Word: colorado
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Dates: during 1980-1989
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...Peter Herer. The median price of a home there is $65,000, only two-thirds the price in California's Santa Clara Valley. Wages also tend to be lower-an electrical technician in San Jose, Calif., makes an average of $9.77 an hour; his non-union colleague in Colorado Springs makes $7.84-but there are many other compensations. As Albuquerque Mayor David Rusk told TIME Correspondent Michael Moritz: "Refugees from the East and California pull up stakes, take a cut in salary, and trade the loss in money for psychic income...
...extracting kerogen from marl began in the 1920s, shale oil went undeveloped because its production cost always exceeded the market price of crude. Promises still outpace production, but during the past few years Occidental Petroleum, Atlantic Richfield and Union Oil have spent millions experimenting with shale-oil extraction in Colorado's Piceance Basin. Occidental Chairman Armand Hammer believes that his company will be able to begin commercial production by 1985, keeping costs below $25 per bbl. Today other companies are digging mines near Grand Junction and Rangely, Colo., and Vernal, Utah. Exxon is the most enthusiastic: last...
...newest arrivals are moving into Salt Lake City, Boise, Tucson and Albuquerque. In four years Hewlett-Packard has built a four-building plant employing 2,800 people in Boise, joining longtime residents Boise Cascade (34,000 workers) and Morrison-Knudsen (17,000). Hewlett-Packard has also settled in Colorado Springs, along with Texas Instruments, TRW and Honeywell. Intel, the hottest microchip company in the country, plans to join Internetics in Salt Lake City, as well as start a plant in Albuquerque. Last year National Semiconductor opened a factory employing 275 people in Tucson; this year IBM completed a factory...
...most threatened area in the Mountain West may be Colorado's gorgeous and still half-empty Western Slope. It is estimated that if Exxon does build 150 oil-shale plants there, the population in Rio Blanco and Garfield counties could shoot from 75,000 to 1.5 million. Colorado Senator Gary Hart has figured that the Exxon project alone would require enough new schools, hospitals and roads each year to accommodate a city the size of Grand Junction (pop. 54,000), now the largest city in western Colorado. Water would have to be imported from...
Exxon is reconsidering the scope of its plans, but the development already taking place in western Colorado is leaving its mark. In Craig, which has doubled to 8,000 since 1975, businessmen boast of the new mall with 26 stores; clapboard houses that sold for $30,000 in 1974 now go for better than twice that amount. But Sheriff S.L. Valdez is handling three times the calls he did two years ago, and Carl Andrews, an Episcopal priest, reports a heavy incidence of depression and child abuse. Says he: "A lot of the hopes and dreams never materialize...