Show I Park City Overall Committee I Hears Discussion of Growth I PARK CITY CITY- The Tho Overall Committee hold held their regular meeting Thursday evening at the Memorial Building with Chairman David Loertscher in charge Professor Claron Nelson of the Department of Economics of the University of Utah presented a avery avery avery very interesting and Informative economic and population projection tion and d discussion Ion A y ve very fine discussion followed participated in by Dr Keith Wilson Wilson Wilson Wil Wil- son S 3 S. K Dr Droubay ubay Dick Street Jack Green Mayor Maior Sullivan Dav Dave Parkinson and others otheN Professor Nelson stated that Clat the year 64 1963 would provide company jobs and indirect in direct jobs in the Park City area Professor Nelson also discussed discussed discus discus- sed 1 recreational developments develop develop- ments both local and those in competing areas evaluated in re relation relation re-I re lation to demand 2 develop lUe ment t as a a. a residential area for metr metropolitan Salt Lake City 3 the migration in of light manufacturing manufacturing manu mann or sp special ree research arch ac activities which would p provide direct direct di dl or indirect employment for residents A discussion of i survey survey Supply Co Plans Plana for the Ground Breaking also aiso discussed Mr Reed Moore Moore Summit County Agricultural Agent with four tour farmers from Iran were visitors at the meeting These gentlemen have been studying employment and rural conditions In the United States at Utah State University in Logan and visiting with David Sharp who spent five years in Iran These gentlemen are studying areas in Summit County before going to other states to study conditions there Any statement predicting population pop Op 1 for a relatively small email area is Is as should hould be evident from the previous discussion based upon pure speculation as to the de decisions deci l- l alone that a number of people will make and as to the relia rella reliability of o their decision making Prediction of Jobs Job The one safe eafe prediction about Park City is that there will be a minimum of jobs directly related related re re- related to recreational develop m ment ments This assumes that th thare the are area will devel develop p for casual or day On the other end of the scale so in r as recreation development development de de- is concerned It does not now appear rational nal to to predict pre predict pre pie dict diet more direct and an indirect lobe jobs 6 in the Park City area than there are In a country that haa bos a aNa aNa- National Na Na- Park attraction plus a are relatively re to- good location n ne as as a na natural natural na- na tural gasoline e food tood and ana l motel sto stop IC Computations ix at the Bureau Dureau of Economic and Business Research suggests that the tourist supported support support- e ed direct dir c. c and i indirect df c fm employ employ- lo- lo went mont in the even ye u bem counties ranges from from froma a a high of I 1192 1192 Washington Wahington 1959 9 to to a aj aj low of Wayne or or SanJuan San Juan Even Even- these t totals use re rel relatively re- re l U et high multipliers f for r. r esI es es estimation es- es o of indirect employment I Income Development An n income multiplier would I Ithan Indicate than whenever Income increases for any reason consumption consumption con con- I will viII also Increase by some amount this creates fur further ther increment of Income which in ut turn leads to more spending and hence to another increment I of income and so on The ratio of or the total Increase in income I I to the original increase in spend 1 ing is called the multiplier An acceptable multiplier would be I between 2 and 3 applied to the original Increment only I As one final comment although the problems of relating Park I City to the Aspen Colorado development de have already been I pointed available figures for I Aspen would Indicate indica te significantly significant significant- ly ly fewer than 1192 tourist-based tourist jobs for the area at the present time tim after 15 years of develop ment 65 1964 65 1964 lots Iota for lease Improved Im proved 30 building re re- re- re 12 60 tax money |