The Land Report


The Magazine of the American Landowner is an essential guide for investors, landowners, and those interested in buying or selling land. The award-winning quarterly is known for its annual survey of America's largest landowners, The Land Report 100.

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Page 71 of 99

CO U RTE SY O F SN OWBASI N R E SO RT DEALS OF /THEYEAR e Big Deal Despite solid interest from both public and private entities, it took three years for the right buyer to come along. A key fac- tor was nding someone whose vision aligned with that of Dick Bass and Earl Holding. "We had individuals looking at it, developers looking at it, and a slew of high-net-worth indi- viduals looking at it," Mirr says. "•e buyers are a private group. •ey studied the climate, snow- fall, and access, and did full-on due diligence. •ey really are focused; they were well thought out, very professional, coopera- tive, and we liked their vision." It's a vision that has the potential to make their pre- decessors' dream a reality. Although plans have yet to receive requisite approvals, the most likely development sce- nario for Wasatch Peaks Ranch would be a private residential ski club similar to Montana's Yellowstone Club (see e Land Report 2018 Rockies edition). "•ere's a large appetite for skiers in this state," says Ski Utah's Ra'erty. A $1.66 billion homegrown success story, the Beehive State's 13 ski resorts have drawn record numbers of visits over the past few years. "We have this varied palette to draw from, with Deer Valley on one end that's super luxury, and then the tiny Nordic Valley with three lifts," says Ra'erty. "I don't know what they're plan- ning up there, but I hope that they do something di'erent. I've been up on that ridgeline, and I hope someone will get to enjoy it one way or another." $1.66 BILLION INDUSTRY Skiing is a major economic driver in Utah, and the 2018-19 season set a new record for skier days: 5.125 million. It really is a special piece of property, and it's amazing that it is really untouched. NATHAN RAFFERTY, SKI UTAH 70 L AN D R E P O RT.CO M e LandReport | SPRING 20 19

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