Here's a roundup of recent business and health news from Colorado, focusing on developments in water management, alternative wellness, and local businesses.
Reservoir Project Moves Forward After Settlement
A significant step has been taken in northern Colorado regarding a large-scale water supply project. Communities supporting the $2 billion project, which includes the creation of two new reservoirs, have reached a $100 million settlement with environmental groups. This agreement involves investing in a fund dedicated to improving the health of the river, effectively ending decades of dispute and paving the way for the project's continuation.
This settlement marks a crucial turning point, allowing the reservoir projects to proceed while addressing environmental concerns. The $100 million investment will contribute to the long-term health of the river ecosystem. This water supply project is expected to provide much-needed resources to the growing communities in northern Colorado.
Psilocybin Studios Could Open in Denver
Denver could soon be home to a new type of business: psilocybin yoga studios and social clubs. These facilities would offer supervised psychedelic experiences, but they would be subject to strict regulations. According to reports, these venues will be required to obtain a license and ensure adequate supervision, especially for groups exceeding 60 people.
This emerging trend reflects a growing interest in alternative health and natural medicine. The potential opening of licensed psilocybin facilities in Denver could position the city as a hub for psychedelic wellness. Of course, it remains to be seen how these businesses will be regulated and integrated into the community.
Fiction Beer Company Set to Reopen
In other Denver business news, Fiction Beer Company, located on East Colfax, is planning to reopen under new ownership. A group of trivia night hosts has purchased the brewery, raising questions about the future direction of the establishment. The reopening of Fiction Beer Company is generating excitement among local beer enthusiasts.
It's unclear what changes the new owners will bring, but the reopening itself is a positive sign for the local craft beer scene. Will they keep the same beers, or will they add something new? Only time will tell.
Homeless Shelter Buys Nearby Building
The St. Francis Center’s homeless shelter in Curtis Park has purchased a nearby building, effectively ending negotiations with local neighbors. The shelter provides essential services, including showers, mail, and social support, to approximately 500 homeless individuals daily. The acquisition of the new building will likely allow the St. Francis Center to expand its services and provide even more support to the community's most vulnerable members.
This purchase is a significant development for both the shelter and the Curtis Park neighborhood.