PARK CITY IS THE PLACE FOR MOUNTAIN GOLF
~ Promontory named #3 best new course for 2008 by Golf Digest~
PARK CITY, UTAH, Dec. 3, 2008 – Park City has made a name for itself as a place for some of the best skiing in the country. But locals know that there’s more than just marketing-speak in the “come for the winter, stay for the summer” adage they all use. In addition to the wonderful hiking, biking and incredible scenery, Park City is now gaining national notoriety for some of the finest golf experiences in the country, led by Promontory, the family-friendly, luxury mountain community overlooking historic Park City. In its January 2009 issue, Golf Digest named Promontory’s Jack Nicklaus Signature Course as the #3 Best New Private Course in the country.
Golf Digest, the leading publication in the golf industry, conducts their annual survey of America’s Best New courses with a panel of over 900 golfers who considered nominees that had opened between May 1, 2007 and April 30, 2008. Panelists rate courses on their shot values, design variety, resistance to scoring, memorability and aesthetics.
Promontory was accompanied in the top three by a Tom Fazio course at Gozzer Ranch in Idaho (#1) and a Tom Weiskopf course at The Club at Spanish Peaks in Montana (#2). Promontory’s course is known as the Painted Valley course for its sweeping layout through the glens in the center of the Promontory property and with stunning views of Deer Valley ski resort and the Uinta mountain range. True to “mountain golf” style, the Painted Valley course is the longest of the courses on the Best New Private list at 8,136 yards and is considered a supreme test of golf, but it is enjoyed for its natural, unspoiled beauty and breathtaking vistas by all calibers of golfers.
Promontory’s membership also reflects the level of golf appreciation in Park City. Mike Weir, the #4 player on the PGA tour, and Butch Harmon, coach to Phil Mickelson and Ernie Els, are both members at Promontory. Weir practices and plays regularly on the award-winning Painted Valley course. Harmon’s article on how to hit more fairways is also a cover story in the January 2009 Golf Digest issue.
With the Nicklaus course, a signature Pete Dye course and more courses in the works, Promontory is the place where legendary skiing meets world-class golf. Travel + Leisure Golf ranked Promontory the #6 Golf Community in the U.S. for 2008. The Golf Digest ranking merely underscores what Parkites have long known: the mountains aren’t just for skiing anymore!
With the Prop 8 Madness still a talking point in the minds of many Americans…I can’t help but feel a need to write about a side issue that is really bothering me on a logical and emotional level
Lately in the news there’s been a lot of talk about members of the film-making community calling for a boycott of the Sundance Film Festivalthis year. As many readers may already know, the Sundance Festival is named for a town in Utah near Park City. It was started by Robert Redford as a way for independent film makers to showcase their work and learn from each other. As the festival grew over the years it’s needs for size and space outgrew the little town of Sundance that Mr. Redford had built. Soon Park City became “the-place” for movie premieres and events related to the two week festival.
The Sundance Film Festival has become a huge income producer and tourist draw for the town of Park City and it’s residents. Park City is a resort town which relies on it’s beloved tourists and visitors who come to ski our perfect slopes and party the snowy winter nights away at Harry O’sduring Sundance. Our little town swells during ski season and most especially during those two weeks of Sundance with tons of visitors who come here and spend the money our local business owners live off of during the slower months of the year.
Park City and Sundance are like peas in a pod…they go very well together. Many of the reasons the town of Park City and the Sundance Festival go so well together are based on the fact that Park City is the most liberal and diverse town in the state of Utah. Parkites are generally people who moved here from somewhere else, usually somewhere like California or New York or Chicago or even the Southern States or places as far away as New Zealand or South America. Park City residents tend to vote for Democrats much more often then other areas of the state. If you ask residents of Utah’s larger cities such as Salt Lake City, Provo or Orem they will tell you that Park City is a “the Hong Kong of Utah”. Park City is in a bubble. We’re a little microcosm unto ourselves where people of many religions, sexual orientations and varied outlooks can live together in the shadow of the mountains we all came to live near. We are all happy together in our little slice of heaven and the overall feeling you get from Park City locals is much warmer and more welcoming then most ski resort towns like Aspen or Vail.
The Sundance Film Festival-like Park City- is also a place for unique and creative types to gather. It brings interesting and intellectual individuals to our little hamlet up in the sky. And even though Sundance can be somewhat of a nuisance for the locals because it temporarily increases our population almost to the point of explosion, we still appreciate and value the experience. When all is said and done and the festival ends each year, most Park City residents look back at those two weeks of Sundance and smile at the memories of fun times, celebrity encounters, great music, and amazing, artistic movies. I for one, am grateful to be exposed to such modern and intriguing movies. Living in Park City I get to see the festival films that most people don’t see until more then a year later when it comes to the multi-plexes and theaters across the country. Working on Main Street and being around town during the festival, I’ve been lucky enough to score great tickets on a whim and even had the chance to sit and listen to panels of famous and expert film makers while they discuss their motivations and thoughts behind the art they’ve created.
The Parkites and the Sundance Festival get along pretty well considering the impact that the fesitval participants can have on our peaceful lives…but it’s worth it to us….not only for the income it brings to us all in someway or another, but also for the culture and stimulation.
So - when I hear all this talk of boycotting Sundance as some sort of show of strength against those members of the LDS Church who supported Prop 8 in California…I am baffled
Anyone who boycotts the Sundance Festival because it is located in Park City, Utah…is getting it all wrong! Park City is one of the only places in Utah that supporters of gay marriage can feel very free to express themselves. There are more people against Prop 8 in Park City then anywhere else in the entire state of Utah. By drawing away the income Sundance brings to Park City those boycotting the festival are actually starving their own supporters.
It’s a presumptuous and unintelligent call to action to ask those involved in the film industry to stay away from a great event that supports independent films and independent thinking in a state where independence isn’t the most common agenda. I can easily understand the negative feelings being harbored towards the LDS Church by some people in the gay community and/or those who are adamantly against the passing of Prop 8. I can see why the huge donations that the Mormon Church made to get Prop 8 passed would anger those who are seeking equal rights. But if those gay marriage supporters and seekers of equality for all would stop and think for one second, they would realize that their anger is being directed in the wrong place. Hurting the residents of Park City won’t punish any supporters of Prop 8…it won’t hurt the LDS Church in any way. It won’t help to bring equal rights to gay families. It won’t hurt the greater population of Utah.
Boycotting Park City and the Sundance Film Festival will only weaken the those who support equality and independence for everyone in the State of Utah. This proposed boycott would hurt the wrong side of the equation.
Park City’s residents have it hard enough when it comes to liberal thought and policy in the state in which they reside…So let’s all take a minutes to stop and think Two wrongs don’t make a right. Hate + hate does not = equality. Sundance is a time and place for creativity and expression. You can take the Sundance out of Park City but you can’t take the Park City out of Sundance. The essence of the fesitval is found in the mountain setting and the wild west atmosphere that Mr. Redford culitvated so many years ago.
I’m all for equal rights and the idea that all human beings should be allowed the joys and privelages of marriage. Let’s find a way to support the causes that are most important to our culture…but in support of such a great cause it would be a shame to harm the innocent and good people of Park City to teach the rest of the state a lesson…
Okay folks, this week looks like it could be key in the Promontory bankruptcy hearings. Today was the deadline for objections to Promontory's Disclosure Statement, and on Thursday and Friday the Court will determine the adequacy of the Disclosure Statement.
We're back from our turkey induced coma and our little trip to Florida to see Rob's family. Now we know you've been waiting on pins and needles for info on Promontory and a Market Update...so here it is already! ;)
Our market did not have much activity over the Thanksgiving period, but we did see 18 properties come on the market, 2 properties go under contract, and 8 close escrow. The notable ones are:
ACTIVE:
-Old Town lot at $500,000....nice lot that seems like the sellers are motivated
-Deer Valley home in Hidden Meadows at $1.988m; 5bd/5ba, 4355 sq ft, $456psf...not a bad starting point for a Deer Valley home.
-Deer Valley home in Upper Deer Valley at $3.75m; 6bd/7ba, 5445 sq ft, $688psf...seems a little steep, but the access to skiing and views up there are great.
-Promontory lot in Aspen Camp at $390,000....this looks like less than they bought it for!
PRICE CHANGE:
-Deer Crest home down $1.8m to $6.8m; 6bd/9ba, 12527 sq ft, $543psf...not a bad ppsf, and a significant drop.
-Promontory home down $200,000 to $2.77m; 4bd/4ba, 5096 sq ft, $655psf....still on the high side in Promontory.
CLOSED:
-Townhome on Park Ave at $440,000; 2bd/3ba, 1400 sq ft, $314psf....still looks like a good deal for the Seller!
-Escala Lodges unit at $823,500; 2bd/2ba, 1185 sq ft, $694psf.
Don't make me say it!
Don't make me say "I told you so!"
I'm serious...you have no idea how much joy I will garner from doing it ![]()
We've shown our readers some super great SCREAMIN' DEALS in the Park City, Utah area in the past few weeks - we've got more to come but you should know that some of them are still on the market...
There's one in particularthat we are pretty sure won't be sticking around while you twiddle your thumbs
So - if you or anyone you know might be the slightest bit interested in that SCREAMN' DEAL we mentioned in the Bald Eagle neighborhood of Deer Valley...you know the one - it's the property that is sits on one of the TOP FIVE PRIMO LOCATIONS in ALL OF PARK CITY....the one we all know locally as "Falcor" with it's ski-in/ski-out spot on a famous run in the best ski resort in the area...
YEAH - THAT ONE
Well, all we have to say is that it's now or never....and don't come crying to us when you miss out on this AMAZING OPPORTUNITY and then come whining to us that you missed out on an amazing ski home and investment opportunity - whoever gets this one will be gloating all the way to the bank
But don't drag your feet...there's not much time left for this and as soon as it goes you can bet we'll be creating a new category on our site called "I Told You So" where we'll post the Screamin' Deals that you missed out on so you can re-read the posts and throw pity parties for yourself for all eternity
This property is a perfect example of how in these turbulent financial times, those who can afford to buy up properties will gain tremendously from the dropping prices and overflow of inventory
But hey, do what you need to do...we'll be here to say "I TOLD YOU SO" in a couple months ![]()
Regardless...we love all our readers and can't wait to post some juicy info on Promontory and the Park City Real Estate Market in the coming days. We just hope you keep coming back for more and that all that turkey you're going to eat doesn't make you so sleepy you forget to check your favorite site...www.ParkCityWire.com everyday for the latest update!
WOW! There are lots of prices dropping and deals to be had in Park City, Utah right now...it's wonderful that we are still seeing some movement in the market and that buyers are still willing to purchase properties...even in this topsy turvey market...don't believe me? Well just take a look below....
Over the past few days we have seen 29 properties come on the market, 5 go under contract, and 5 close escrow. The notable ones are:
ACTIVE:
-Thaynes Canyon home at $2.95m; 3bd/3ba, 4670 sq ft, $631psf...a truly amazing 3 acre lot in Iron Canyon, but the home is note very desirable.....you are basically buying the land, and it's not really worth $1m/acre.
-Deer Crest home for $3.695m; 5bd/7ba, 6895 sq ft, $535psf....a pretty good deal in the Snow Top neighborhood of Deer Crest.
-Another Deer Crest/Snow Top home at $4.795m; 5bd/7ba, 10153 sq ft, $472psf....well, well - nice ppsf!
-Silver Bird unit in Deer Valley back on the market at $1m; 3bd/4ba, 2368 sq ft, $422psf....amazing views and walk 100 yards to skiing! This town-home is a good deal and the Sellers seem motivated!
-Promontory home for $4.495m; 5bd/8ba, 10759 sq ft, $417psf....nice ppsf, and this home has the best private Sports Bar in Park City in it's lower-level! No seriously...the Seller is a friend and this home has some really super upgrades, especially for those who love to watch all the football games at once...AND there's a cigar room!! AND a theater room!!!! and did I mention the circular bar? Seriously, if you're in the market for a home like this, you need to see this sparkler!
PRICE CHANGE:
-Old Town lot down $300,000 to $799,000...still needs to move down a tad.
-Deer Crest lot down $445,000 to $1.15m...if you can get this for under $1m it could be a steal!
PENDING:
-Empire Pass at Deer Valley unit at $2.499m; 3bd/4ba, 1986 sq ft, $1258psf....still a little activity in Empire during the shoulder season.
-Promontory lot at $450,000....this was another bargain basement deal at Promontory that got scooped up in about a week! These tend to move fast when they get that low in price.
CLOSED:
-Deer Valley home in Solamere for $2.465m; 4bd/5ba, 6500 sq ft, $379psf...they were asking $2.595m, so a 5% off asking...that is about par for the course.
-Tuhaye lot at $450,000...asking $450,000...looks like people are bottom feeding on land!
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