Greeley Daily Tribune from Greeley, Colorado on April 16, 1973 · Page 68
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Greeley Daily Tribune from Greeley, Colorado · Page 68

Greeley, Colorado
Issue Date:
Monday, April 16, 1973
Page 68
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; /V-32 GREELEY (Colo.) TRIBUNE Mon., April II, 1173 Hensel Phelps encompasses remodeling, bridge construction Remodeling homes and , building grain elevators is a far . cry from building -- for $21 million -- a new university . campus or putting up a f 14 · million-plus bridge with the j highest pier in the world. But in its nearly 40 years of existence, Greeley-based Hensel Phelps Construction Co. has done both. -. Started in 1937'by the late .. Hensel Phelps, the firm did residence remodeling in the late 1930s, built grain elevators through the World War II years " and later did small commercial and residential contract work. The current president of the firm, Joe Phelps, joined in a _ partnership with his father in '·the mid-1950s and in June of 1957, Hensel Phelps incorporated into its present form. In 1958, the firm did $1.6 million in contract work. Five years later it was nearing the $10 million mark in annual work volume. Now, says Executive Vice President Bob Tointon, Hensel Phelps -- along with its four- year-old subsidiary, Phelps- Tointon Constructors, Inc. -will have done $85 million in work volume during its 1972-73 fiscal year which ends next month. And in the intervening years, the firm has grown from a full-time staff of four -- with construction workers as demanded by contracts -- to a recent staff and contract payroll peak of 1,375 employes. Hensel Phelps is at work on a $21 million-plus pact for building the new campus of the University of Texas at Dallas.' Underway in suburban Richardson, Tex., the project includes building a library and physical education, behavioral sciences and liberal arts buildings as well as site work. And the firm is starting in on a two-year project, at $14 million-plus, to build a world- class bridge over the Stanislaus River in the Sierras of California. The bridge's main pier structure will stand 422 above the bottom of the footings, making it the highest bridge of its type in the world. Spokesmen for the Associated .General Contractors of Colo- rado say Hensel Phelps is rated among the top 400 construction companies in the nation. The firm is divided into Plains and Pacific divisions, with regional offices in Dallas, Burlingame, Calif., and Spokane, Wash. But headquarters for the firm remain in Greeley. "We grew up here," explains Tointon. He points out construction firms, bringing in length-of-contract crews and equipment, can do business on a wide geographical basies. The scope of Hensel Phelps projects currently is bounded by Dallas, Kansas City, San Francisco and Spokane. But operating pretty much locally is the firm's Phelps-. Tointon subsidiary, specializing TEXAS-SIZED AIRPORT -- Greeley-based Hensel Phelps Construction Co. holds the contract for two of the four terminals -- now nearly complete --. of this, the new Dallas-Fort Worth Airport. Contract for the Dallas-Fort Worth project, at $35 million, is one of the largest in Hensel Phelps history, second only to its work at the Kodak-Colorado complex. (Hensel Phelps Co. Photo) Trend is toward 2 homes ; By JAMES M. WOODARD · Copley News Service ' It was a rare and "progressive" family who owned more than one radio a few decades ago. Now most families have three to five strategically located throughout their home. Our average family has also evolved from ownership of One to two television sets and two cars. In 1973, the trend is {oward two homes. : Second-home families multiplied at an epidemic rate last year. In fact, nearly 15 per cent of total housing starts were for second or "vacation" homes. There are already over three million second homes, and that number is now growing at over 200,000 per year. A recent survey gives us an interesting profile of today's average second-home owner. More than half make incomes over $15,000; 45 per cent pay over $15,000 for their second home excluding land cost; 45 per cent build on land worth over $5,000; 89 per cent have a site more than a half-acre in size; 55 per cent arc between 31 and 50 years of age and more than half of the present owners plan to retire to their second home. Why the current boom in vacation homes? There are a variety of reasons, mostly keyed to our Ci inging life styles and economy. Thanks lo medical science we now enjoy longer life, vacations are longer, work weeks arc shorter and disposable incomes arc rising. If you're not becoming to him, you should be coming to us. Thirteen stylists Vlviane Woodsrd cosmetics Red Ken products cJLa Ueta STYLING SALON 2460 Eighth Avenue Ph. 353-4053 in design and building projects which include both the architectural and construction sides. "The idea is," says Tointon, "that economies can be designed into a project initially." He adds, "The Greeley Mall is a good example. We agreed on a lump ($5 million-plus) sum based on the plot plans, the floor plans and specifications." The Monfort of Colorado corporate headquarters were built under the same procedure, he says. Recent or current Hensel Trading rules offered By JUDITH G. RHOADES Copley News Service Q. I have decided I would like to do some trading in the stock market. Do you have any suggestions for me to follow in order to be a successful trader? -- C.A., Houston, Tex. A. Yes. No. 1, approach the situation without emotion; in other words, do not fall in love with a stock. No. 2, set perimeters to your trading ranges. If, for example, you purchase 300 shares of a $30 stock, de" cide beforehand how far you will allow a loss to go before getting out, or how high you'll allow the stock to run before taking a profit. If you do this, and the stock goes down, although you are unhappy at taking a loss, you have set limits and you won't watch your shares sink below a point where you will feel forced to hold the shares until they come back to at least your purchase price. (That may be never.) On the other hand, taking a profit early is not an unhappy trade. Of course, you might not have the last extra point or two -- but you have a profit certain -- instead of perhaps seeing your stock fall again. Keep in mind that a successful trader does not try for the killings -- he tries for consistency. Vancouver has the best Chinese food in Canada according to "Where To Eat In Canada," written by Anne Hardy. Phelpi of Phelps-Tointon projects locally include: ' --The initial six building complexes, totaling 1.7 million square feet, at Kodak-Colorado -- the firm's largest-ever project. Two other Kodak structures, totaling 750,000 square feet, are under construction. --Greeley National Bank's $4 million banking complex project, --The Michener Library and 17-story dormitory-apartment complex on the UNC West Campus. The company is completing work on its second-largest set of contracts -- after the Kodak work -- as it wraps up $35 million in work on two of the four terminals at the new Dallas-Fort Worth airport. Hensel Phelps expects to complete work by 1975 on the First National Bank plaza in Denver, between 17th and 18th, south of California. The $20 million-plus contract includes building a 32-story tower and a six-level Banking facility. About 30per cent of the firm's work, Tointon says, is on bridges. Besides the California project, the company completed work in late 1971 on an $8.5 million span over the North Fork of the Clearwater River in Idaho. And the company is starting, its first projects in Oregon -r-' both bridges. One is the $4.9' million Petyon Bridge 35 miles: northeast of Medford, Ore., and, the other the $1.1 million Clariig Bridge in central Oregon, about 1 100 miles south of the Columbia; River. Besides Phelps and Tointon,- who also serves as manager of.; the Plains Division, Hensel ·· Phelps officers include: Bob.; Ruyle, vice president and' general counsel; Jim Beer, vice ( : president and Pacific Division- manager; John Todd, vice! president for business develop-] m e n t ; and Chuck Clow,; treasurer. SEnaSfS^ 1 - " --·!··'.·?. :· - rissSstESilLjv,,^ ,,.,·,,, . . UNC PROJECT - Hensel Phelps Construction Co. holds the contract on this 17-story dormitory-apartment complex, center, which is nearing completion on the University of Nor- thern Colorado West Campus. The firm al built UNC's Michener Library. (Hensel Phelps;; Co. photo) ,« P" i Greeley-Weld Association GREELEY COLORADO , YOUR/independent Insurance] IAGEMT SERVES YOU FIRST Serving Your Insurance Needs Yesterday, Today, And Tomorrow. A

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