News

SFRs In Short Supply Inside the White Barn

Single-family residences are in very short supply within Park City limits. Current demand for homes in the heart of Park City is driving prices even higher and making inventory scarce. The number of houses on the market under $1.5 million is in the single digits. Within the basin surrounding Park City there are only a couple of dozen homes available — with the majority located in Jeremy Ranch and Summit Park. New home construction is… SFRs In Short Supply Inside the White Barn

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Utah’s 2017-18 Ski Season Winding Down… Here are the Closing Dates

Projected 2017-2018 closing dates for ski resorts in Utah. Whether it’s the final turns of the year at Solitude or the epic spring skiing at Snowbird, Utah can be a top-notch place to finish off your winter. With most of Utah’s ski areas closing within the next two weeks, you better get after it soon. Below are the projected 2017-2018 closing dates for ski resorts in Utah. All dates are subject to change. Alta Ski… Utah’s 2017-18 Ski Season Winding Down… Here are the Closing Dates

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The Marketplace at Silver Creek Center Applies For Mixed Use Retail/Housing Approval

Marketplace at Silver Creek Center LLC has formally applied for development approval to the Summit County Planning Department for a 208,000 square foot retail shopping/services complex and 148 condominiums. The Conditional Use Permit will seek to entitle a 60,000 square foot building to house multiple anchor type uses. The development will seek to increase its height allowances via the acceptance of Transfer Density housing units ( TDR’s ) currently owned by Summit County. The project… The Marketplace at Silver Creek Center Applies For Mixed Use Retail/Housing Approval

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Ikon Pass Partners Up with Protect Our Winters

Ikon Pass announces partnership with Protect Our Winters We are happy to announce that we have partnered with Protect Our Winters (POW) to further climate change education and advocacy. We’ve collaborated on a three-level $50k partnership: a complimentary one-year Protect Our Winters membership to each Ikon Pass holder for the 2018-2019 winter season, a $25k Summit Level donation, and the creation of the Ikon Pass Fund. With a first-of-its-kind advocacy endowment for Protect Our Winters,… Ikon Pass Partners Up with Protect Our Winters

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Summit County Secures Lower Silver Creek Drainage to Expand Recreational Open Space

Snyderville Basin Commercial Property in Short Supply Commercially zoned property in the Snyderville Basin is becoming more and more scarce as Summit County recently announced the purchase of 461 acres of land along North Highway 40 and across from The Home Depot. The number of available parcels suited for commercial development under current zoning has dwindled to less then a hand full. Most available commercial property that is currently available for sale represents remnant parcels… Summit County Secures Lower Silver Creek Drainage to Expand Recreational Open Space

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Park City Municipal Negotiating to Purchase 100 Percent of the Treasure Hill Project

“Permanently Preserve the Land as Open Space” Park City Municipal Corporation and the owners of the Treasure Hill Project are negotiating an agreement to purchase 100 percent of the Treasure Hill Project to permanently preserve the hillside as open space and prevent any future commercial or residential development. The parties have an agreement in principle to provide a final purchase agreement and sale price for City Council and community consideration at their regularly scheduled City… Park City Municipal Negotiating to Purchase 100 Percent of the Treasure Hill Project

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Alterra Mountain Company Announces Multi-Resort Ikon Pass

Mikaela Shiffrin will be New Ikon Pass Ambassador After the company that purchased Deer Valley Resort announced its new name earlier this month, Alterra Mountain Company came out with another big announcement. It will be offering a multi-resort pass next season. The Ikon Pass, as it is called, will give users access to 23 destinations, including Deer Valley Resort. The pass unites Alterra Mountain Company, Aspen Ski Company, Alta Ski Area, Boyne Resorts, Jackson Hole… Alterra Mountain Company Announces Multi-Resort Ikon Pass

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Where’s the Snow? Blame it on ENSO!

El Niño-Southern Oscillation (ENSO) The El Niño-Southern Oscillation (ENSO) is a recurring climate pattern involving changes in the temperature of waters in the central and eastern tropical Pacific Ocean. On periods ranging from about three to seven years, the surface waters across a large swath of the tropical Pacific Ocean warm or cool by anywhere from 1°C to 3°C, compared to normal. Ski resorts throughout the western United States have been doing the best they… Where’s the Snow? Blame it on ENSO!

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Market Predictions Moving Forward

Homebuyers Will Leave High-Tax States If state and local tax (SALT) deductions are eliminated in high-tax states like California, New York, New Jersey, Maryland, Massachusetts and Illinois, people will leave these states for places where they can get more home for less money. In a survey of 900 homebuyers, a third of respondents said that they would consider moving to another state if they could no longer deduct state and local income and property taxes.… Market Predictions Moving Forward

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Park City Treasure Development Deal

“We need to think through this universally” City Hall’s tentative agreement to acquire half of the Treasure development rights received broad support peppered with a few concerns at a Wednesday night meeting of the Park City Planning Commission, likely an early preview of what is expected to be an intense, community-wide discussion in coming months as sides craft arguments for or against a ballot measure to fund a deal if one is pursued. The Planning… Park City Treasure Development Deal

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