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Show O'JNI'fiEST Box 2603 SLC, UT 8U10 Fifteen Cents Volume Three Resort Opens For Skiim On A Limited Basis . Park City Resort opened Tuesday : morning on a limited basis with skiing from the Meadow to Bonanza to the angle station. No expert terrain will be open : until further snows and all skiers must : board at the angle station for return rides ': both to the top and to the bottom . A total base of 16 inches is reported at : the top and resort officials siad the upper gondola area is the only area with sufficient suf-ficient snow for good skiing. The : Prospector runs have an adequate base and are scheduled to open after the next ': storm. Lift tickets are $6 for adults and $4 for Real Estate Prices: The price of real estate is on the rise all over the country and Park City is no exception. ex-ception. But, according to realtor Hal Taylor, supply and demand are not the sole determining factors in the local market. , "There's no way to look at the real estate market up here and say it's sane," Taylor observed. "People fall in love with Park City and it becomes an emotional rather than a practical matter," mat-ter," Taylor, a former IBM employe, was living in Salt Lake City in 1958 when he first began to "wander around Park City." "I knew good things were going to hap-' hap-' pen here," he said. j , More Than Double ' Taylor, now an independent broker, went to work for Greater Park City Company's Com-pany's real estate division in 1972 and he compares real estate prices of that year with current prices to underscore the dramatic changes that have taken place. ' When Taylor joined GPCC in june of '72 approximately 30 Thaynes' Canyon lots had been sold for between $8,000 and 15,000 and the remaining 66 lots were sold in the next five months. Two months ago, a Thaynes Canyon lot was resold for $34,000 and the realtor claims, "We could sell a Thaynes lot for $40,000 now if we could find one." tThe Three Kings condominium project had just been completed when Taylor came to Park City. One-bedroom units were selling for about $30,000, two-bedrooms two-bedrooms for $40,000 and three-bedroom units for $46,000. The realtor said a two-bedroom two-bedroom Three Kings unit sold last week for $67,000 and a three-bedroom went for $73,000 the same week. A one-bedroom Three Kings condominium was purchased pur-chased for $43,000 a month ago. "They've all made a few bucks on "tneni," Taylor said of the original Three Kings owners who have sold their units. As for the current condominium market in general, he noted, "There are none for sale. We have to call the owners on an individual basis when we get an interested in-terested buyer." North Star North is now the Silver Bell. Page 3 The Tax Reform Act could help revitalize ; Main Street. Page 6 i Page 5 The Park High basketball team lost one and then won big last week. Page 6 To find out what's in-l in-l - side see Inside on... ' Pagel INSIDE CC3PC3ATI0N children. According to marketing assistant Laura Thomas, the resort opened on a limited basis primarily to train lift personnel per-sonnel and patrolmen and to give locals a chance to warm up. The resort does not view its failure to open over Thanksgiving as a business loss. "Thanksgiving is now tagged as a bonus," Thomas said Tuesday. "Conditions "Con-ditions the last few years have been so sketchy that it has become inevitable that in some years ski resorts won't open by Thanksgiving. Uptown Lots in older sections of town also have appreciated considerably since 1972. "There were many people who got good buys on lots back then," Taylor reflected. He said 25-foot by 75-foot parcels par-cels which were selling for $3,000 five years ago are now fetching $6,000 to $7,000. Small older houses in the historic district which were selling for $6,000 or $7,000 in 1972 are now going for $25,000 to $30,000, he added. "A lot of locals have made money on their homes and have moved to Park Meadows or have gone out and done something else," Taylor commented. Main Street commercial property prices also have been carried upward by the real estate spiral. Main Street lots going for $300 to $400 a front foot in '72 are now being listed at around $800 a front foot. Despite this two-fold increase, Taylor noted that some Main Street lots were priced even higher in the spring of 1973. "Prices have bounced all over the place but '73 was a boomer," he said. One piece of Main Street property was purchased pur-chased in 1973 for $1,000 a front foot by a businessman who "really wanted it." Also during this period, GPCC sold 111 condominiums (including all of Crescent HalTaylor 70CD RETAILOR COMMERCIAL ; f .,-- "' X ' V,iljk ' VJ J Fry?1 .wyt . - 't -jS. j Park Wednesday, November 30, 1977 Based on figures from two years ago when the resort was open for the Thanksgiving holiday, the Thanksgiving crowds accounted for an estimated 3.4 per cent of the total resort business. Even this figure is a rough estimate, according ac-cording to the marketing assistant, since late snows caused many cancellations prior to the opening date two years ago. The resort lost an estimated 10,000 skier days by remaining closed this past week. Ed Erie at Park City Reservations reported he "didn't have that much business to lose." A few people came to Up, Up And Away Ridge and most of Payday) in two months. mon-ths. The last few years have seen a proliferation of commercial development develop-ment in the north end of town but Taylor predicts that Main Street "will always hold its own." "People come here to see the funny lit Throw Away Your T.V., Last week, as temperatures dipped below zero and Park City pipes froze and furnaces blasted. Pam Rapplean and Phil "Handlebar" Thalman were warm and toasty in their new home, a teepee 25 feet tall and 20 feet in diameter, located in Hoytsville. Although teepee living is not exactly Park Meadows, Phil says the idea has been on his mind for over four years and "this was just the right time to do it." Thalman has friends in the Pine Valley area of southern Utah who served as inspiration in-spiration for the venture. A teepee raising ceremony was held in August, at the time of the new moon. Neighbors and friends helped raise the 20-foot tall canvas and fasten it to 25-foot posts of lodge pole pine which Pam and Phil hauled from the Uintas in the late summer. Seventeen poles are used in all two for the smoke stack and fifteen in the actual ac-tual construction. In raising a teepee, the last pole is used as a lifting pole and is tied to the top. The canvas ,is temporarily fastened to the bottom of the lift pole. Wooden lacing pins are used to secure the canvas down the front and 20 hardwood pegs are used to fasten the bottom to the pine poles. The body of the teepee was custom-made custom-made by the Nomadic Teepee Makers in Bend, Oregon. A six-foot section of canvas can-vas currently divides the teepee horizontally horizon-tally at a height of five feet. This division facilitates heating during the cold winter months by isolating the cooler "ozone" laver above. City town despite the lack of snow but, in general, bookings were low because "most people are still leary." Park City Reservations reported a cancellation rate of about 30 per cent. "I don't even want to guess at the number of cancellations," said Mary Mayer of Moana. Many larger groups, including Mountain People Ski Club of Dallas and Snow Mad, also out of Texas, cancelled at the last minute. Moana, too, reports some "shows," mainly people who came to town to visit with their families. tle mining town," he commented, "and if Wally Wright gets his thing (the Depot project) going, that will be a plus for uptown, up-town, too." Residential Although escalating prices create Continued On Page 11 The total cost for the canvas body and divider came to $413. The floor is covered with a rug placed over layers of insulation and straw fills the sides to a height of about three feet between the liner and the outer canvas. Heat is provided by the standard Sears sheepherder's woodburning stove and Phil noted the interior of the teepee can be kept at a steady 70 degrees with regular stokings of the fire. Teepee furnishings include a cabinet for kitchen utensils (all cooking is done on the woodburning stove), a wood bin, an easy chair and a double bed. Although the teepee is now situated on property owned by friends, Pam and Phil have been investigating spots to call their own. Original plans to relocate in Montana have been abandoned because of the weather factor, the high cost of land and a difficulty in finding a suitable spot with a good water supply. If all goes as intended, the couple hopes to purchase a 20-acre parcel located on Echo Creek in the spring. Future teepee additions, according to Phil, will include a wooden frame for the bed and leanbacks, wooden-framed back rests woven with willow branches. A solar-heated shower will be built at the Echo location. Intense 70-degree Utah sun can quickly heat many gallons of water to 150 degrees, he explained. Pam and Phil plan to live in the structure struc-ture for at least three more years and then begin work on a solar-heated cabin. WEATHER Periods of snow are expected through the weekend. High temperatures will be in the 30s with lows in the teens . Decker Asks For County Impact Fee The imposition of a county impact fee was proposed to Summit County officials by Park City Treasurer Bruce Decker at a planning seminar held Tuesday, November 22 in Coalville. The seminar was co-sponsored by the Summit County Planning Commission and the bureau of Community Development at the University Univer-sity of Utah. County commissioners Bill Wallin and Dale Leavitt and county planners Lamar Pace, Donna Dearden and Mike Ivers were told by Decker that new residences cost more in services than they provide in taxes. "All things any city resident would desire will eventually be demanded from the county by residents living insub-divisions," insub-divisions," Decker said. "Every new house allowed in the county will be subsidized sub-sidized by existing residents." Decker estimated this subsidy could range from between $100 and $400 per new residential living unit. He advocated . the use of an economic formula to calculate the negative impact new residential construction will have on county finances. v "It's the same as a big company looking at a new acquisition," Decker told The Newspaper. "The acquisition of new subdivisions will not add to the county coun-ty assets but rather it will add to the liabilities. It will cost the county to provide the services demanded." Decker said that if new subdivisions are allowed in the Snyderville area without such amenities as parks, recreation facilities, schools, libraries, etc., their residents will travel to the nearest place offering them Park City. Park City taxpayers then would be subsidizing sub-sidizing this development, he added. "Park City is very concerned about the , impact created by those people moving into the county," he said. '"We want them to pay their own way . " Decker proposed that county sub Get Yourself 7 Pam Rapplean, Phil nk-:-Y if X' -' x y Number Eleven division developers be required to pay a . per-lot impact fee. Under this provision ; the lot buyer would not be hit with a "hidden" impact fee when he started: construction of his home. The fee would ' be included in the price of the lot and Decker predicted it would force the developer to reduce his profit margin, because he would have to price his land ; according to market demand and a price increase could result in reduced sales. -I "The impact fee would, perhaps, mean slightly lower profits for the developer but at least Park City and Summit County Coun-ty residents would not have to subsidize the projects," Decker said. County Commissioner Leavitt, Kamas, feared the impact fee would lead to ... higher land prices and, consequently, put new housing out of reach for manV of the , county's young people. . County Commission chairman Pace and county planner Max Greenhalgh favored further study of the proposal. Decker revealed that he will seek a Park City Council endorsement of the county impact fee and then present it at the county master plan hearing set for December 13. Park City imposes a two per cent impact im-pact fee on new construction and, according accor-ding to Decker, it has helped the city . keep pace with the rapid growth it is experiencing. ex-periencing. ; "The impact fee has enabled us to undertake un-dertake capital improvements that couldn't have been completed with the v tax dollars generated by the new residential residen-tial construction," he said. "We issued building permits for $13 million in i eMuenuai construction mis year oui we won't realize the tax money until 1978 . and the demand for services is already here. "The impact fee has been a real boon to the city," he continued. "We wouldn't be in such a sound financial position , without it." - A Teepee Thalman and teepee |