Hoping they go Ikon for me!!
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Utah Wassatch Peaks. Is this for real?
- Thread starter Brian Finch
- Start date
Hoping they go Ikon for me!!
Didn't they get a court order to stop construction recently?
Advertising prices? On Instagram? Pretty low brow for an “exclusive” and “luxury” club. Makes me think they are struggling to find buyers in the traditional referral and word of mouth method that most private clubs operate under.
I met someone the other day that is a ski patroller there. They have an injunction to stop building but they already have a few lifts installed and some ski operations are already underway.
Utah - 2023-2024 Utah Ski Resorts/Conditions/Meetups
Historically when does lift service start for canyon areas? Brighton has historically been the one that pushes to open ASAP.
www.skitalk.com
A friend of a friend moved there to build the runs last year. When I drove past it in Oct, you could see 2 lifts for sure.
That Instagram account is a realtor not Peaks.
Wasatch Peaks Ranch operators, residents critical of development resolve court dispute
The contentious dispute over the Wasatch Peaks Ranch project in Morgan County, waged in court for more than four years, is over.
www.ksl.com
It’s for real! I have friends who have skied there, one yesterday. They already have lifts to the top & ski operations have been going at least since last season.
Here’s what he posted yesterday…
Here’s what he posted yesterday…
The residents who live below the resort are really having issues with avy control blasting. The little town of Peterson is literally right there, with a lot of homes that have been there for generations snugged up against the property boundary. I think that is an issue the county commissioners did not consider (among a lot of other things.) The whole thing has added to the prices of homes skyrocketing in Morgan County.
I probably should have posted this year instead of making its own thread last night
www.sltrib.com
The legal battle between an ultra-exclusive Utah ski area and 5 local residents just reached a stunning resolution
The group of Morgan County residents seeking to put Wasatch Peaks Ranch zoning laws to vote have reached an agreement with the exclusive ski area to drop their lawsuits.
Not sure how frequent the skiing privileges (if any) would be & I'm a pretty frequent skier
. I will say that I have considered it though. A friends kid was patrolling there last year & didn't return 
. Best scenario would be for the private thing to fail & the whole thing go public. It is obvious that there is demand for more ski terrain in the west.My friends in Morgan County are not happy. With increased property values come increased taxes, not a positive if it is your forever home. We've experienced the same in the Ogden Valley.
My reply to his post: “I’m always availableoohhh
sometime good to have friends, especially if they share
”.
@4ster @AmyPJ
I would think Wasatch Peaks from a strictly property tax perspective would be a huge positive not a negative. This development would greatly increase the tax base among a user base that wouldn't pit much strain on resources including schooling. We're talking wealthy owners with multi million dollar properties that are not there all that often.
From a strictly property tax consideration it doesn't get much better for the city
I would think Wasatch Peaks from a strictly property tax perspective would be a huge positive not a negative. This development would greatly increase the tax base among a user base that wouldn't pit much strain on resources including schooling. We're talking wealthy owners with multi million dollar properties that are not there all that often.
From a strictly property tax consideration it doesn't get much better for the city
I think your point was the pitch to the county when the project was initially approved.
From a property tax perspective I think that pitch is spot on. I also think it is by far the least intrusive way of developing that land as well. If that land is going to be developed, a private area with part time residents and large lots is by far the least impactful change to the character of the community.
To be honest, if I were a resident and that land was going to be developed, Wasatch Peaks is exactly what I would want even if I never got to use it. If the neighbors are unhappy with Wasatch Peaks, their life would be hell if that was a public ski resort.
That's been the pitch. But it still doesn't address the added burden on the existing residents, many who have been there for decades and who are now on a fixed income. The added burden comes from increasing home values overall. It's a double-edged sword--people of modest means are priced out both by the high costs of homes plus the high costs of property taxes, particularly compared to what they used to be.
Agreed with all of this.
Higher value homes, all things equal, lower relative property taxes on existing residents. It's generally a big economic windfall for them. And local governments are not allowed to be "For Profit". They spread the resource demand among all residents and commercial real estate normally on prorated basis relative to value and/or use. Short of something uncommon that would spike resource need for the municipality like the development a new school system, the net effect is likely a big economic benefit to existing home owners int he form of less taxes and higher home value. The absolute property tax dollar amount may go up due to home value rising on existing homeowners, but the relative percentage amount usually goes down given the higher valued tax base, all while that existing homeowner becomes wealthier due to home value increases. If you live in a high demand future development zone, encroachment will always be a risk or reward depending on how you look at it to existing homeowners but if it's desirable then the existing owners become significantly wealthier. If they are on fixed income and can't afford their homes any longer, they still have choices like reverse mortgage or sell outright for what would likely be significant profit. The vast majority of retirees will have absolutely no choice but to sell their homes for retirement spending needs, so this outcome (increased home value due to encroachment) is highly beneficial to them economically speaking compared to others. All that said, emotionally the changes are understandably disruptive and frustrating for those who don't want to leave, even if the economic benefits are pretty clearly favorable.