NEWS: Mon. April 26, 2010

Apr 26th @ 6:51 am in News by Scott Staley

The receivership for Valley Investments has filed papers in U.S. Bankruptcy Court, a move aimed at allowing it to sell property more quickly. The Daily Sentinel has learned that filing for bankruptcy protection as a debtor in possession of the property will allow the attorneys to dispose of the property more rapidly.  The law firm in receivership is Rider and Quesenberry .  They took receivership when they were appointed by a Denver district court. Valley Investments owner Philip Rand Lochmiller, his son along with  employee, Shawnee Carver, all face federal charges in connection with the fall of Valley Investments, in which more than 400 investors had invested more than $30 million.
Source; Daily Sentinel (Posted 6:47a by Jim Kapp)

A group of local cyclists say Grand Junction could use some bike friendly improvements. KJCT reports that these local cyclists took city transportation planners for a spin. The group is hoping the interactive one on one will help make the city safer for cyclists.  They stopped occasionally to point out the good and bad of Grand Junction’s roads. The bike enthusiasts say safer bike lanes could help a lot of people, especially when money is tight. Some of the group’s members are talking with planners tomorrow.
Source: KJCT (Posted 6:48a by Jim Kapp)