Boom and Bust

Boom and Bust (HM2HY3)

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N 39° 44.782', W 104° 59.469'

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Inscription

Wall Street of the Rockies

—Seventeenth Street Denver, Colorado —

The downtown skyline was transformed in the late 1970s and early 1980s as the Denver economy boomed based on the price of oil. As oil prices fell below $10/barrel in 1986, Denver's economy contracted.

In 1986, the Denver economy entered its worst downturn since the Great Depression of the 1930s. The drop in the price of oil led to major lay-offs at many Denver petroleum companies. Downtown land prices declined as much as 80% and office vacancy rates exceeded 35%.
Details
HM NumberHM2HY3
Series This marker is part of the series
Tags
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Placed ByWalk of Fame International
Marker ConditionNo reports yet
Date Added Wednesday, June 19th, 2019 at 2:01pm PDT -07:00
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Locationbig map
UTM (WGS84 Datum)13S E 500758 N 4399607
Decimal Degrees39.74636667, -104.99115000
Degrees and Decimal MinutesN 39° 44.782', W 104° 59.469'
Degrees, Minutes and Seconds39° 44' 46.92" N, 104° 59' 28.14" W
Driving DirectionsGoogle Maps
Which side of the road?Marker is on the right when traveling North
Closest Postal AddressAt or near , ,
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