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Show Volume One Thursday, November 1, 1979 Number Three Jeremy Is 'The Most Exciting "Making things happen!" is the motto of the Salt Lake City-based development firm of Bagley & Company. Com-pany. And no one who drives along 1-80 just east and below Parley's Summit, can escape the conclusion that the company's army of bulldozers and backhoes are making something big happen on a large tract of land north of the freeway. That something is called Jeremy Ranch. And, of all the recent residential developments planned for the Parley's Park-Snyderville Basin, it is the Jeremy that is lending visual credence to predictions that this area will, within 10 years, be a major suburb of both Salt Lake City and Park City. "In my humble opinion, this area is the next Bountiful," states Dr. Gerald H. Bagley, an optometrist turned developer, whose list of projects since 1966 include a $70-miilion industrial park in West Jordan, Garden Valley and Hi-Country Estates in Salt Lake and ownership and management of the Canyon Racquet Club. But all that not withstanding, Mr. Bagley says he speaks for the other principals in the Jeremy project, including in-cluding W. Dee Halverson, James DeSpain and Thomas Bagley, when he states: "This is the most exciting thing any of us have ever done." Mr. Bagley acquired the 12,500-acre ranch on contract from the realty department of Merrill, Lynch, Pierce, Fenner and Smith, New York, which was acting as agents for a consortium of Dutch bankers. The sale of the ranch, previously in the hands of the Jeremy family since 1870, was contingent on the passage of the Snyderville bond election in May 1977. Voter approval of the sewer project, says Mr. Bagley, was the key to development of the Parley's Park area. Following many months of planning, plan-ning, construction began this summer on the first phase of the residential portion por-tion of the project, about 130 single-family single-family lots, and the 18-hole golf course designed by Arnold Palmer. For Mr. Bagley, the most exciting part of the Jeremy development is the golf course. "Everyone wants to live around a golf course," he says. Besides Arnold Palmer, others in- .1 BAGLEY f a" pi , ti i r-i i Jem i7 TV I V - - 1 tin in i ARNOLD PALMER GOLF COURSE SITES AVAILABLE KROKEK - Uu IIP i mn If HI in' Golf pro Lannie Nielsen (left) and developer Dr. Gerald Bagley volved in the course are renowned golf course architect Edwin Seay and Lannie Lan-nie Nielson, former pro at Wasatch Mountain State Park, who will take charge of the course when it is ready for play in 1981. Although work also is underway in Park City on a Jack Nicklaus golf course in Park Meadows, Mr. Bagley says there is good reason to have the Palmer course as an integral part of the Jeremy project. "You have to have an entity like this in this end of the valley," he says, adding, add-ing, "I think Park City will always be a recreation center, but that doesn't necessarily mean it will be the place that people want to raise their families." The developer is confident enough of that assessment that, by the time the first family moves in next year, an investment in-vestment of $10-million will have been made. The total investment will exceed $150 million. And even in the face of skyrocketing interest rates and a moritorium by the Weber Basin Water Conservancy I District on all new water applications, Mr. Bagley still views the Jeremy as the nearest thing to a sure bet. "Actually, high interest stimulates the sale of lots... the couple who were going to buy a house will, instead, buy a lot," he says. On the subject of water, Mr. Bagley says: "I think the water problem is way overblown. We have all the water we need for the golf course and the first The developer concludes, "In the long run there is no way you can stop the demand and development here... Summit County will be the place to live. I think you'll see phenomenal growth, up to 1,000 homes per year." Jeremy To Page 18 Planner Sticks To Population Prediction Despite double-digit interest rates and a moratorium on new water applications, ap-plications, realtor and planning consultant con-sultant Max Greenhalgh predicts there will be 18,000 people living in the Park City-Parley's Park area by 1990 most of them in the new developments from Parleys Summit on into Park City along highways 1-80 and U-224. Mr. Greenhalgh was Summit County Coun-ty Planner from 1975 to 1978 and is now a real estate agent for broker Kay Wade, as well as a planning consultant for the ambitious Jeremy Ranch project. He was instrumental in the formation of the present Summit County master plan and development code. His population projections for the Snyderville Basin surrounding Park City were made last year, while still the county planner and despite recent events, he sees no reason to modify them. He points to his work with the Prediction To Page 16 |