The 780 employees of Diners Club will share the new office building with 220 employees of Travelers Bank & Trust, also a Citicorp company. The new building, with highly efficient floor plates, is at 7958 S. Chester St. in Arapahoe County. The building is owned by Travelers Investment, another Citigroup subsidiary, and Highland Park Venture.

What makes this deal especially sweet for economic development types, is that Diners Club, which has had a presence in Colorado for more than 30 years, at one time had been talking about leaving. The parent company, then known as Citigroup, had announced in June 1998 that it would close its former office in the Inverness Business Park and move nearly 800 employees to Nevada and Florida in a cost-cutting measure. Minds had changed a few months later in concert with Citigroup's merger with Travelers Insurance. The turnaround had come about because Citigroup didn't want to uproot employees or risk losing them through a move. Although Diners Club is based in Baltimore, almost 70% of its employees work in Colorado.