A CEO’s Insights

Brought to you by our Research Sponsor, Pinnacol Assurance

A Big Thank You for a Big Opening Event

In 2003, the Metro Denver business community and the region’s economic development groups banded together to do what we always do during tough economic times. We got the band back together, devised a plan to jump start the economy, and raised $13.2 million to make it happen.

The Metro Denver Economic Development Corporation (Metro Denver EDC) was born. And the new organization, and affiliate of the Denver Metro Chamber of Commerce, was committed to regional cooperation and a united approach to job creation.

The Metro Denver EDC created a strategic plan with six major objectives. One of those was transportation with the word “FasTracks” in parentheses. We wanted to leave no doubt that we were throwing down with the Metro Mayors Caucus, major environmental groups, trade unions, county commissioners, and transportation advocates in the pursuit of a 140-mile rail and bus rapid transit system.

Ultimately, the Metro Denver EDC provided $750,000 to the FasTracks campaign - by far its largest contributor. 

Seven years after RTD’s Guide the Ride failed by a 58-42 trumping, advocates had reconfigured the system and prepared for a 2004 vote. FasTracks was another major infrastructure project we were willing to pursue and would drive our brand as a region with its eye on the horizon.

It was a bold move. Some groups wanted to build one line at a time. Others wanted to use bus rapid transit as a cheaper and more versatile option. Opponents argued that Metro Denver residents would “never” get out of our cars. All of which would be dismissed when voters, by a 58-42 percent margin, approved the construction of the entire system simultaneously. FasTracks would become the largest, single transit project in the nation since the Washington, D.C. system.

In the late 1980s when Denver International Airport (DEN) was under construction citizens around the region continually asked, “Will there be a train to the Airport? We need one, because it’s so far away!” We promised there would be a train. In fact, we carved out and preserved a large swath of ground for the railroad tracks. On April 22, much of that same swath of ground will be underneath the University of Colorado A Line as it makes its way from Denver Union Station to DEN and back, every 15 minutes. 

The business community, and especially the Metro Denver EDC and the Denver Metro Chamber of Commerce, demonstrated that a combined effort of the private sector in consort with the region’s mayors and other important groups could bring us to a brighter day where access to the entire region is possible. April 22 puts on exclamation point on vision, tenacity, and collaboration. Thanks Metro Denver! We did it again!


Tom 2


comments powered by Disqus

About Phil Kalin

Phil Kalin joined Pinnacol Assurance as CEO in 2013. He has served as the chief executive of both public and privately-backed companies, including large hospital systems, as well as organizations focused on health care data, technology and education. He has been active nationally on health care topics related to insurance, data analytics, technology innovation, cost improvement and risk mitigation. Phil is providing an informed opinion on what we see in the Monthly Economic Indicators.

Learn More...

About Pinnacol

Pinnacol Assurance is the Metro Denver EDC's Research Sponsor. Pinnacol is Colorado’s leading provider of workers’ compensation insurance. Pinnacol provides comprehensive, competitively priced coverage; immediate attention to claims; a highly qualified network of medical providers; and proactive safety programs to more than 55,000 Colorado businesses. Annually, Pinnacol supports nearly $500 million of Colorado’s economic activity, spends over 35,000 hours keeping Colorado worksites safe and provides compassionate care to over 40,000 Coloradans injured on the job.

Learn More...



Blog Roll