Video: Police provide update regarding Denver 'Radio Shack' hostage situation

The following video is form the Denver Post and provides an update and look at a growing situation happening in Denver. According to the Denver Police Department at approximately 10:40 am, at least one suspect held one person hostage inside a local Radio Shack. The store is located at Colfax Avenue and Glencoe Street with a physical address of 5300 Blk. E. Colfax Avenue. The Denver Police are providing updates on the situation through Facebook and Twitter and state they have an officer inside the building along with SWAT and are in current negotiations with the suspect.

Police first stated that they were responding to a robbery in progress and have issued alerts for citizens to clear the area. The Denver Police Department states that negotiations are underway, however, FOX affiliate KDVR spoke with someone who allegedly knows the suspect. Their source says there are two suspects in the Radio Shack building. According to KDVR, two suspects attempted to rob a neighboring Payday Loans store when their plan backfired. They fired shots at police, grabbed a hostage, and took cover in the neighboring Radio Shack.

You may see live coverage as available here: Watch Live Video of Radio Shack Standoff (hostage situation)
Another press conference is scheduled for 3 pm.