Arizona Daily Sun from Flagstaff, Arizona • 29

1432.32 46.94 Care Term Long steve Insurance STATE Toll (Valid in Free: Steve continental 223 statelarm.co Flagstaff, 928-774-3303 866-774-3302 11.5. Switala Leroux only) AZ CONTACT US: Jeff Tucker, business reporter phone: 556-2250 e-mail: -SIDE Business STOCKS Bonds Dally nign, low ana close for the week ending August 9. 8,800 8,600 8,700 8,500 I 8.400 8,300 8,200 8,100 8,000 Th Week's close: 8,745.45 Dow Jones 8,745.45 NYSE 490.43 500 908.64 AMEX 831.48 Russell 2000 $12.00. 388.45 Nasdaq 1,306.12 AP Weekly Wall Street D3 BUSINESSInside Flagstaff Business D2 Initiatives are under way both locally and nationally to make owning a home more realistic for everyone, says Jean Richmond-Bowman the Northern Arizona Building Association. Flag Real Estate D2 You may be pleasantly surprised by how much your home has appreciated in value.

Mary Monday takes a look at just how well certain homes in Flagstaff are faring. Business D3 Local D3 SMALL'Talk Diversify investments beyond your business NEW YORK (AP) For many small company owners, every available cent goes into their enterprise during the first few years of business. Personal portfolios, including stocks and mutual funds, just aren't a priority. With Wall Street having tumbled to five-year lows, it might be time to think about doing the personal investing you put off while you built your business. "This massive downturn can have a silver lining for business owners, because now they will focus on their overall financial picture," said Gary Schatsky, a certified financial planner in New York.

Some entrepreneurs who put their money into their businesses instead of the market might feel they made the right choice, given stocks' precipitous drop over the past two years. They might consider investing now to be the wrong move. "In retrospect, they figure they've done a brilliant move by not going into the stock market, (but) it's probably not the best thing for some of them," Schatsky said. "You should play to your strengths, but there's more to be said for diversifying your portfolio." For the squeamish, Schatsky's suggestion is to "start slowly, so you can hit your level of comfort." A mixture of index and actively managed mutual funds are one way to begin, and no-load funds are best if you're looking for lower costs, he said. Robert Reby, a financial planner in Danbury, suggests putting money into a retirement plan either setting one up for your firm or upgrading an existing plan to allow you and your employees to save more.

That will enable you to set aside money for the future and also save your business money on taxes. of a See has DAILY SUN SUNDAY BUSINESS August 11, 2002 New Sedona resort stirs controversy A vacant knoll at the busy 'Y' intersection is being bulldozed for time-share condos and upscale shopping BY DOROTHY GARDINER Special to the Daily Sun When the $30 million Hyatt Pinon Pointe Sedona resort is finished in January 2004, not only will a longtime wish of a small group of old college friends be fulfilled, but a lavishly landscaped multi-leveled resort, restaurant and retail complex will open its doors to the world. But in the meantime, controversy and speculation concerning the project, planned and designed by a Taliesin-trained architect and planner, that is replacing a vacant 15-acre knoll at Sedona's intersection, has been heating up. Passersby have been watching with alarm as heavy grading and excavating machines crawl like ancient behemoths across the terrain, tearing apart the hillside located above the stoplights at the intersection of highways 179 and 89A, the main route connecting Flagstaff to Sedona and the Verde Valley. "They're raping the land with little regard so they can make a dollar," Noreen Cook, a Sedona healer, said Friday at the post office.

"And the intersection can't handle the traffic." Vandals struck the construction site on July 2, extensively damaging 11 pieces of heavy equipment and causing the contractors to lose almost a full day's work. No suspects have been charged. The knoll has become a familiar landmark, with some Sedona residents possibly assuming the shaved, partially pinon-studded tract would always be there. "What's the need?" asked Dick McCreary, a Sedona retiree, also at Shared signals KNAU will be sharing its radio content with new Hopi Public Radio on the reservation, and the Hopi station hopes the collaboration will be more than just one-way. BY JEFF TUCKER Sun Staff Reporter It's been a little over a year since KUYI, a public radio station serving the Hopi reservation, went on the air.

At that time, General Manager Loris Taylor wanted to bring something a bit bigger to the mesas. "We're roughly a year old," she said. "A small' infant station doesn't have much revenue, so the question was how can we provide the best service and quality programming possible?" Before KUYI went on the air, the station surveyed the community on what content it wanted, and the overwhelming response was news and public affairs. Taylor said getting popular National Public Radio programming like "Morning Edition," "All things Considered" and NPR news will fill some of that demand. As a treat, the station wants to rebroadcast "Car Talk" on the weekends.

However, getting that programming is difficult because RIGHT ON RED AFTER STOR TOURIST INFO WEST SEDONA UPTOWN COTTONWOOD FLAGSTAFF SEDONA RED ROCK OAK CREEK STATE PARK CANYON Greg Daily Sun CONSTRUCTION EQUIPMENT SITS Thursday atop the 15-acre knoll at Sedona's intersection as work continues on the $30 million Hyatt Pinon Pointe Sedona resort. The complex is expected to be completed within 18 months. the post office. "We have plenty of shops and time-shares now. And it's (the excavation) noisy." COLLEGE FRIENDS CHIP IN HWY 89-A SI BIRCH HWY.

It was more than 30 years ago when the U.S. Forest Service exchanged the knoll in Sedona for a property known as West Fork in Oak Creek Canyon. The new owners were a small group of college friends who formed a land syndicate, Imperial Properties, to manage the property. The See RESORT, D4 KNAU MUSIC DIRECTOR Geoff Norlross a sound booth at the station, located at lic Radio affiliate is partnering with KUY1, including "Morning Edition," to the Hopi subscription fees are high. But Taylor contacted KNAU, Flagstaff's public radio station based at Northern Arizona University, and asked for help.

"PRI, Arrows, BBC, CNN; all those subscriptions carry fees, which can be quite high," Taylor said. "My thought was, 'What can we do to get those programs, there must be some room for a partnership It turns out there was, and now KUYI will be able to rebroadcast many of the programs carried by KNAU though a partnership between the two stations. KNAU General Manager John Stark said the partnership serves his station's interests well, despite that fact that KUYI will not pay the station for the rebroadcast. KNAU pays roughly $220,000 a Some risks are worth taking, but not with our life savings. When we thought of all the people saw that it was a smart bet to protect So we went to see our State we know who needed long-term care, our finances.

agent. With our agent's help, we put together an affordable plan that helps protect our assets against the high long-term care. me today about all the choices State Farm's Long-Term Care Insurance to offer. SECTION JOHN E. SATHER, a graduate of the Frank Lloyd Wright School of Architecture and the Swaback Partners architect responsible for the Hyatt Pinon Pointe Sedona, has designed the 109-condo, retail complex to meld with the existing hillside.

cOM Amy Daily Sun and "Morning Edition" host Sadie Babits sit in Northern Arizona University. The National PubHopi Public Radio, to rebroadcast its content, reservation. year to be a National Public Radio station. That distinction allows the station to broadcast NPR content, including the shows KUYI was targeting. The partnership also will give KUYI access to locally produced content in Flagstaff and from the state capitol in Phoenix.

The upside for KNAU, Stark said, is that its programming will be delivered to a wider audience. "At KNAU our programming will be heard more extensively and will have a greater geographic reach," he said. "In assisting a start-up public radio station, the partnership is also playing a part in NAU's mission in partnering with Native American tribes," he added. Some people can pick up KUYI's broadcast in Flagstaff, depending See RADIO, D4 Where are we going with alt. energy? JEFF TUCKER Business Pulse BY JEFF TUCKER Sun Staff Reporter ith the arrival of the Southwest Renewable Energy Fair this week, folks in Flagstaff were treated to a vision of the future.

It wasn't as grand as the World's Fair, but Flagstaff's renewable energy fair, with its displays and workshops, illustrated what many believe to be the inevitable future of energy. But with the fair also comes the realization that despite the advances in technology displayed at the DuBois Center at Northern Arizona University, policymakers are still dragging their feet when i it comes to making renewable energy viable. That was the word from Bud Annan, former special assistant to the Secretary of Energy, who spoke Thursday afternoon during NAU's renewable energy policy conference. See PULSE, D4 we cost Like a good neighbor, State Farm is there." State Farm Mutual Automobile Insurance Company Home Office: Bloomington, Illinois statefarm.com Call for details on coverage, costs, restrictions and L7C 2001-04.