Archive for November, 2010

Summit Land Conservancy

Saturday, November 20th, 2010

             How does Park City maintain the mountain feel and charm that drew many of us to make Park City home or consider buying Park City Real Estate? The Summit Land Conservancy is one of the organizations entrusted to making this happen. Land conservancy is no small task when you consider that the land preserved must serve many purposes including protecting the historic agricultural flavor, providing recreation, protecting wetland and animal habitat and maintaining the “Big Sky” views we all expect to wake up to every day.

Summit Land Conservancy            Based in Park City, the Summit Land Conservancy’s mission is to permanently preserve large parcels of land in Summit County, Utah. It does this in partnership with private land owners. The Conservancy holds conservation easements on over 2,300 acres in Summit County and continues to add easements that will create a “permanent legacy of open space for future generations”.

            McPolin Farm is the most recognizable property in the Conservancy’s portfolio. The large white barn is hard to miss when you are driving in to town. It sits on 120 acres which is home to a wide variety of wildlife from birds on large game.  You will also notice hikers, cross country skiers, people walking dogs and nature tours. If you live in Aspen Springs Ranch or in Iron Canyon you are fortunate to have a view of this preserved land every day. With McPolin Farm the conservancy has preserved Park City history, a sense of entry to our community and has ensured present and future recreational use for locals and visitors alike.

                Empire Canyon is probably better known to visitors for its skiing and ski in/ski out homes and condos such as Flagstaff, Arrowleaf and the latest addition, the Montage. What many may not know is that there is a 1080 acre conservation easement in place that ensures areas like the Lady Morgan Springs marsh habitat will be protected as a breeding ground for Elk and other wild life. Alpine skiing, hiking, mountain biking, snow shoeing are other approved activities in this easement.

            Round Valley is lesser known to visitors but is a prized by locals for its extensive trail system. With trail heads conveniently located in the Old Ranch Road and Park Meadows neighborhoods it is easily accessible. It is no wonder it is often called the “Central Park” of Park City. Winter or summer you will see people and wildlife taking full advantage of this open space for biking, skiing or just walking the dog. This area is currently 694 acres with more to be added soon. 

            One of my favorite additions will be Iron Mountain. Iron Mountain boarders the Colony  nestled inside the boundaries of the Canyons Ski Area. The 600 acres in the proposed easement will create 900 acres of open space protecting both wild life and the entry corridor into Park City. It will also provide habitat protection to moose, elk, deer, and many of Park City’s wilder native residents.

            Much more is currently in the works. By the end of 2010 or in early 2011 the Summit Land Conservancy plans to add another 2000 acres of perpetually protected open space.

Click for more information on the Summit Land Conservancy.

For more information on Park City and Park City Real Estate visit http://www.youinparkcity.com/.

Escala Lodges to be Managed by Hyatt

Sunday, November 14th, 2010

             The Escala Lodges at Canyons Resort in Park City, Utah is set to become the newest Hyatt ski property.

            Hyatt hotels, which manage ski properties in Beaver Creek, Co, Breckinridge, Co and the Lake Tahoe, CA areas will take over management of the Escala Lodges the week of Thanksgiving.

Escala Lodges at Canyons Resort Park City, UT

            With Canyons set to open for the 2010-2011 ski and snowboard season on Friday Nov. 26th, Hyatt joins the Waldorf Astoria, St. Regis, and Montage hotels as big name luxury brands in Park City, UT.

            While the Escala Lodge development is only 2 years old, the Hyatt has plans for renovations to meeting spaces and the completion of the restaurant and bar amenities at the condominium-hotel. Escala is located at Canyons main base area and is considered ski-in/ski-out via the Sunrise lift.

            Since completion, sales of the 85 condominiums which can be configured into 178 rooms have been slow. Only 30 individual units have been sold with most of those going to contract well before the project completion. Current offerings real estate at The Hyatt Escala Lodges range from one bedroom 680 square foot models at $550,000 to 2800 square foot 4 bedroom 5 bath models offered in the $2 million range.

            Sales of condominium-hotel developments in Park City have been tough since the change in the economy and products like these that have not adjusted prices are finding buyers to be increasingly scarce. The change to the Hyatt management may help future rental revenue, in turn making realty purchases at Escala a better investment.

            As with all Park City Real Estate opportunities, the YouInParkCity.com Group of Keller Williams Park City Real Estate encourages you to buy for the lifestyle that Park City has to offer. Consider Escala Lodges in terms of its slope-side location within a destination resort (Canyons, Park City) whose owners (Talisker) are spending over $50 million in upgrades this year coupled with the name recognition and service standards associated with the Hyatt name.

            For more information and assistance in purchasing real estate in Park City, UT contact a realty professional with YouInParkCity.com.

Voters Support Open Space, Recreation, Arts & Parks

Friday, November 5th, 2010

 Park City and Summit County registered voters opt for taxes and bonds.
            The November 2, 2010 election in Summit County, Utah drew a large number of voters for a non-presidential election year. Nearly 50% of the registered voters in Summit County (home of Park City) cast ballots in this year’s election.

         Two big initiatives on the ballot this year were the extension of the Recreation, Arts & Parks tax (RAP tax) and the Snyderville Basin Open Space and Trails Bond (Proposition 2). With the current economic situation the nation faces, it appeared as if initiatives that cost voters money would face strong opposition from voters. On the contrary both measures passed with overwhelming support.

Park City Election            The RAP tax which adds a one tenth of one percent tax on purchases made in Summit County received a positive voter endorsement of nearly 67%; keeping the tax for another 10 years. In the past 10 years the tax has generated more than $7 million which has gone to fund art, cultural and recreational activities in Park City and Summit County. Over half of the revenues generated by the tax have gone to support non-profit groups providing cultural activities such as the Egyptian Theatre, Park City Performing Arts Foundation, Kimball Art Center, Mountain Town Stages, Swaner EcoCenter and Utah Symphony and Opera with the remainder going to publicly owned recreational facilities like the Basin Recreation Fieldhouse, Park City Ice Arena and Oakley Recreation Complex.

            Proposition 2 which asked voters to approve a general obligation bond of $20 million to go toward the acquisition of open space and non-motorized trails in the Snyderville Basin. The cost of the bond was estimated at $10.51 in property tax per year for each $100,000 of assessed value (about $70 per year for the next 20 years for the average home in the Snyderville Basin area of Park City, UT). Of the $20 million, $12 million is to be used for open space acquisition, and $8 million is to go to trails.

            The passing of both of these ballot initiatives in the current economic climate points toward the commitment of Park City and Summit County, Utah’s voters and residents to the lifestyle and values that make this a special place to live. For assistance in making Summit County and Park City your home, or home away from home, contact a real estate professional with the YouInParkCity.com Group at Keller Williams Park City Real Estate (888) 968-4672.

More things that add to Real Estate Value in Park City, Utah:

Wednesday, November 3rd, 2010

ParkCityGreen.org

Park City Green

            ParkCityGreen.org is a community resource run by Park City Municipal and the Park City Foundation; a grant from the John S. and James L. Knight foundation helped make it possible. The idea is to help residents understand how they can (and do) affect the earth through their carbon footprint, water usage and waste production.

            The website has calculators for your home and business which allow you to measure your carbon footprint, water consumption, and waste production. It then offers tips and options to help reduce and recycle. The program will compute costs and give you ways to save as well as ways to produce less waste. The program’s “what if calculator” allows you to set goals for yourself, family and business.

            Other great parts of the program include “My Sustainable Year” which is a weekly challenge to make a change in your life toward less impact on the environment. Challenges range from eating food produced locally, to walking or riding the bus versus driving your car; avoiding peak energy usage hours, trying to use less hot water, turning out the lights. It is amazing when you monitor what you do, how much you realize you might be wasting. The My Sustainable Year Challenge can be found on the ParkCityGreen.org website and heard on Park City’s local radio station KPCW at the beginning of each week. As well as during the “This Green Earth” weekly radio show.

            There are great reference tools to help you learn about how you can make a difference as well as kid specific portion of the website. We encourage you to take a look at all of the information this Park City community resource provides. No matter what your personal belief toward global warming may be, this Park City resource gives you ways to easily do what you know is right in terms of doing your part to protect the limited resources our world has.

            ParkCityGreen.org is another of the many intangibles that add value to Park City Real Estate and make the Park City, Utah area a great place to live. For more information on making Park City your home, contact a realty professional with the YouInParkCity.com Group.