LOCAL BRIEFING

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AMERICAN SKIING CO. STOCK REBOUNDS AFTER LOW POINT

STEAMBOAT SPRINGSThe value of American Skiing Co.'s stock rose as high as 95 cents a share on the New York Stock Exchange at midday Friday, before giving up .05 points and finishing the week at 90 cents on volume of 30,600 shares.

American Skiing is the parent of the Steamboat Ski Area. The company announced in May its intent to sell Steamboat and other local assets, including the Steamboat Grand Hotel, as part of a plan to get out from under oppressive debt.

ASC's stock, which trades under the symbol "SKI," had reached an all-time low a week earlier when it finished at 72 cents on June 29.

Company officials announced late last week that they had negotiated with major creditors an additional extension, until July 9, to restructure a portion of the company's $400 million it holds in debt.

PRINCIPAL SELECTED FOR SODA CREEK ELEMENTARY SCHOOL

STEAMBOAT SPRINGSJudy Harris, the director of content standards for the Steamboat Springs School District, is the top choice to be the new principal at Soda Creek Elementary School.

A group of school district panelists including Soda Creek teachers and parents, principals, directors and Superintendent Cyndy Simms decided on Harris after reviewing eight applicants and wrapping up the selection process Wednesday.

The school board is expected to approve Harris' hiring at its next meeting in August.

"I think (Harris) is an exceptional person. Her sincere affection for the schools and learning and her love for children are just obvious," said John Rogan, a panelist and parent of a Soda Creek third-grader.

Harris said she is excited about her new position.

"I am anxious to have the chance to meet with staff members and parents and begin building our plans for next year," she said.

COMMITTEE PUSHES FORWARD TO PUT IMPACT FEES ON BALLOT

STEAMBOAT SPRINGSThe group attempting to get petitions signed so that impact fees will be voted on is trying to get some more volunteers to help solicit signatures as well as people to sign the petition.

To find out more call 846-8901.

To help petition or to sign the petition, see Norbert Turek at Elk River Realty or visit Weiss, Van Scoyk and Coe on the second floor of the Vectra Bank building.

The group has until July 19 to get 1,600 signatures.

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