Youthful think tank plants headquarters in rural town to some neighbors’ frustration
the Summit Series group, the youthful and internet wunderkind investor group, who arrived in the Valley last year with their acquisition of Powder Mountain Resort, amidst considerable public media fanfare. Unlike their Powder Mountain ownership predecessor, Western American Holdings, who'd put Ogden Valley residents through five years of legal grief, with battles raging from Utah Courts, coursing through the State Legislature and pouring into the Weber County Commission chambers, Summit Series had billed itself as environmentally and citizen-friendly, and were thus welcomed by Valley residents more or less with open arms. Despite the fact however that the Summit Series Group has in many ways put its best foot forward to win over the full support of sorely gun-shy Ogden Valley lumpencitizens, that still isn't happening, as Ms. McKitrick reports:
unorthodox (shall we say?) ski resort investor and management group's behavior into closer alignment with Ogden Valley's heretofore "udderly" bucolic lifestyle?
Or, in the alternative, will the forces of BIG MONEY and prospects of an increased Weber County property tax base lead our Weber County Commission and code enforcement authorities to turn a blind eye toward Summit Series' Eden Party Mansion, and treat Eden residents such as Eric Sontag as "nosy neighbors with a little too much time on their hands"?
Added bonus questions:
1) Ms. McKitrick reports that "Summit is poised to finalize its Powder Mountain transaction by the end of April and could pay up to $40 million in funds gathered from investors," raising the sodden question of what happens to Weber County's recently approved $22.5 million bonding application in the event that Summit somehow manages to fail in closing its property acquisition escrow?
2) Hello, people. Are we the only ones who'd been previously led to believe that the Powder Mountain acquisition was already a done deal?