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Show Volume One Thursday, July 3, 1980 Number 20 Like spring in the proverbial song, Crystal Development is busting out all over. The three men behind Crystal President Jim Boldon, Executive Vice President Vance McDonald, Mc-Donald, and partner Ken Sitz-berger Sitz-berger can't be in six places at once, but they try. Their plans range from a moderate-low income housing project near Silver Creek Junction, to a 40-unit luxury development in Deer Valley that offers jacuzzis, saunas, and a clubhouse with year-round swimming pool. Their ambitions for a growing Park City include a locally-based bank and a commercial-parking structure that McDonald says "will get some bodies back to Main Street." Crystal is a new company in the toddling stages, and many of its projects pro-jects still are aborning, but already it's established contacts with one of the world's biggest developers, and even mixes into glamorous Hollywood cir cles. (Wayne "MASH" Rogers is a Crystal associate.) "You have to keep the paperwork flowing," says one partnera part-nera strong contender for Understatement Under-statement of the Year. These days, many Parkites fear the town's northern development will make Main Street a lonely place, but Vance McDonald says, "I feel very positive about the viability of Main Street." In the future, he feels, it will be come the hub of activity between the present resort and Deer Valley's. To meet and encourage that trend, Crystal president Jim Boldon unveiled plans for a six-story structure to be built across the street from the Treasure Mountain Inn at the top of Main Street. It would encompass the present parking lot, Crystal property, a parcel owned by Jack Sweeney and the New Deal Market. Seven different facades would stretch along the building for about one hundred feet. Two stories of parking would nestle under four stories given over to 40 units of hotel or condominium con-dominium space, and possibly some commercial use, according to Boldon. Between 130 and 140 stalls would be created for additional Main Street parking, and Crystal developers say 30 to 40 would be for the building itself. The rest would be for the city. "It would make Swede Alley more attractive," attrac-tive," said Boldon. "The people in the building will be a captive audience for Main Street." Crystal Is Developing IHf - - HP' PR -1:""-;.H1 :i7W?D.Tn I 51 j LJl I L-...-. HIAJUUK.11 g j " u r ' o . it - -j i i ii ir;ni:'.;.,;! sy -f- Crystal still is negotiating with the city to develop air rights over its parking properly. To smooth the way, Boldon said Crystal could help defray the cost of the parking structure, or could buy the property altogether and build it themselves. Boldon is hopeful the city can reach some determination on Crystal's proposal this week. Some might worry about the presence pre-sence of yet another large building on "quaint" Main Street. But, Boldon says, "It is more feasible to build large buildings. If we developed just our property, the ingress and egress to parking would take up too much room. Crystal's partner in the Main Street project is Rogers-Russo Development Develop-ment "Rogers" for Wayne Rogers, whose acting reputation is eclipsed among his fellow thespians by his renown as a shrewd businessman. Rogers, whose clients include seven fellow stars, "is a businessman first, an actor second," says Boldon. Rogers enjoys en-joys Park City, he said, but his investments invest-ments range from a radio station in Georgia to his most direct involvements involve-ments with California real estate. Another big name, the Trammell Crow Co. (well, not big to you, maybe) is involved with Crystal. The 40-unit Sunridge project in Deer Valley brings the Crow Co., one of the five biggest developers in the world, together with Crystal and Tierra Financial Corporation of Salt Lake. The center of the project will be a clubhouse with a solar-heated indooroutdoor in-dooroutdoor pool, including a partition par-tition that lowers in the winter for total indoor aquatics. The units will come four to a building with vaulted ceilings, an energy-sensitjve design emphasizing the southern exposure, and interior features (fireplace, jacuzzi, sauna) that run the gamut for indoor luxury. The first phase of the development develop-ment 12 units is due to begin in three weeks, with the power saws and bulldozers helmed by Cannon Construction. Con-struction. The company has its fingers in a lot of pies; when Boldon lists his various partners, he beings to sound like George Burns recalling his days in vaudeville. Many of those partners are from California, New York, Chicago, and in the future maybe even Texas. We live in a capitol-poor state, says McDonald, where even Salt Lake investors in-vestors need to attract loans from other regions. "Traditionally, the money for most big projects comes from out of state," said Boldon. But those outside developers allow Crystal to guide their projects. "We're here, and they're there," he said. McDonald has lived for seven years in Utah, and Salt Lake-born Boldon has lived in Park City for three-and-a-half years. Crystal Development came into being last October when Rob Morris and Bill McComb joined Boldon and McDonald. After the firm was restructured this May, the word was goodbye Morris and McComb hello, Ken Stizberger. Sitzberger, the diving champion of the 1964 summer Olympics, bought the Bucket boarding house property on Main Street on his own, but Crystal is acting as developer for him. Other projects in the making; The Bank of Park City would be the first locally-owned entity of its kind. The bank is planned for a location on Highway 224 across from Adolph's, and would be owned by a holding company called the Alpine Bank Corp., with Boldon and Sitzberger Sitz-berger as directors and McDonald as a stockholder. The company's application ap-plication was made to the Utah banking commissioner last summer, and still is pending. Crystal plans an eight-uut development on Park Avenue, in association with a California tax at- Crystal to 4 |