So, what is going to happen, we are going to have a period of time where the needles are dead, they are is still of tree and it will go just like that. If that happens we got a very serious fire danger. Now, after a number of years, I do not know how many years that is, they will eventually fall of, the fire danger would be a little bit less, it could not be there, none the less, and if that ground cover goes, we get run of, there will be streets, and leads right into the reservoir.

BrokerIPTV: Which again, we have been with Bob Bloch, Bob was he is the President of the Summit County Chamber of Commerce and Bob do you see any other, what you see is the main issues influence or affecting businesses is up here, not only just Realtors and builders, but the ski rental shop or bike rental shop or grocery stores, I mean what is the single biggest issue we need to probably look at up here?

Bob Bloch: Single biggest issue, well that's an loaded question. We have a tourist based economy up here. And there are so many things that are interrelated. We could spend the whole evening talking about it and just scratch the surface. But when you, then will take the beetle kill for example, and I started off by saying there is obvious aesthetic face to this, people see this, people come out here, they see brown trees, maybe they won't come up here so much, that is just one possible affect and how things are interrelated. That's a small example, certainly not the biggest, but, on the spot it is hard to come up with the one.

BrokerIPTV: Right, I appreciate your time Bob, thank you very much.

Bob Bloch: Thank you.

BrokerIPTV-Mark Eibner: Mark Eibner with BrokerIPTV and I am fortunate enough to be here for Summit Association Realtors with Colorado State Senator Dan Gibbs, maybe you can tell us the cities that you represent here in our state?

Dan Gibbs: Yeah sure Mark, I represent Summit County, Grand County, Gilpin, Clear Creek, western Jefferson county and western Boulder County. Now first of all for Colorado tourism is our second leading economy in the state of Colorado. Whereas much of the mountain communities that represent, we are based on a tourism based economy and so many actions that eventually take place down at Denver potentially devastating impacts on our local economy up here. We are looking at to toll road bills on I-70 right here as Senate Bill 213 and Senate Bill 209, that both would bring tolling to I-70. One would be on the weekends. The other would be 24 hours a day. Now when we are competing with other Western States, especially with skier traffic or recreation which Colorado obviously is known for, you remember here in the same ones that not every Coloradoan lives in the mountains, but the mountains lives within every Coloradoan, while you start tolling I think people are going to think twice about heading up the mountains

Mark Eibner: Great. And do you have any other proposals or I mean what is about your thoughts - I know we have a lot of, - I think we have a lot of natural resources in the state of Colorado, whether it is mining, logging I mean there is got to be other tax revenues we can use.

Dan Gibbs: Yeah, well the Colorado department of transportation, CDOT,, their budget is approximately $1 Billion a year. They have said they need additional $1.5 Billion, so that is about you know $2.5 million annually to keep up with existing infrastructure. We look at the growth in the State of Colorado. We are expecting a huge population growth. We base our transportation funding right now solely on the state and federal gas tax, it is that the state is $0.19 on a gallon, federal is $0.22 on a gallon. I think we need to revisit that, because that obviously doesn't cut it when we look at our transportation needs for the growing population. So, I think we do need to look outside the box, the I-70 collaborative, that is a group made up of Denver Metro Chamber made up by Ski Country USA, made up a local communities along the I-70 corridor, coming up with recognitions in only two months with both short and long term approaches and the federal highway administration in Colorado department transportation are part of these discussions. We are going to take the recommendations too heart. they are going to run with it. So, that will likely have recommendations on funding, they will have recommendations on potentially widening or a bus or potentially a train, that they have been working for about a year bringing in all the stake holders together and not just the mountain communities again, but folks from a state wide perspective to really look at the future of I-70 and how we can meet the needs of the growing population.

Mark Eibner: Great, excellent, well thank you very much Dan and good luck on that bill.

Dan Gibbs: That's good, thanks.

BrokerIPTV-Mark Eibner: This is Mark Eibner with broker IPTV. I am up here with Kori Wolf, and Kori is the President of the Summit Association of Realtors. And we thought there would not be any better person to talk to on some of the one, two or three big issues up here in Summit County. I think one of the big issues right by the way is I-70 traffic and the corridor management, maybe you could share with us some of the proposed ideas that are out there on the table, for some of us that are not from Summit County.

Kori Wolf: I would be delighted. From what I know, I know there is a big movement to do something with a toll on the I-70 corridor during peak times. There is a lot of bit uncertainty to that, that I am aware of, because of where that money is going to be spent. I think that needs to be clarified. Obviously, a another thing regarding grid lock that happens during certain times like ski season and in the summer as well. They are trying to come up with a solution to control the whole traffic patterns, which they have done some of that this year. Certain times of the day they have actually slowed down traffic and opened up different paths and so forth. There is a concern. There is an I-70 coalition that's working very hard on that and hopefully soon, they will come up with a long term plan for this.

Mark Eibner: Excellent. How about affordable housing, I understand you sell homes in Frisco, CO, and what would be the average sales price in Frisco for 2007?

Kori Wolf: Well, if it's a single family home, it's right up there at between $600,000 or $700,000. For Single family homes all over Summit County that is an average and my biggest concern is first of all, most owners up here, we are reaching 70% that are second home owners, so they are establishing the market and that is makes it incredibly difficult for locals to purchase a home.

Mark Eibner: So, as far as affordable housing it is really not affordable, depending on what somebody's got for income for locals it is probably not a lot of jobs that would pay for the average family to buy $600,000, $700,000, $800,000 house.

Kori Wolf: That is right, they more, in between the $300,000 and $500,000 price range and so a lot of those folks are going to townhomes, duplexes, condos but at least they are able to do that and at least there is some of that product out there.

Mark Eibner: Okay, well great appreciate it, it is been a pleasure talking with you.

Kori Wolf: Thank you.