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  • (Daily Herald) A Seattle investment firm, saying a key figure in the Silver Queen Hotel on Main Street owes $7,250,000 on their units in the building, is preparing to auction the condominiums off in a trustee's sale in April.

    A notice of default filed in the Summit County Recorder's Office named Jana Potter and two business entities tied to the Silver Queen. The notice said the payments on the units have not been made on schedule. The deed of trust dates to 2008.

  • PARK CITY (Marketwire) - Construction, design and development teams gathered at the Montage Deer Valley construction site today to celebrate the topping off of this new resort set to open Winter 2010/2011. Reminiscent of great mountain lodges, the resort will feature 174 guestrooms and 81 private residences in a coveted on-mountain Empire Pass location with ski-in, ski-out access to Deer Valley Resort. Tradesmen affixed the traditional evergreen tree atop the structure to commemorate this construction milestone with a symbol of growth and good luck.

  • (Park Record) Ryan Sapp is a developer and Realtor. His wife Angie is an interior designer. They're painfully aware of how long some homes take to sell in the current market and how dangerous it is for a house to remain vacant during that time.

  • (Park Record) A candidate seeking a seat on the Park City Planning Commission insinuated that the influential City Hall panel should be delving into developers' business plans and financing as it considers whether to approve projects.

    Larry Kase's comments during an interview conducted by Mayor Dana Williams and the Park City Council were similar to those he made when he filled out an application for the Planning Commission position. They likely would have surprised some people listening to the interview.

  • (Park Record) The committee attempting to lure the 2012 Republican National Convention to Salt Lake City has secured commitments from approximately two dozen hotels and lodges in the immediate Park City area to house GOP delegations should the political bash be awarded to Utah.

    The number of Park City-area lodges that have told the host committee they would set aside rooms for the Republicans appears to be 22 or 24, according to figures provided by the committee and the local lodging association.

  • (Park Record) Nightly-rental companies that commingle funds are unethical; that's the consensus of several vacation rental management association officers both in states that regulate the industry and ones that don't. A few added they have no problem working within laws that require separate trust accounts for advance-reservation deposits.

  • (Park Record) The developers of Echo Spur on Rossi Hill, a project occupying a little-seen corner of Old Town, say they have made significant progress in the months since a neighborhood dispute about the condition of the construction site.

    Connie Bilbrey, the developer, said in an interview the crews in the past approximately 10 months have put in two major retaining walls, water lines, sewer lines, curbs, gutters, sidewalks and a street. Much of the work was accomplished between June and November, Bilbrey said.

  • (Park Record) JPMorgan Chase & Company will not hold corporate outings in Deer Valley in 2010, the second consecutive year the banking giant will not come to Park City with a group of top-ranking officials and clients.

    The New York City-based bank's decision to cancel what had been an annual ski season retreat to Park City comes as the local economy continues at a pace well off the halcyon days prior to the recession.

  • (Park Record) The Utah Legislature is debating proposed legislation that would exempt the state from national regulation requiring fire sprinklers in all new homes.

    Every three years building and fire codes are reissued by a national entity and ratified by the State of Utah. Many contractors know them as the International Residential Code or IRC.

    The new version was issued in 2009, but last year's legislators withheld ratifying a portion of it that would require all new residential buildings to have fire suppression systems.

  • (Park Record) Someone wanting to participate in the Snow Creek work force housing lottery must have an adult member of a household meeting at least one of the following requirements:

    Full-time worker, at least 30 hours per week on the job or in a volunteer role, within the Park City limits.

    A resident within the Park City School District boundaries for at least two years prior to the lottery.

    An owner of a business or owner's representative within Park City

    A senior citizen

  • (Park Record) City Hall's housing director on Monday said she would be surprised if fewer than 50 people submit their names for an upcoming lottery planned to select buyers for Snow Creek Cottages, the work force housing development under construction off S.R. 224.

  • (Park Record) Miriam Broumas bought the Gingerbread House near the Deer Valley Drive roundabout eight years ago because it reminded her of her childhood home in San Francisco.

    There's something about Gingerbread-style molding that tugs at heartstrings and fond memories. Broumas said she saw many such cottages in Austria while on a ski vacation and now always thinks of the Alps when she sees a Gingerbread house covered in snow. Children in Park City don't have any trouble identifying her home, she said, because it reminds them of storybooks.

  • (Park Record) Mulligans Irish Pub has been told leave lower Main Street by March 15.

    Owner John Sutton and his attorney are trying to appeal that date and want a whole month to vacate, but he will have to find somewhere other than 804 Main Street from which to operate his business for not paying $13,000 in overdue rent.

  • (Park Record) The Yarrow Resort Hotel is now under new ownership.

    The Navnish Group "purchased the note" from Wells Street Capital, one of the creditors of former owner Hart Hotels based in New York.

    Wells Street Capital won the property in a trustee auction held January 27 after Hart's efforts to negotiate with creditors failed. No one from the company could be reached for comment.

  • (Park Record) People in the Park City area might soon be buying gigantic packages of paper towels and catsup in bulk.

    Costco may be coming to Summit County.

  • (Park Record) Last summer Sen. Kevin Van Tassell, R-Vernal, whose 26th District includes Park City, pondered sponsoring a bill to regulate the vacation rental industry. The previous spring two of Park City's largest and most-respected property-management companies imploded under lost sales from the recession.

    On Tuesday, Van Tassell told The Park Record he had decided against sponsoring legislation because he was satisfied with changes voluntarily made within the industry.

  • (Park Record) City Hall has granted the Sweeney family a one-month delay before the Park City Planning Commission could cast what would be its most anticipated votes in years, agreeing to push back the earliest date a decision could be made from April until May.

    The Sweeneys requested the delay shortly after a meeting in mid-February, according to Katie Cattan, the City Hall planner assigned to the family's Treasure development proposal. She said Pat Sweeney, who is leading the family's efforts, requested the delay in an e-mail message.

  • Park City (Salt Lake Tribune) » Feelin' lucky?

    A lot of regular Park City-area workers hope they are, judging from the flood of applications at City Hall for the ski town's housing lottery.

    Step right up folks: Thirteen lucky winners will qualify to buy -- that's right, buy -- houses in Snow Creek with a nice view of ski runs and within spitting distance of the state wine store. Houses are in the mid $200,000-range, a far better deal than anything else around Utah's glitterati stopover.

  • PARK CITY, Utah--(Utah Pulse)--Accelerated Marketing Partners today announced that it will hold a real estate auction for seven exceptional Upper Deer Valley Homes at the intimate and exclusive Lookout at Deer Valley, a 44-acre community of 35 home sites featuring 270-degree panoramic views of the Deer Valley® Resort and Park City ski runs. The event will be held on Sat., Mar. 27, 2010 at 5 p.m. MST at the Stein Eriksen Lodge, located at 7700 Stein Way in Park City.

  • (Park Record) On Dec. 26, The Park Record reported that developers of the Silver Strike Lodge at Empire Pass would auction off eight brand-new units. The developers thought this may have been a first for Park City. In essence, it was a kind of experiment, and response to the article indicated some wished them well, others thought it was a charade.

    As a result of the auction on Jan. 17, all but one of the units in the lodge have now been sold, and two other Park City developers have signed up with the same auction company Accelerated Marketing Partners.

  • (Park Record) The application window for people who want to participate in the lottery to purchase a house in Snow Creek Cottages, City Hall's work force housing development just east of the Park Avenue police station, closes on March 5.

    Information and applications are available on City Hall's Web site, www.parkcity.org. Once at the front page, select the 'I Want To . . .' drop-down menu at the top of the page. Select 'Apply for Affordable Housing' from the drop-down menu and then choose the "Snow Creek Cottages" link.

  • (Park Record) Construction crews working inside Park City started 2010 slowly, posting $680,256.37 in work during the month, the Building Department reported.

    The figure was well off the pace from the same month last year. In the first month of 2009, the industry received permits for more than $3.6 million.

  • (Deseret News) For its first century, Park City's fortunes mirrored the success or failure of the silver mines that honeycomb the nearby mountains.

    But by 1951, the rich veins of precious medals were played out, and the town, which had once boasted 10,000 residents, was included in a book called "Ghost Towns of the West," despite the fact that 1,150 people still called the town home.

    When Park City turned its attention to its other natural resources — abundant snow, beautiful mountains and accessibility — the town was reborn.

  • (Park Record) Experts who track the Utah economy as well as surrounding states this month reported January was a disappointment despite overall optimism for the coming months.

    Economist Jeff Thredgold, who gave the Groundhog Day Forecast for Park City Chamber/Bureau members, said in his weekly newsletter, Tea Leaf, the U.S. Department of Labor's Bureau of Labor Statistics reported numbers for January that appear contradictory.

    He believes the paradox suggests positive growth is occurring, but very slowly.

  • (Park Record) With growth in the Park City area spilling over into rural eastern Summit County a new mission statement and rewrite of the planning goals for the East Side has advanced to the Summit County Council.

    "We wanted to make sure they were in alignment with where the county is now," Eastern Summit County Planning Commissioner Diane Foster said.

  • (Park Record) CalCon Mutual Mortgage is still making loans.

    Almost a year ago when the California company opened an office in Park City, the mention of their name sent people scurrying for a pen and paper at a Board of Realtors meeting.

    The most common complaint from developers, Realtors and homebuilders about the frozen market is their clients can't get funding.

  • (Park Record) With growth in the Park City area spilling over into rural eastern Summit County a new mission statement and rewrite of the planning goals for the East Side has advanced to the Summit County Council.

    "We wanted to make sure they were in alignment with where the county is now," Eastern Summit County Planning Commissioner Diane Foster said.

  • (Park Record) The application window for people interested in entering the lottery to purchase a house in Snow Creek Cottages, City Hall's work force housing development outside the Park Avenue police station, opened on Feb. 8 and closes on March 5.

    Information and applications are available on City Hall's Web site, www.parkcity.org. Once at the front page, select the 'I Want To . . .' drop-down menu at the top of the page. Select 'Apply for Affordable Housing' from the drop-down menu and then choose the "Snow Creek Cottages" link.

  • (Park Record) A City Hall official anticipates the construction of the Snow Creek Cottages work force housing development will be completed by May 25, slightly behind schedule but in time for people moving in to spend the summer in their new places.

    Dave Gustafson, who oversees the local government's construction projects, said the crews are a month behind the anticipated schedule. He said rain last summer and the recent snowstorms caused the delays. Groundbreaking was last May.

  • (Park Record) City Hall and the Osguthorpe family have negotiated an agreement to preserve a tract of farmland off the S.R. 248 entryway, a deal that ensures that the acreage will continue to be farmed instead of being developed someday.

    The Park City Council on Thursday night approved the deal. The price tag is $5.75 million. City Hall will fund $4.75 million of the total and Summit Land Conservancy, a conservation group, has pledged to raise the other $1 million over the next two years.

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