Every Family’s Dilemma: Disneyland Or Disney World?

by Mark Smiley

 

A Walt Disney World Resort guest uses a MagicBand to enter Magic Kingdom theme park in Lake Buena Vista, Fla. Guests also can use MagicBands to enter their Disney Resort hotel room, buy food and merchandise, enter Walt Disney World Resort theme parks and water parks, access their selected FastPass+ experiences and connect to Disney's PhotoPass. MagicBands are part of the new MyMagic+, which has the ability to connect nearly all aspects of the guest vacation experience at Walt Disney World Resort. (Kent Phillips, photographer)

Many families in the Cherry Creek Valley with young children sooner or later have to make the momentous decision of whether to take the kids to Disneyland in Anaheim, California, or Disney World in Orlando, Florida. In the last 14 months, I have experienced both theme parks. Now Chronicle readers will be able to compare the two parks and my recommendation will be shared to help you decide if you are torn between the two.

When my family and I traveled to Disneyland in May 2014, we flew Southwest Airlines non-stop into Ontario International Airport. This airport is much less congested than LAX and is about a one hour drive from the park. When visiting Disney World in Orlando, we flew into Orlando International Airport. Flights are approximately $100 more per roundtrip ticket to Orlando. If you are staying at a Disney Resort in Orlando, you are transported from the airport to your resort and Disney reclaims your luggage for you. The next time you see your luggage is in your room.

Surprisingly, there is little difference in the amount of travel time to either destination which most families consider before booking a trip. It takes about one and a half hours extra to travel to Orlando. However, the inevitable California traffic jam significantly cuts into that 90 minutes you save.

Weather is, of course, a factor and in generalDisney - Splash Mountain 8-15 Anaheim is much cooler and more comfortable than Orlando. Orlando can get very hot and humid during the summer which makes for an uncomfortable day at the park, and hurricane season starts in the fall. Also, be prepared for a rainstorm in Orlando. It rains just about every day so a rain poncho is necessary. Make sure you bring one with you as they are very expensive inside the park. Hands down, Anaheim wins in the weather column.

One of the major factors in making the decision between the two parks is cost. Certainly there are more options to add on to a stay at Disney World, such as more expensive lodging, dining, and more parks to visit. But, comparing admission prices, a one day ticket to the Magic Kingdom in Orlando is $105 for adults and children under 10 are $99. Disneyland will run you $99 for adults and children are $93. Children under three years of age are always free at either park. When Disney World opened in 1971, a ticket cost $3.50.

On the other hand, those that want to be immersed in Disney culture and tune out the outside world for a week or more, can easily find a lot to do within Disney World. My family and I spent an entire day at Magic Kingdom in Orlando and then the next day, tackled Hollywood Studios, Magic Kingdom, and Epcot in the same day. Epcot has a fireworks and light show at 9 p.m. every night so those with younger children can make their way to Epcot and still be tucked in at a reDisney - Cinderella Castle 8-15asonable hour. The Magic Kingdom show for instance, doesn’t begin until 10 p.m.

Disney World sprawls across 43 square miles, which is approximately the size of San Francisco and only 35 percent of the land has been developed to date. Walt Disney purchased all of the property under different business ventures for a total of $5 million. Now, Disney World features four theme parks: Magic Kingdom, Epcot, Animal Kingdom, and Hollywood Studios. It also has two water parks, 27 resort hotels, four golf courses, and Downtown Disney featuring restaurants and shopping. If one person were to stay in every resort room on the property, it would take 68 years to accomplish.

By comparison, Disneyland is much smaller, covering 160 acres. It includes Disneyland Park, Disney California Adventure, Downtown Disney, and three hotels. Disneyland just celebrated its 60th anniversary while Disney World opened 16 years later in 1971. Disney is the number one amusement park corporation in the world drawing over 134 million visitors each year between the two resorts.

Since the Magic Kingdom in Orlando was based on Disneyland, the two parks are very similar in layout and share some — but not all — of the same attractions. And even when both parks offer the same rides, there are always differences. For example, the Splash Mountain and Pirates of the Caribbean attractions at Disneyland are longer and considerably different from the Disney World versions. My four-year-old daughter Eleanore wasn’t able to tell the difference.

When visiting either park, you enter at the Main Street Railroad Station and walk down Main Street U.S.A. toward the 77-foot-tall Sleeping Beauty Castle at Disneyland or the 189-foot-tall Cinderella Castle at the Magic Kingdom. At each park, the castle is the main hub, from which you can take paths to Fantasyland, Adventureland, Frontierland, or Tomorrowland.

As you would expect, given Disney World’s much larger size, there are many attractions at Disney World that you won’t find at Disneyland Resort. What might be less obvious is that there are also some key attractions at Disneyland that are not available at Disney World. At Disney California Adventure, for example, the entire Cars Land is unique to Anaheim. Disneyland features three rides that Disney World does not have: Indiana Jones Adventure, California Screamin’, and Matterhorn Bobsleds. All told, the Magic Kingdom in Orlando has only 10 more attractions than Disneyland despite its larger footprint.

Waiting in long lines scares most parents. Children don’t exactly relish it either. Both parks use the Fastpass+ system which is included in the cost of your theme park ticket. FastPass+ is a ride reservation system and is designed to moderate wait times at popular attractions. Somewhat like making a dinner reservation at a restaurant, FastPass+ allows you to make a reservation to ride an attraction at a Disney theme park. You can request a specific time, such as 7:30 p.m., or you can let the FastPass+ system suggest some times. You wait in an entirely separate line and I did not experience a wait longer than 10 minutes for a ride that had a posted wait time of 60 minutes or more.

You can reserve three Fastpasses in advance of your trip to Disney World and when you have completed all three rides, you can go to a kiosk and obtain one more. After completing that ride, you can request another and Disney offers a limitless supply. Popular rides are difficult to reserve so I recommend reserving your rides 60 days in advance and 90 days in advance if you are staying on the property. These Fastpasses are linked to your admission ticket and you scan in your ticket or wristband before entering the line.

Disneyland works differently. They use a printed ticket system and they are available to obtain at the attractions themselves. They are only available the day of issue. I definitely recommend familiarizing yourself with the Fastpass+ system before you embark on your trip and make your reservations early.

While vast, Disney World is easy to get around via an excellent complimentary transportation system. Getting between theme parks and resorts generally requires a 10- to 30-minute shuttle on a bus, ferry, or monorail.

Due to its smaller size, Disneyland is manageable without bus shuttles. The hotels are within walking distance of the theme parks, and the entrance gates to both parks are separated by about 100 yards.

The other difference between the two parks is the types of visitors. The most obvious is that Disneyland has a higher percentage of locals. The park draws less people than Disney World, with a large majority of them being people that live within a couple hours drive of the park. Disney World draws many more tourists from all over the world and most fly in or have to travel a much longer distance.

Many of the guests at Disneyland have grown up and are second or third (and some cases more) generation visitors visiting on a regular basis. Disney World has seen a growing number of these types of visitors thanks to Disney Vacation Club and similar programs, but it still is not the same as Anaheim.

For the novice and those who have never been to either theme park, I recommend going to Disneyland in Anaheim. It allows you to experience the magic of Disney without being completely consumed by it. It is more cost effective, the weather is better, and the surrounding area has a lot to offer beyond Disney.

For those who want a more complete Disney experience, Disney World is your ticket. If you want a complete turnkey Disney experience and have budgeted for it, there is no place quite like Disney World and all it has to offer. One of the best times to visit is the first week in December when temperatures are moderate, kids are in school, and the lines are shorter.

Whatever you choose, Disney offers a wide variety to pick from for those who want magic sprinkled on them or for those who want a magic shower. For more information on these parks, visit www.disney parks.disney.go.com.

New Cirque du Soleil Show Dazzles

New Cirque du Soleil Show Dazzles

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by Mark Smiley

Cirque du Soleil’s newest touring show, Kurios — Cabinet of Curiosities, has rolled into town with 65 trucks and 2,000 tons of equipment as the 35th installment of the franchise since 1984. The show is set up under the 62 foot high big top in the west lot of the Pepsi Center and performances run until July 26, 2015.15845__CM22931_MediumResolution

The show, which features 46 artists ages 21 to 37 and over 100 costumes, is the newest installment in the lineup of shows. It is the chance to see astonishing feats of agility, flexibility, strength, balance, coordination and inventiveness. Kurios evokes the eerie world of a 19th-century carnival. It’s a shadowy universe inhabited by strange, and vaguely ominous creatures, such as an accordion man, a serious chap with a cosmic pod for a stomach and a little woman who resembles Angela Lansbury. The production’s settings and costumes suggest a mad scientist’s laboratory and fantasies in15917__CM22746_MediumResolution the late 19th century.

The stage is one of the lowest of all Cirque du Soleil big top shows. It is only 24 inches high. This decision was made by director Michel Laprise so that the artists are closer to the public. The props on stage include coppered Victrola record players, a clanging vintage clock, anti17023_933kurios_quebec-9489_MediumResolutionque electric lights, odd robot-like characters with pod faces and bulbous metal midsections. This is a museum-worthy assemblage, created from recycled bits and pieces of leather, metal, old gramophones and typewriters, turbine engines, piping and tubing.

Of course a Cirque du Soleil show would not be complete without acrobats, contortionists, jugglers, and death defying acts, one of which is a dashing chair balancer at a levitating dinner party, and a goggle-wearing aviator who uses his biplane as a platform for a balancing act that has him perching on a gyrating tower of cylinders and planks. James Eulises Gonzalez who performs on the Rola Bola is the only artist who cannot be replaced if stricken ill or injured. He is the only person in the world who can perform this feat.

Kurios also features comedy from the cheeky verve of the ensemble. However, David-Alexandre Després wins laughs as both the overeager suitor of a lovely young woman plucked from the audience, and as an uncannily realistic and raunchy pussycat who won’t leave the poor girl alone. Cirque du Soleil has not deployed clowns often but this show adds one.

“Let’s not forget we are still a circus …,” said Bruno Darmagnac, artistic director of Kurios, “…and since the beginnin17041_1089kurios_quebec-4859_MediumResolutiong the company made a statement to never ever use any animals in our productions, which is something often expected from a circus. In that sense we went, ‘NO, we will never do that, but clowns..YES.’ And this one is a very special clown. And different. We don’t even call him clown, we call him the comic.”

Cirque du Soleil was cofounded by Guy Laliberte and it is now one of the biggest live entertainment groups in the world having performed 35 shows in front of nearly 150 million spectators in more than 300 cities on six continents. He has been aiming to revitalize his company, known for its intricate circus shows as its creative guide.

Laliberte started out as a street performer in Quebec, walkin17063_1329kurios_quebec-9649_MediumResolutiong on stilts and breathing fire. He founded Cirque du Soleil in 1984 when the Canadian government awarded him a $1 million contract to develop a celebration for the 450th anniversary of the discovery of Canada. Now, Cirque du Soleil has close to 4,000 employees, including 1,300 performing artists from close to 50 different countries.

Darmagnac indicated that Laliberte is involved with every show before it premieres. Shows are put together and then performed in front of Laliberte for final approval. Darmagnac describes this process as “entering the lion’s den.” Each act is meticulously choreographed and Laliberte will either approve each act, make changes, or eliminate it altogether. It makes for a tedious process but each employee of Cirque knows what to expect and knows the final product will be something audiences will enjoy.

Darmagnac has been with Cirque du Soleil since 2011 and before joining Cirque, was the co-creator of FLIC FLAC, a modern traveling circus in Germany. He is excited about the new show. “Allegria [the traveling tour prior to Kurios] was 20 years old. This one is new and the energy is completely 17071_1449kurios_quebec-9740_MediumResolutiondifferent,” said Darmagnac. “This one [show] really wanted to put humans on stage, with a face and with this steampunk look. Lots of people can relate to it and it will not go out of fashion for a long, long time.”

Kurios was written and dir18165_2415kurios_quebec-0248_MediumResolutionected by Michel Laprise, and features bright and breezy songs by composer-music directors Raphaël Beau and the duo Bob & Bill. The songs are upbeat, unpretentious numbers reminiscent of 1930s French jazz, buoyantly performed by a small, eclectic ensemble. The music kept the audience engaged and complemented the acts.

They’re a few of more than a dozen acts in a show that runs close to 2-1/2 hours, including one intermission. The audience at the Denver premiere gave the artists a standing ovation. Kurios — Cabinet of Curiosities tickets can be purchased at www.cirquedusoleil.com/kurios.

All photos: © Martin Girard shootstudio.ca

A Gardener Traces His Roots

A Gardener Traces His Roots

by Councilman Charlie Brown

For the last eight seasons, Denver City Councilman Charlie Brown has planted thousands of tomato seeds in March and nurtured the plants to distribute free to residents and city officials in early May. He grows them in his basement and office, where they eventually end up in his office windows on Exposition Avenue and are often confused with a newly legalized plant.

Gardner - Charlie Brown 6-15“When that happens,” Brown said, “I always remind folks that tomato plants are not a cash crop.”

The second year his efforts proved so popular that constituents started calling in April wanting to know when they could pick up “their” tomato plants. The “The Tomato Plant Entitlement Program” was hatched.

This year was his biggest yet, with more than 800 plants and 15 varieties handed out. And it will be the last year to do so, since along with five other Denver council members, he is term-limited in July. He has represented 52,000 residents in south Denver for more than 14 years.

Brown calculates he has distributed some 6,000 tomato plants during the last eight years which, if urban gardeners followed his tip sheet for growing in Denver’s fickle climate, produced 20,000 pounds of America’s favorite gardening crop. And with this era ending, he wanted to share how he got started — not with politics, but with gardening.

The love affair began decades ago.

My first gardening memories can be traced back to my grandparents’ small farm five miles east of Durham, N.C. When we were about 10-years-old, my Mom would take my twin brother and me there to spend the weekend helping them with farm chores.

Saturday mornings started early. A rooster’s cock-a-doodle-doo would send us dashing off to the hen house to gather fresh brown eggs for breakfast. That was the easy start of a long day working in the heat and humidity and the sandy clay soils of North Carolina’s Piedmont region. We milked cows, fed the pigs and chickens, and tackled the dreaded hoeing and weeding.

I would do things that city folks have trouble understanding, including wringing a chicken’s neck for Sunday supper and watching it run around the barnyard with no head; and plowing long rows of crops with a large, tail-swishing beast six feet in front of me who, surprisingly, respected my commands of “whoa mule!” I loved every minute of it, especially the gardening.

The southern climate allowed for early planting and harvesting. It’s hard for Denver gardeners to fathom that by late June we were already “bringing in” potatoes, broccoli, spinach, beets, onions, field peas, squash, butter beans, string beans, green peppers and, my favorite, tomatoes. Okra, turnip greens, cantaloupe, watermelon and corn would soon follow. Most crops would be “put up” in canning jars or, later, a small Sears & Roebuck freezer.

As I look back on those days I realize just how much my grandparents taught me. My grandmother was an early naturalist, who loved birds, wildlife and gardening. “Gardening teaches you patience,” she said. She reminded us not to keep all the fish we caught from the scummy farm pond but return some for ‘another day’ long before the concept of “catch and release.” My grandfather was a hard task master. If he would catch us leaning on our hoe to catch a quick break he would yell out: “You have to hoe to the end of the row,” a work ethic that’s sometimes hard for youngsters to comprehend.

Thanks to the influence of my grandparents, I’ve planted a garden each spring for more than 40 years. It gets in your blood. When it hails in Denver everyone is concerned about their cars and roofs. But like all farmers, ranchers and urban gardeners, our concern is about, in the words of Kenny Rogers, “our crops in the field.”

Sleep Nation And Adams & Jane Home Collection Help Century 21 Plaza Thrive

Sleep Nation And Adams & Jane Home Collection Help Century 21 Plaza Thrive

by Mark Smiley

Century 21 B 5-15Century 21 Plaza, located at 1390 S. Colorado Boulevard, opened in June 2013 with just a few stores anchoring it, including Sprint, Yogurtland and Mooyah Burgers. Now, it boasts successful stores such as Adams and Jane, Sleep Nation, Thai Pot Cafe and newly added Xfinity for a total of nine stores open and operational.

Century 21 Plaza is named after the historic Century 21 Theater which was in this location from 1967 to 1990. When the theater closed in 1990 with a showing of the Last Emperor, so too did a chapter of Denver’s history. Twenty-five years have passed since the Century 21 Theater closed.

The plaza is already approximately 75 percent occupied which is no small feat considering the site features two buildings for a total of 32,055 total retail square feet. “We have been highly selective about the types and quality of our tenants,” said Doug Antonoff of Antonoff & Co. “We are delighted with both the specific tenants that have chosen our center and the tenant mix we have been able to achieve.” One of the attractions for new and existing businesses to locate here is the 138 parking spaces available.

Some businesses have moved from other locations and have thrived such as Thai Pot Café which has increased their sales since moving from their previous location which was two blocks south of its current location on Colorado Boulevard. Antonoff noted that Jersey Mike’s Subs will begin construction soon and more tenants would be announced soon.

One business that has taken the leap which did not have an existing storefront before moving in is Adams and Jane Home Collection. Adams and Jane has an assortment of furniture, lighting, pillows and other artifacts to complement a home.

IMG_3361For co-owner Amy Adams it was not an easy decision to open the store back in November 2014. “To open this place was nerve-racking. I worked out of my home since 1982 and to take the plunge and sign a lease was a big risk,” said Adams.

Before her design career, Adams worked as a real estate agent in Keystone until she moved to Denver in 1997. After struggling in the Denver market, she launched her design career by working with local home builders.

Adams has a knack for design and can walk into a room and decide what should be done in one hour or less. Her work consists of paint colors, rugs, wallpaper, and more. Each quote is specialized and is not a one size fits all situation. “There is no magic,” said Adams. “You have to have a good eye. A lot of designers use the same brands or colors in everything they do. I try to get into the home and look at lifestyle and if they have dogs, kids, etc.”

Adams offers one stop shopping for those wanting to redesign their existing home or needing help with a new home. She manages the entire project and clients write one check to Adams as she interacts with general and subcontractors.

Her decision to move to Century 21 Plaza rather than the more upscale Cherry Creek North, hinged on parking. The parking is ample in this shopping center and has attracted businesses that would otherwise look for alternative areas.

One such business is Sleep Nation. Owner Sean Sutton searched for office space in Denver for over a year until he decided on Century 21 Plaza. He opened his second store here in May 2014 after opening a store in Park Meadows in November 2011.

Sutton worked for Mattress Firm for five years, Mattress King for five years, and Mattress Firm for another two-year run before he and his wife opened up their first store. “My wife and I saw a need for a niche product in the industry,” said Sutton. “All of our beds are plant based. They consist of half natural oils and half polyurethane.”

As far as sales are concerned, Sutton would like to see more. Comparatively speaking though, the Colorado Boulevard store started out better than the Park Meadows store. Now, the two stores trade off month to month on which outperforms the other.

Direct competitors of Sleep Nation are Denver Mattress, Sleep Number, Mattress Firm and Urban Mattress. One thing Sutton boasts is the fact that he is one of the only locally-owned mattress companies in Colorado. “We are local and reasonably priced,” said Sutton. “We study sleep, not sales. We have a non-aggressive style and are not pushy. We really listen to what the customer wants.”

Sutton also talks about what the industry calls the “be back” rate where the customer indicates they will be back. What really happens is that customers test other mattresses at other stores and find what they need elsewhere. Sutton says that their rate is far higher than the competition because customers inevitably like the combination of comfort and price of Sleep Nation mattresses.

One thing is for sure, although it is a big risk for businesses like Adams and Jane Home Collection and Sleep Nation to lease a storefront, they are finding success at their locations in Century 21 Plaza.

For more information on Century 21 Plaza, visit www.century21denver.com. For Adams and Jane, visit www.adamsand janehomecollection.com and for Sleep Nation, visit www.mysleepnation.com.

How To Get A Great, Quick, Cheap Cruise Vacation

How To Get A Great, Quick, Cheap Cruise Vacation

by John Edwards

Tired of the endless snow? I-70 traffic jams? Although we know spring will arrive, there will still be sudden snows followed by every afternoon showers. How about a quick getaway, to a state of warmth? We can quickly fly from Denver International Airport to Los Angeles, San Diego, Las Vegas or Phoenix. We’ve been there and the warmth is not guaranteed. Cherry Creek Valley residents should consider a quick, cheap cruise on a big luxury ship in March or April. Below is a sample itinerary which makes this type of trip affordable.

Fort Lauderdale, Florida’s Port Everglades serves 10 cruise lines and 30 ships. The Fort Lauderdale-Hollywood airport is served economically and non-stop from Denver by Southwest and Spirit Airlines. And therein lies the magic.Seaside Pool

Have your travel agent book the four day cruise on the Celebrity Constellation ship starting at $349 or consider the Carnival Conquest which comes in at a similar price point.

Take an inside cabin since you won’t be in it except to sleep. The Constellation (www.cruisemates.com/constellation) departs Thursdays for Nassau, Bahamas, then on to Key West and back. Take the Carnival Conquest for six days if you like waterslides, kids and loud music.

Southwest Airlines has numerous daily flights but the non-stop flights are less expensive and only four hours. One flight leaves at 7:30 a.m and arrives at 1:10 p.m. That leaves some of the day, but if there is a flight delay, you cannot make the 3 p.m. deadline to catch a cruise ship departing at 4 p.m.rustic inn 2

The alternative is the Spirit Airlines “redeye.” Book online on “everything added-on” Spirit Airlines’ overnight flight that departs evenings at 11:40 p.m. and arrives at 5:15 a.m. the next morning. Pay for your ticket and one checked bag both ways at booking. Bring your own snacks, juices, water, pillow and enough drugs to sleep upright.

Upon arrival at 5:15 a.m., retrieve your bag, eat breakfast at the airport and change into your shorts with bathing suit underneath. (That overnight red-eye flight saved you a $180 overnight hotel stay.)

Head For The Beach

Take the city bus from the airport to the beach at the Bahia Mar Doubletree Hotel. Store your bag with the bellman for $5. Walk across the street to the uncrowded beach. Relax in the sun and sand. After 10 a.m., catch the nearby Water Taxi (water taxi.com) for a guided tour through the waterways, the mansions and yachts. After noon, get your bag and a taxi to the cruise port to check in by 3 p.m.

After checking in, go directly to your room and take a nap. Your bags will not arrive until later. Be gently awakened by announcements for the mandatory life jacket drill as the ship leaves the harbor.

After the cruise, the ship docks early Monday morning. A Budget Rental Car shuttle picks up customers at the port. Rent a car from the nearby Quay Center location and tour the area before dropping the car off at the airport at 6 p.m. for your departure at 8:15 p.m.

For lunch, don’t miss the famous Rustic Inn Crabhouse (rusticinn.com) on a canal at the end of the airport. The roadhouse on the water serves whole garlic steamed crabs and other fresh seafood. Diners are outfitted with a bib and a wooden mallrustic1et to destroy and devour the monster crab. Scraps that fall onto the floor drop through the wooden planks to fish swarming below. The restaurant is easy to find and is located under the low-flying aircraft approach at the airport.

Total these costs and compare them to a traditional 8-day vacation and 7-day cruise. Luxury cruising for less!

Travel Writer John Edwards is President of Golf Travel Writers of America and has been on 19 cruises.

Cherry Creek Banking Boom Rocks Region

Cherry Creek Banking Boom Rocks Region

Bombshell Deals, New Structures, Branches

by Glen Richardson

As the first quarter of the New Year gets underway bank mergers and new entries are solidifying Cherry Creek North as Colorado’s banking hub plus the district’s financial influence is rising within the region. In an article, nearly five years ago, the Chronicle (Oct. 2010) first reported the state’s financial hub was shifting to Cherry Creek North.

Growth of banking within the seven-block district plus the increase in number of top performing banks here has pegged the area for expansion. Just three years ago Bauer Financial considered nearly 27 percent of Colorado banks “troubled and problematic.” Today, just within Cherry Creek North there are a half-dozen banks getting five-star ratings from Bauer, and others aren’t far behind.

Three major banking deals feverishly crafted at the close of 2014 were being finalized in the first quarter of this year. On Jan. 16, however, parties to one big banking merger got cold feet and failed to seal the deal.

Big Bank Pact

The biggest and boldest change is the acquisition of Colorado’s only bank ranked in the Top 100 Best Performing Community Banks by SNL Financial. Cherry Creek-based Steele Street Bank was acquired by MidFirst Bank — one of the nation’s largest privately held banks — rated in the top five percent of all U.S. financial institutions for Bank Safety by IDC.

By combining the two financial giants under the MidFirst name, Steele Street — headquarters at 1st Ave. and Cook in Cherry Creek North — will be able to compete more effectively with larger banks now entering the Rocky Mountain market. Moreover Oklahoma City-based MidFirst will provide Valley locations with a broader array of products and services.

With other Valley Banking Centers located on South Colorado Blvd. at University Hills and downtown on 17th St., MidFirst’s trio of offices “will continue to offer customers a genuine community banking experience that emphasizes local decision-making, security and stability,” CEO Bob Malone stresses to the Chronicle. For further details on the transaction see Acquisition Of Steele Street By MidFirst Bank Packs Punch, at right below.

BofA Bear Hug

The second Valley banking bombshell was Bank of America’s opening of its first full-service branch in Colorado as the year closed at Fillmore Place on the northeast corner of 1st Ave. and Fillmore. The new venture marks the first time that the nation’s second-largest bank will serve retail customers in Colorado. In addition to the flagship Cherry Creek location, the bank is opening at least two additional retail branches within the state this year and is likely to expand further by opening other branches or acquiring other banks. Previously BofA operated a Creek location for commercial and business clients but never retail customers.

Bank of America made its first big entrance into the Colorado market in 2008 —during the height of the financial crisis — through the acquisitions of both Merrill Lynch and Countrywide Bank that had locations in Cherry Creek North. Countrywide’s location has since closed and Merrill Lynch has relocated into the Fillmore Place Banking Center. In June of last year FDIC ranked BofA as the 22nd largest bank in Colorado.

Nationally, Bank of America Corp. and the U.S. Justice Department are negotiating a settlement under which the bank would pay a major penalty for allegedly selling risky mortgage-backed securities that contributed to the 2007-08 financial crisis. The Justice Department reportedly is seeking a $17 billion settlement with the bank. At the end of 2014 the bank’s Countrywide Financial mortgage subsidiary was ordered to pay a nearly $1.3 billion penalty for a similar program that caused significant losses to government-backed mortgage finance agencies Fannie Mae and Freddie Mac.

Approval Seal Pulled

Lastly Denver-based First Western Financial (First Western Trust Bank & First Western Capital Management) signed a definitive agreement at year’s end to merge with Salina, Kansas-based Sunflower Financial (Sunflower Bank). Both banks have locations in Cherry Creek North. However, Sunflower Financial got cold feet and the two banks called off the deal.

Originally Scott Wylie, Chairman and CEO of Denver-based First Western, would have become Chairman and CEO of the combined bank and investment management subsidiary, as well as CEO and President of the holding company. Additionally, Denver would have been headquarters of the combined company.

Ironically, the deal was terminated the day after the Colorado Division of Banking had approved the merger. The combined company would have had approximately $2.5 billion in banking assets and $5.5 billion in trust and investment assets under management. “Although the original rationale for the merger had merit, the parties determined that terminating the merger was in the best interest of both companies and their respective shareholders,” the companies said a in joint statement issued on Jan. 16.

Sturm Staying Power

All of these developments were big news, but the fact Cherry Creek and other Colorado banks and credit unions are getting healthier is also influencing the district’s outlook. In addition to Steele Street, four other banks located or headquartered in Cherry Creek were on Bauer Financial’s top rated list. Not surprisingly, leading that list is Cherry Creek North headquartered ANB Bank, short for American National Bank.

The remarkable roots of Cherry Creek North banking go back to when Donald Sturm jumped into banking by purchasing five ailing banks including what was originally Cherry Creek National Bank. Now Sturm and his wife Susan run 33 banking centers located in Colorado, Wyoming and Kansas City from their Cherry Creek headquarters. The bank’s parent company, Sturm Financial Group, Inc., is also headquartered here and has financial strength embodied in over $2.3 billion in assets and ranks in the top 6% of banks nationwide by size. The bank has constantly achieved a Five-Star rating with Bauer Financial, the highest rating.

The Sturms’ philanthropic foundation gifts, when combined with the charitable endeavors of his companies, provide about $4 million a year to communities across five states. They have given money to fund charter schools, helped libraries, Children’s Hospital Colorado, Denver Art Museum and myriad charities. Other local banks on the top-performing list include Bank of Denver. CoBiz Bank and Guaranty Bank & Trust.

New Branches Opening

A newcomer to Cherry Creek, Alpine Bank — an employee-owned $2.4 billion-dollar organization — is scheduled to open its first Cherry Creek branch in the new Coors Foundation Building at 215 St. Paul on April 1. A year ago April, Alpine Bank opened its first Denver branch in the Union Station neighborhood’s IMA Building. Chartered in 1973, the bank’s headquarters are in Glenwood Springs, with 37 western and southwestern Colorado offices.

Building new digs in Cherry Creek North on East 1st Ave. is First Citizens Bank. The building now under construction at 3611 E. 1st Ave. is on the northeast corner of 1st Ave. and Monroe and will join a nest of neighborhood banks located on the east end of 1st Ave. near Colorado Blvd. First Citizens new bank is just west of Compass Bank and across 1st Ave. from Colorado State Bank & Trust and First National Bank. Heartland Bank and Young Americans Bank are also in proximity. The Raleigh, North Carolina-based bank initially opened a branch in Cherry Creek several years ago at 311 Steele St. under its IronStone Bank subsidiary name. That name was later converted to First Citizens. The new branch is expected to open near the end of the first quarter of this year and the Steele St. location will then be closed.

In addition to area banks, there are a dozen financial institutions with offices in Cherry Creek North. In addition to BofA’s Merrill Lynch, major firms include BNY Mellon Wealth Management, Cambiar Investors, Charles Schwab and Edward Jones. Also with a major presence here are Janus, MorganStanley SmithBarney, R.W. Baird and Scottrade.

Cherry Creek Becoming

Wall Street Of The West

Somewhat comparable to the eight block financial district in Lower Manhattan, Cherry Creek North’s seven-block district once known for its fashionable boutique shops is quickly becoming Denver and the Rocky Mountain West’s financial district. Cherry Creek is now home to 32 banks, many with their headquarters here. There are also a dozen major financial firms. Moreover, the east-west route running along 1st Ave. from University to Colorado Blvd. has become the district’s “banking row” with 15 banking locations.