Friday, December 19, 2014

Utah Ski Resort Development, Changes Back in Holiday News

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THE NEWS  After a month of relative quiet, revelations of more development and expansion at Utah ski resorts are again in the news, as key executives voice their thoughts.

Bob Wheaton, the president and general manager of Deer Valley, in a briefing for Park City leaders reported by the Park Record, presented his thoughts on ambitious expansions, including the idea of a gondola that would link Deer Valley and Old Town in Park City.  He also discussed a planned development in Wasatch County overlooking the Jordanelle Reservoir, and development of the parking lots outside Snow Park Lodge.

John Loomis, the general manager of Snowbasin, in a wide-ranging interview with KSL.com, mentioned the resort's plans for "a village with boutique hotel, retail stores, residential dwellings and a new portal to the resort."  This is not new news.  Snowbasin published a master plan, which includes a mountain village, a couple of years ago, and recently received the final approvals from Weber and Morgan counties necessary to start the development.  But until the article on KSL.com, no one in authority at Snowbasin had mentioned the development for some time; and there has been a great deal of conjecture about why the resort has not moved forward with the village - particularly in light of the major acquisitions, consolidation, and development plans announced over the past six months by just about every other major Utah resort.

These developments and their effect on the resort real estate market will be reported on in more detail in coming posts of this blog.  But for now, we're going to leave the keyboard early so we can finish Holiday shopping and wish every one of you a...

                                     Merry Christmas and Happy New Year!!