If you want evidence that Park City is the place to be, consider this: Vail Resorts recently bought Park City Mountain and has launched a $50 million project to link it with the nearby Canyons Resort in time for the 2015/16 ski season. This makes Park City the beneficiary of the largest capital investment plan in the history of the United States ski industry!
The combined area will encompass a whopping 7,300 acres. For context, Vail mountain in Colorado (former holder of the title for largest “single mountain resort”) is 5,300 acres. Aspen, which operates four linked but not directly connected mountains — Ajax, Snowmass, Buttermilk, and Aspen Highlands — is 5,700 acres.
Combined with Park City being only 45-minutes from one of the largest airport hubs in the country means that Park City is poised for turbocharged growth.
Just as importantly for those who enjoy the luxury lifestyle is the type of growth happening here: much of it is at the upscale end of the spectrum. The Waldorf Astoria, St. Regis, and Montage have all opened five-star projects in the last five years. Promontory Club recently opened a Jack Nicholas Signature golf course. Fantastic new restaurants and stores open every month. The Sundance Film Festival is more renowned than ever, filling the town with celebrities every winter. Something new and exciting is always happening in Park City.
If you’ve been considering buying or selling real estate in Park City, right now is the perfect opportunity.