Welcome

This BLOG is focused on updating you on the most significant new sales and listings in the Park City area market on a weekly basis. All content is original. By finding and discussing what makes some properties standout in terms of location, design, and price, I can help buyers spot locations and property types that may meet their needs. I select properties from all members of the Park City Multiple Listing Service that have quality video presentations. These videos are the next best thing to an actual property tour. When you are sure that an actual visit to one or several properties is worth your time, we can make that an enjoyable experience. If you are considering the sale of a property you own, it can pay big dividends to see what comparable properties are selling for vs. what properties you may be competing with are listed for.

I don’t shy away from expressing my opinions concerning this market and I’ve had many years of experience in doing so, but I need to know what you want to accomplish before I can really help you. This website and my BLOG are just first steps in a process that needs to add value to your efforts, so pick up the phone and call me or send along any comments you have on my BLOG posts.

 

 

James Lewis

Senior Partner
Branch Broker for The Colony
2200 Park Ave., Suite A200
Park City, UT 84060
Cell: 435.901.9898
Office: 435.649.7171
jameslewispc@gmail.com

 

 

WHAT IS ALL THIS PROSPERITY FOR?

By Jim Lewis
Mar 11, 2017

"Having lost sight of our goal, we must redouble our efforts" is an old statement that seems to fit Park City in the Spring of 2017. Prosperity in many forms has arrived and the nations richest small town (see my Oct 1, 2015 uncategorized  post entitled "THE RICHEST SMALL TOWN IN AMERICA") is only getting richer. The newest residents and the oldest residents seem to agree that what we have now is a well run city and a nice place to live. Everyone sees that traffic problems, affordable housing, and many other issues need work, but if you look closely, progress is being made. One example of such progress is the Main Street Plaza project at the southern end of Main Street that will replace the Brew Pub parking lot. This $7,000,000 project will include green space, rest rooms, kids play area and a water feature. Its purpose is to ensure (along with other small Main Street projects) that the Old Town business district remains competitive with outlying commercial areas. This project will probably start construction in the spring of 2018 and take 8 or 9 months to complete - good for business, good for Old Town residents and good for visitors. At the same time, we are facing a new challenge in the acquisition of the 1,350 acre Bonanza Flats parcel. After voting in a $25,000,000 bond, we are now raising $13,000,000 more to complete a $38,000,000 purchase. So far Summit County has pledged $5,750,000 and $1,845,000 has been raised from non profits, foundations and over 1,500 individual donors. I have no doubt the full amount will be raised by the June 15th deadline. This experience involving taking decisive action to preserve what the community values should be a guide to solve a "kick the can down the road" project that came to life in 1980. The Treasure Project which involves 1,000,000 square feet of commercial development on the hillside overlooking Old Town has been in active discussion since 2004. Endless meetings and the constant turnover of planning commissioners have created a never ending circus that gathers data and public input that is always overtaken by other events. Now after so many years and so many meetings the Treasure Partnership intends to force the Park City Planning Commission to vote on the project next October. If that happens, any decision will be appealed, but not to the Park City Council who have removed themselves from that position. Everyone knows that this project, if attempted, will ruin Old Town, and very probably bankrupt the Developer since in today's world it really has no economic viability. We should look to our recent Bonanza Flats experience and arrive at an appropriate price to purchase the Treasure Partnerships interest. That is the only way to preserve the very delicate , somewhat imperfect balance we have today. Occam's razor is a principle that can help guide our thinking on resolving this situation.

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