Steamboat Springs Fortress Investment Group announced Tuesday that it won't pay a dividend in the third quarter of 2009. Fortress, an asset manager that handles private equity and hedge funds, is the parent company of Intrawest, the parent company of Steamboat Ski and Resort Corp.
"The board elected to retain capital for potential future investment opportunities and for working capital purposes," Fortress said in a news release.
Shares of Fortress closed up 26 cents Tuesday, at $5.78 each on the New York Stock Exchange. The company issued its release about the dividends after the market closed.
Skiing Magazine readers rank Steamboat at No. 9
Steamboat came in at No. 9 overall on Skiing Magazine's list of top 10 resorts for 2010. The magazine tallies reader votes across categories such as steeps, snow and terrain.
Steamboat Ski Area was No. 1 for best trees and No. 2 for best snow, behind Alta/Snowbird in Utah. The resort also came in at No. 9 for best nightlife.
Skiing Magazine reader rankings:
1. Whistler Blackcomb, B.C.
2. Jackson Hole, Wyo.
4. Alta/Snowbird, Utah
5. Revelstoke, B.C.
6. Aspen/Aspen Highlands
8. Big Sky, Mont.
10. Deer Valley, Utah
Steamboat ranked No. 10 overall in this year's Ski Magazine poll.
Hayden library offers fee pass for overdue items
The Hayden Public Library is offering amnesty to people who have overdue items. Members will get a pass on fines through Oct. 2, an extension of the original Sept. 25 deadline. The library is requesting that people bring a donation for the Hayden Food Bank when they drop off books, CDs, magazines and videos.
Members can find out if they have outstanding items or fines by calling the library at 276-3777 or visiting http://yampavalley.info/haydenlib.asp.
US 40 project delayed; work should begin Monday
The U.S. 40 project slated to begin today has been delayed because of snow causing delays moving equipment. Work instead will begin Monday, project spokeswoman Jody Patten said.
The project includes a multifaceted overhaul of Lincoln Avenue from Third Street to 13th Street.