Westgate Park City Home of ‘Best of State’ Awards

PARK CITY, UtahApril 23, 2014 /PRNewswire/ — Westgate Park City Resort & Spa, Utah’s premier mountain resort recently announced it won multiple 2014 ‘Best of State’ Award in six categories:

  • Best Ski Resort
  • Best Destination Spa (Serenity Spa)
  • Best Steakhouse (Edge Steakhouse)
  • Best America Pub (Drafts Sports Bar & Grill)
  • Best Gourmet Burger (Drafts)
  • Best Fitness Camp (One Fitness Camp)

‘We are honored to have received the ‘Best of State’ Awards for our resort, restaurants and spa for the second year in a row,’ said Brian Waltrip, General Manager of Westgate Park City Resort & Spa. ‘These awards reflect the outstanding teamwork and dedication of our world-class team members at Westgate Park City Resort & Spa.’

The ‘Best of State’ Awards, Utah’s premier recognition and awards program, were created to recognize outstanding businesses, organizations and individuals throughout Utah with the criteria that they ‘excel in their endeavors, use innovative approaches or methods, and contribute to a better quality of life in Utah.’ The intense judging process involves a panel of more than 100 expert judges from across the state that selects winners by scoring nominees out of a total 100 possible points.

As a winner in six categories for 2014, Westgate Park City will receive six Best of State medals and the right to display the ‘Best of State’ logo on business correspondence, websites and other promotional materials. In June 2014, the ‘Best of State’ overall awards will be announced with Westgate Park City, Serenity Spa, Edge Steakhouse and Drafts Sports Bar & Grill up for awards.

Utah’s premier mountain resort, Westgate Park City features a prime location at the base of The Canyons Resort, spacious and exquisitely adorned accommodations, and a multitude of onsite amenities that include ski-in, ski-out access to The Canyons’ 4,000+ skiable acres and a free ski valet service.

~.~.~.~.~.~.~

Park City continually earns honors and awards as one of the world’s best resort communities. Utah Real Estate, a Joel Carson Company, specializes in helping investors buy and sell Park City real estate. Browse all Wasatch Front Regional MLS listings now at www.allparkcityhomes.com. Call Joel Carson at 801-673-3333 for expert real estate assistance.

 

Salt Lake County Unveils Fast-Charger

Editor’s note: The following is a press release originally published by Salt Lake County News Service.

SALT LAKE COUNTY —Partners from Salt Lake County, the Utah Clean Air Partnership (UCAIR), the state of Utah and others recently unveiled the first ever electric fast-charging station for public use along the Wasatch Front. It is located at 2001 S. State Street. The installation is part of a coordinated effort to improve air quality—in this case, by supporting the alternative fuel vehicle market.

Salt Lake County Mayor Ben McAdams, UCAIR Director Ted Wilson, and Utah State Energy Advisor Cody Stewart said today’s “first” is the result of local and state government coming together on steps to eliminate the bad air days that occur during winter inversions. McAdams said Salt Lake County received grants totaling $39,600 from UCAIR and the state for installation of ABB, Inc.’s DC charging station, which has a 480v rate that is able to charge in 10-40 minutes.

“Owners of electric vehicles—which produce zero tailpipe emissions—need infrastructure so that they can conveniently drive longer trips. We’re stepping up to support that individual choice, which helps everyone breathe cleaner air,” said Mayor McAdams.

The Salt Lake County Council’s five Republicans and four Democrats supported the effort.

Councilman Richard Snelgrove said, “One person can make a difference in improving air quality. This is a good example. I appreciate Mayor McAdams’ leadership on this issue.”

UCAIR is a nonprofit, statewide clean air partnership. Ted Wilson, UCAIR Director, said the organization’s goal is to make it easier for individuals, businesses and communities to make small changes to improve Utah’s air.

‘My congratulations to Mayor Ben McAdams and the County Council for recognizing that electric vehicles are now practical and friendly to our delicate air. I am sure the county parking lots will soon be filled with electric vehicles,” said Wilson.

Cody Stewart, Utah Governor Gary Herbert’s energy advisor said, “Diversifying our transportation options here on the Wasatch Front and throughout Utah will be essential as we strive to advance our clean air goals, and electric vehicles will play an important role. I’m pleased that our Governor’s Office of Energy Development has been able to partner with the County and UCAIR to make this exciting project happen.”

McAdams noted that since electric vehicles (EVs) emit no tailpipe pollutants, they cut down on the small particulate emissions that elevate health risks when trapped in valley air during winter inversions. The Utah Department of Environmental Quality says that vehicles contribute 57 percent of PM2.5 pollution. Besides the air quality benefit, McAdams said that driving an EV is likely to save over $1,000 annually in typical energy costs.

The partners say that additional electric-charging stations will be installed by Salt Lake City in the coming weeks, adding more re-charging options for EV drivers.

McAdams says the cost of using the county’s charging station will be a $2.00 flat fee and 20 cents per kilowatt (kw) plus tax. Experts say that’s about $5 to charge the battery to about 65 percent.

Park City, Deer Valley 2013 Home Market Stats Look Good

Joel Carsonby Joel Carson
President/Principal Broker
Utah Real Estate
SLBR 2012 ‘Salesperson of the Year’

Home sales in the Park City and Deer Valley areas increased 18.44 percent in 2013 compared to the number of homes sold in 2012. We’re seeing these kinds of numbers all over the state and it’s great to see just how much things are looking up.

A report from the Wasatch Front Regional Multiple Listing Service (WF-MLS) notes a total of 282 homes were sold in 2012. That’s when we saw a mind-blowing 35.58 percent increase in home sales over 2011 when only 208 Park City homes and Deer Valley homes sold. The growth slowed somewhat from 2012 to 2013 when 334 homes sold throughout the year. Slow, steady growth is more desirable than false housing bubbles that confuse the market, so I’m encouraged by what I see.

Park City home sales stats 2013

Those of us in the real estate industry often look at “current days on market” (CDOM) for housing market health indications. Granted, no single statistic will tell us how the local housing market is fairing; but, when you look at the big picture including how fast homes are selling, how many homes sell, the price at which they sell, and new inventory, it’s easy to get a good feel for the current situation.Park City, Deer Valley Homes Sold Faster in 2013

We saw the market begin its recovery in 2011 when the median CDOM was 127 days. That’s a long time to wait for a home to sell and it has a tendency to make people nervous. In 2012 that number decreased by 14.17 percent to 109 days. In 2013 the median CDOM was just 87 – that’s 20.18 percent faster than in 2012.

Buyer Beware, Prices Rising

In 2011 the median home price in the Park City/Deer Valley area was $462,500. Now, that’s obviously higher than the state median home price; remember, we’re talking about world-class resorts here where high-dollar homes are in good supply. Believe it or not, that price was disconcerting to some homeowners. In 2012 the median home sold price increased 8.7 percent to $502,750. We all said, “That’s better.” In 2013 the median home sold price climbed to $590,000 (a 17.35 percent increase). For the time being, it’s nowhere but up from here. Prices in the area can still be considered bargains; and, interest rates are still very appealing. The bottom line? It’s time to buy. Please note in the stats chart that the median asking price for homes was $725,000.

Inventory Holding Steady

Park City’s home inventory, and Deer Valley’s inventory is holding steady. New listings were up slightly in 2013 compared to 2012 (.74 percent higher). In 2013 a total of 544 new listings came on the market at a median asking price of $725,000.  Of the new listings added in 2013, 61.40 percent sold.

In 2012, homeowners listed 540 homes on the WF-MLS. The median asking price was $675,000 and 52.22 percent of those sold.

In 2011, WF-MLS added 626 new listings at a median asking price of $685,000. Yes, the asking price was higher than what we saw the following year; but then, only 33.23 percent of those listings sold.

The inventory in these areas of Summit County is looking good and we’re seeing the market come back into balance.

If you are in the market for a Park City home for sale or a Deer Valley home for sale, please visit www.allparkcityhomes.com today. If I can help you find that vacation home, an executive home for sale or the perfect family home, call me at 801-673-3333. I’m here to make sure you find the right Utah real estate for you.

Utah Housing Market Finishes 2013 Strong

Joel Carson

by Joel Carson
President/Principal Broker
Utah Real Estate

Utah’s housing market showed a 10.19 percent increase in sales and a 12.64 percent increase in the median sold price in 2013 compared to 2012. This upward trend seems to be continuing as our economy grows stronger every day.

2014 Utah housing market statisticsThe real estate industry has seen significant grown since 2011 when a total of 27,920 homes were reported sold for a median price of $174,900. Are you with me? Fast forward to 2012; that year home sales increased a whopping 14.77 percent over the previous year with a median price of $182,000 (a 4.06 percent increase). In 2013 a total of 35,307 Utah homes were purchased for a median price of $205,000.

Not only did more homes sell for more money, they are consistently selling faster. In 2011 a homeowner could expect his or her listing to remain on the market for a median 83 days. In 2012 that number decreased to 51 (that’s 38.55 percent faster than the year before). Last year? The market continued to do an about-face and homes remain on the market a median of only 33 days. Wow.

Steady growth can have a positive impact on Utah’s economy. What we don’t want to see is another housing bubble doomed to burst and leave carnage all around it. We’ve been there and done that, right? New lending standards will help and we are finally reaching a new normal (or is it the old normal to which we are returning?).

Utah’s home inventory seems to be holding out. In 2011 a total of 51,555 new listings were added to the Wasatch Front Regional Multiple Listing Service (WFR-MLS). Of those a median 54.16 percent actually sold. The median asking price was $189,800.

Some people held their breath in 2012 when new listings decreased by 5.54 percent to 48,698. Others were encouraged to see the median asking price climb to $199,900 (a 5.32 percent increase). A median 65.8 percent of those homes listed sold. That was 21.5 percent more than 2011.

In 2013 a total of 55,462 Utah homes were listed at a median asking price of $220,000 (10.06 percent more than in 2012). Of those homes listed, 63.66 percent sold. That percentage was down 3.25 percent from the previous year, but I don’t know anyone who is complaining.

Here’s to hoping 2014 is a banner year for Utah’s economy. A Salt Lake Tribune article published Jan. 6 online by Vince Horiuchi boasts, “Utah 2014 economy looks rosy with jobs, real estate growth … all indicators point to a healthy job market and real estate growth in the new year.”

Horiuchi highlights hope for the unemployment rate to drop, for home values to continue to rise, and general improvement in consumer attitudes. All in all, it’s a great way to start a new year!

If you’re ready to purchase your new Utah home for sale, take time to visit www.allutahhomes.com where you will find a great inventory. Call me at 801-673-3333 for professional, experienced assistance in purchasing your Utah property.

Health Care, Rising Rates Impact American Real Estate

Editor’s note: The following is a press release originally published by the National Association of Realtors at Realtor.org.

Graphic of words that say interest rates.SAN FRANCISCO (November 8, 2013) – Rising interest and capitalization rates top the list of issues that have future implications for real estate. That’s according to an industry expert at the “Top 10 Issues Affecting Real Estate” session at the 2013 REALTORS® Conference and Expo.

Scott Muldavin, industry veteran and president of The Muldavin Company Inc., a consulting firm in San Rafael, Calif., that serves the real estate industry, shared his insights into top issues that could potentially impact homeowners, real estate markets and the industry in the coming years.

He said the top issue affecting real estate is that historically low interest rates have driven the economy and real estate markets in recent years, but as rates start to rise, it could raise capitalization rates, the ratio between the income produced by an asset and its cost, which could create anxiety about investing in real estate. “Interest rates are going to rise significantly, so my advice is to be careful about your investments today and lock in those low rates if you can,” said Muldavin.

He said that healthcare is also an important issue that has implications for real estate. As the population ages, there will be greater demand for senior housing, requiring a change in the configuration and size of available housing, and for greater medical care, resulting in an expansion in medical facilities.

Muldavin said there’s been a capital market resurgence, which is good news for residential and commercial real estate. In commercial markets, transaction volume is up, credit is available, underwriting has loosened and a full range of debt options is back. For residential markets, underwriting remains tougher but rates are near historic lows and affordability remains high.

Future housing demand from echo boomers, the 80 million Americans born between 1982 and 1995, will also impact real estate markets, he said. “We are the only developed country that has had an echo boom and that’s a positive thing if the country can react and respond to it,” said Muldavin.

Echo boomers often prefer a more flexible and active urban lifestyle, they rely heavily on mass transit, and are often willing to trade home size for location. However, Muldavin said that the suburbs are fighting back with better mass transit, new bike paths, and repurposed properties to attract more future buyers.

Close up of medical professionalClimate change and more extreme weather patterns will also continue to have a strong impact on coastal homes and many other properties across the country. Muldavin cited the impact of recent storms like Hurricanes Katrina and Sandy, and how property owners in these markets are now dealing with changes in code and zoning standards and paying significantly higher insurance premiums.

Like weather and geologic events, major global events can also impact real estate markets, such as acts of terrorism, war, global debt crisis and financial and economic downturns, he said. “The risk of future events is high, and while it’s always hard to anticipate these risks, they need to be considered because their impact is often great,” said Muldavin.

Increased natural gas and oil production in the U.S., which has an impact on the economy and environment, is another issue with implications for real estate. He said there’s been an increase in fracking and oil and natural gas production in recent years, and while this is creating greater employment opportunities and reducing U.S. dependence on foreign oil, it’s also contributing to climate change, environmental degradation and contamination.

Muldavin also cited globalization, foreign investment and the economies of other countries as variables that will continue to have a greater impact on the U.S. economy and real estate market.

Another issue is how technology will continue to impact office spaces. Muldavin said many corporations are employing work-from-home policies and other mobility solutions that are allowing individuals to work when and where they want, significantly reducing office space requirements.

“Many people are replacing physical items with electronics and free or virtual products, such as e-books and smartphones enabled with cameras, GPS and flashlights. This means businesses will continue to require less retail space, so I believe the trend in the future will be for fewer and smaller stores,” he said.

Muldavin said the impact of the Internet on bricks-and-mortar retail stores is also a growing issue. He said retail demand is down across the country due to an increase in Internet sales, which are expected to rise from the current 6.5 percent to nearly 15 percent by 2020.

Thumbs Up for 2013 Third Quarter Home Sales Statistics

Professional real estate manby Joel Carson
President/Principal Broker
Utah Real Estate
SLBR 2012 ‘Salesperson of the Year’

Table showing 2013 Third Quarter Sales

Utah home sales showed continued improvement during the third quarter of 2013 when compared to the same period of time in the three years prior. Sales increased by 10.05 percent and the median sold price jumped 12.99 percent, according to the Wasatch Front Regional Multiple Listing Service.  Inventory increased in the third quarter and homes sold 30.95 percent faster.

Utah Home Sales Steadily Increase

Compared to the 9,874 Utah homes sold in the third quarter this year, 2010 sales look bleak—only 5,935 homes sold in the third quarter that year. In 2011 sales increased 28.59 percent to 7,632. Sales in 2012 increased 17.56 percent over the previous year (8,972). This year’s sales demonstrate a steady long-term increase with a 10.05 hike over 2012.

Median Home Prices Continue to Climb in Beehive State

In the third quarter of 2010 the median home price was $195,000. That price dipped by 10.77 percent in 2011 when the median home price was $174,000. By 2012 Utahans had begun to see a slight increase in the median home price; it was up 6.9 percent over the previous year at $186,000. This year the third quarter median home price is 12.99 percent higher than it was in 2012 at $210,153. This is an encouraging sign of improvement in the housing market here overall.

Utah Homes for Sale are Selling Faster

In the third quarter of 2010 home sales were dragging. The current days on market (CDOM) was 77. Homes started to move a little faster in 2011 when the CDOM dropped 3.9 percent to 74. In 2012 Utah home sellers saw a 43.24 percent improvement when the CDOM dropped to 42. This year? The CDOM is at the lowest it’s been in years at 29. It could be home buyers are recognizing the likelihood that interest rates will go up as the jobless rate goes down. Some are worried about low inventory; although new listings are up 23.95 percent this year over last year’s third quarter. Others want to take advantage of low prices while they last.

Inventory Holding Steady

Home sellers must be feeling better about the housing market as more and more homes are being added to the statewide inventory; more homes were listed during the third quarter this year than were listed for the previous three years.

In 2010 a total of 1,5040 homes were listed in the third quarter with a median asking price of $194,900. Of those new listings, 39.46 percent sold.

In 2011 new listings dropped by 14.29 percent. A total of only 12,891 homes were listed with an even lower asking price (2.57 percent lower) of $189,900; 59.20 percent of those listings sold.

By 2012 the inventory situation was starting to look a little bleak. New listings dropped further in the third quarter (-1.42 percent). The median asking price was higher than the year before (5.32 percent) and a whopping 70.60 percent of the third quarter new listings sold. This year, listings were up 23.95 percent higher than those in the previous year; 15,752 homes were listed with a median asking price of $227,900; 62.68 percent of the new listings sold during the third quarter this year.

The bottom line? We’re seeing more homes sell for more money at higher prices than they have since 2010. These are all healthy indicators.

It remains to be seen what kind of impact the government shut down will have on fourth quarter sales. I’ll be here watching and will report information to you as it becomes available.

If you’re ready to buy a new home in Utah, call me today at 801-673-3333. Feel free to browse our fully searchable inventory at www.allutahhomes.com any time, 24/7.

Hearing Hints of Settlement Talks between Park City Resort, Talisker Land Holdings

professional real estate man

by Joel Carson
President/Principal Broker
Utah Real Estate
SLBR 2012 ‘Salesperson of the Year’

Person skiing down a hill with the sun shiningIt sounds like Park City Mountain Resort (PCMR) and Talisker Land Holdings, LLC have come together to at least talk about the high-profile lawsuit that has had the two companies (as well as their parent companies and associates) entangled in battle for at least 17 months, according to a Sept. 27 Park Record article by journalist Jay Hamburger.

Just a brief recap for those of you who are new to the frustrating situation brewing in and around our state’s world-class ski resort: PCMR, owned by Powdr Corp. occupies property in Summit County, Utah currently owned by Talisker. PCMR has leased the property for decades and has invested millions of dollars in improvements to better the resort. Talisker claims PCMR missed its deadline to renew the long-standing lease. PCMR claims the intention to renew the lease was clearly expressed. When lease negotiations broke down, Talisker turned to Vail Resorts. Vail operates nearby Canyons Resort. The Park City resort operator claims Talisker wronged PCMR by negotiating with Vail on the lease of property just below the Park City resort. It appears Vail is poised to take over the Park City Resort in the event PCMR is ousted.

According to the Park Record, 3rd District Court Judge Ryan Harris participated in a telephone conference with representatives of Talisker and PCMR on Sept. 26 during which hints of confidential settlement negotiations were made repeatedly. This comes after PCMR won two major legal battles including the right to keep private important client/attorney emails exchanged between the company and its attorneys at the time the lease was due for signing.

PCMR was also recently granted the privilege to revamp a lawsuit filed against Talisker with new charges that the land owner negotiated with Vail and ignored PCMR’s first right of refusal. The recast lawsuit came in under seal. Hamburger wrote, “A second version of the 23-page lawsuit was filed shortly after the conference with approximately three pages blacked out, or redacted. The sides did not object to the release of the second version with the approximately three pages kept private. The original version is the official document, though. The redacted pages involve 17 sentences or short paragraphs.” In late 2012, Harris dismissed parts of the case, and his recent decision allowing PCMR to expand the case was a major victory for the resort, Hamburger said.

Talks of a settlement come as a little bit of a surprise. The battle has been heated and bitter.

The new lawsuit reportedly added new parties as defendants United Park City Mines Company and Talisker were both named in the original case which now includes new defendants:

  • VR CPC Holdings, Inc.
  • Flera, LLC
  • Talisker Canyons Leasco, LLC
  • Talisker Canyons Finance Co, LLC
  • 10 unnamed corporations

If you’ve been following this case, I think you’ll agree the new developments are fascinating. There a lot riding on the end result for the star-studded community and obviously for all the corporate players ready to tangle over what has become an incredibly valuable property with a golden reputation.

Park City condos, Park City vacation homes, cabins and Park City executive homes remain among some of the most sought-after properties on the Utah market today. Please browse the many available properties at www.allparkcityhomes.com

Salt Lake City Home to Great Entertainment

Joel Carson

Joel Carson

by Joel Carson
President/Principal Broker
Utah Real Estate
SLBR 2012 ‘Salesperson of the Year’

Capitol Theatre

Photo by Donna M. Brown/Your Content Queen

 

Salt Lake City is home to some amazing entertainment venues. Whether you’re into music, art, theater, education or sports, you will find the finest quality events along the Wasatch Front.

If you’re shopping for Salt Lake City homes for sale, take time to get familiar with the event venues surrounding the neighborhoods in which you want to buy. No matter where you are in the Salt Lake and Utah valleys, you’re not far from a world-class venue.

Today I’d like to tell you about three such venues owned and operated by the Center for the Arts, a division of Salt Lake County. The three venues are:

  • Abravanel Hall
  • Capitol Theatre
  • Rose Wagner Performing Arts Center

Abravanel Hall
123 West South Temple
Salt Lake City, Utah
(801) 323-6800
Website: slccfa.org

Located in the heart of Salt Lake County, Abravanel Hall is known for brilliant acoustics, a grand lobby and a spectacular view of the sprawling city below it (among many other things). This is the Salt Lake City home of the Utah Symphony.

If you are looking for a classic experience in cultural enrichment, Abravanel Hall is definitely the place to be. Owned by the Salt Lake County Center for the Arts, this beautiful location features concerts, lectures and films. It has a seating capacity of 2,768 and is only 15 minutes from the Salt Lake International Airport.

Capitol Theater
50 West 200 South
Salt Lake City, Utah
801-323-6800
Website: slccfa.org

The Capital Theatre is undergoing a renovation and is expected to reopen in December. I assure you, it will be worth the wait. This theatre is an historic landmark in Salt Lake City. It was built in 1913 and is an integral piece of our downtown history. Its rare architectural elegance makes it the perfect Salt Lake City home for Ballet West, the Utah Opera, the Children’s Dance Theatre, and Broadway Across America – Utah.

With a seating capacity of 1,876, this richly decorated building hosts concerts, dance, plays, lectures and films. It is also located just 15 minutes from the Salt Lake International Airport and is easily accessed via I-15.

Rose Wagner Performing Arts Center
138 W. Broadway (300 South)
Salt Lake City, Utah, 84101

The Rose Wagner Performing Arts Center is a versatile performance venue. It features three theaters, permanent art installations, and a rotating art gallery.

Salt Lake County is particularly proud of this venue which includes the Jeanne Wagner Theater (Je-Nay), the Leona Wagner Black Box Theater, and the Studio Theater.

This center, conceived by the Performing Arts Coalition, came to fruition due to a need for rehearsal space for tenants at the Capitol Theatre. The Coalition also recognized a need for affordable space to meet the growing demands of multiple performing arts companies.

The performances in these grand Salt Lake City theatres will delight you, but the venues themselves are worth a visit!

For a schedule of upcoming performances, or to purchase tickets visit www.arttix.org.

People shopping for Salt Lake City homes for sale often appreciate the culturally-rich city and all its finest artists have to offer. If you’re shopping for a home, please take time to visit our website at www.allutahhomes.com where you can browse detailed listings with maps and photographs 24/7.

Lindon Mansion Listed for Sale Today

Step Inside for a Rare Peek at this Grand ‘Castle’ in Lindon, Utah

MLS: 1187606

PRICE: $4,900,000

LISTED: Sept. 7, 2013

This breathtaking mansion at 65 S Denali Cirle, Lindon UT 84042 is fit for royalty. If location is everything, this castle-like private residence has got it all! The entire Utah Valley sprawls around it. Lakes and mountains are in perfect view.

This Lindon luxury home for sale is so luxurious and comfortable, you’ll hate to leave it for a vacation! This property is listed by Prudential Utah Elite Real Estate. Serious buyers can schedule a private tour with Joel Carson by calling 801-673-3333.

Go ahead and dream as you let your mind wander through the rich, luxurious rooms of this 12,192 square-foot paradise. Imagine the sun glistening through the artist-quality stain glass windows. Entertain friends and family in the gourmet kitchen. Retire to the master suite with his’ and her’s closets. A winding staircase offers a sweep of glamour. The elevator is perfectly practical.

This mansion features five bedrooms and six bathrooms. Built in 2005, this amazing property is located on a 3.95-acre slice of heaven.

You will be inspired by the artistic sculptures, dazzled by luxurious detail and delighted by a poche veranda warmed by a lovely fireplace in the cooler months.

Call Joel Carson today at 801-673-3333 for more details on this spectacular property. Find more details online at AllUtahHomes.com today.

Castle-looking home located in Lindon, UtahPhoto courtesy Prudential Utah Elite Real Estate. Sculpture in front of Lindon Utah home for salePhoto courtesy Prudential Utah Elite Real Estate.
Beautiful yard with creek running through flowersPhoto courtesy Prudential Utah Elite Real Estate. Front entrance of fancy Lindon, Utah homePhoto courtesy Prudential Utah Elite Real Estate.
Lindon, Utah entry wayPhoto courtesy Prudential Utah Elite Real Estate. Stained-glass windows in Lindon homePhoto courtesy Prudential Utah Elite Real Estate.
Cozy fireplace inside Lindon home for salePhoto courtesy Prudential Utah Elite Real Estate. Highly decorated bathroom with oval tubPhoto courtesy Prudential Utah Elite Real Estate.
Luxury room in Lindon, Utah homePhoto courtesy Prudential Utah Elite Real Estate. Lion decor in Lindon homePhoto courtesy Prudential Utah Elite Real Estate.
Designer sink with flowersPhoto courtesy Prudential Utah Elite Real Estate. Closeup of Designer sinkPhoto courtesy Prudential Utah Elite Real Estate.
Garden-type sink area with lionPhoto courtesy Prudential Utah Elite Real Estate. Rich dining area and open kitchenPhoto courtesy Prudential Utah Elite Real Estate.
Kitchen with island and lovely countertopsPhoto courtesy Prudential Utah Elite Real Estate. Living area with fireplace and ceiling to floor windowsPhoto courtesy Prudential Utah Elite Real Estate.
Very detailed fireplace with holiday decorations and a painting over the hearth.Photo courtesy Prudential Utah Elite Real Estate. Built-in Bar with artist-quality stained glassPhoto courtesy Prudential Utah Elite Real Estate.
Game room with game tables in a poche settingPhoto courtesy Prudential Utah Elite Real Estate. Winding staircase with decorative wrought ironPhoto courtesy Prudential Utah Elite Real Estate.
Theater with red draperies over movie screenPhoto courtesy Prudential Utah Elite Real Estate. Large opened bedroom with a wall of windows and a beautiful viewPhoto courtesy Prudential Utah Elite Real Estate.
Patio fireplacePhoto courtesy Prudential Utah Elite Real Estate. Fabulous columns shaping Lindon home verandaPhoto courtesy Prudential Utah Elite Real Estate.

Judge Favors Park City Mountain Resort Operator in Latest Ruling

Professional Salt Lake real estate manby Joel Carson
President/Principal Broker
Utah Real Estate
SLBR 2012 ‘Salesperson of the Year’

judge

In the continuing saga of Powdr (Park City Mountain Resort) vs. Talisker (Vail Resorts), the current world-class resort manager won the last battle round, but the war is far from over. Third District Court Judge Ryan Harris ruled PCMR is not required to turn over a series of emails Talisker attorneys were sure would implicate officials of conspiring to commit fraud.

Talisker sought 21 emails exchanged between PCMR administrators and attorneys in 2011. PCMR had reportedly failed to send a signed lease by the due date. Resort officials are accused of backdating documents to cover up the mistake. On Sept. 5, Harris ordered PCMR to turn the emails over to him so he could determine whether or not the messages indicated intent to commit a crime. Harris ruled the emails fall under attorney/client privilege. He said there is no indication the emails sought legal advice on intentional deception; therefore they are not exempt from laws that protect attorney/client communications.

In a bitter battle for prime mountain property Talisker has demanded PCMR, a tenant, vacate property the resort operator has leased for decades. The deadline for vacating has passed and the resort is still marketing the 2013-2014 ski season as if the show will go on uninterrupted.

PCMR’s lease has remained the same since about 1971. Resort operators have reportedly paid $155,000 per year to occupy 27,000 acres. Last spring, the resort sued Talisker Corporation when the original deadline was missed and ensuing lease negotiations broke down. Talisker has demanded PCMR enter into new terms on its lease instead of perpetuating its existing lease. The land owners want more money (and believe they can get it). Vail recently reached an agreement with Wolf Mountain Resorts to lease about 4,000 acres (Canyons Resort) for $3 million a year.

I’ll continue to monitor the situation and do my best to keep you posted on events as they unfold.

Park City is a world-class resort. Regardless of the outcome here, this is a stunningly beautiful location to own a home, condominium or townhouse. If you’re thinking of buying Park City real estate, don’t hesitate. Browse WF-MLS listings today at www.allparkcityhomes.com.

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