What will become of Suncrest? - The Death of a Development

The Deseret News has reported that "Owners of the SunCrest development have defaulted on $58 million in development loans, and residents there are worried the developer could try to sell its remaining assets and leave the state."

Owners fear that amenities that the developers promised would be built (clubhouse, etc.) will never be built.

The promised clubhouse (from the suncrest.com website):

How would you feel if you had bought into such a development as many as 5 years ago, constantly being told the improvements were "just around the corner" and now hearing news like this?

Can anything be done to save the community?

Read the news article here: http://deseretnews.com/article/1,5143,695259163,00.html

If you are thinking about buying a home in the Salt Lake area, make sure you get an agent on YOUR side.

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