Powder Mountain Development Off

In a news release issued to the Web site SnowJournal on Tuesday, [Brent Ferrin]'s Snowy Owl Group said financing was the problem. Ferrin did not return numerous phone calls during the past week. Ferrin did not extend his option to buy the northern Utah resort, however, as he had in July, when t...

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Bibliographic Details
Published inThe Salt Lake tribune
Main Author Moulton, Kristen
Format Newspaper Article
LanguageEnglish
Published Salt Lake City, Utah The Salt Lake Tribune 20.11.2002
Subjects
Redevelopment
Ski resorts
Park City Utah
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Summary:In a news release issued to the Web site SnowJournal on Tuesday, [Brent Ferrin]'s Snowy Owl Group said financing was the problem. Ferrin did not return numerous phone calls during the past week. Ferrin did not extend his option to buy the northern Utah resort, however, as he had in July, when the option first was to be exercised. Ferrin and [Alvin Cobabe] had been in negotiations since March 2001. A lone skier heads down the expansive terrain of Powder Mountain Ski Resort in December 2001. Plans to sell the resort and build upscale housing, hotels and golf courses have fallen through, although owner Alvin Cobabe, whose family has long owned Powder Mountain, says the resort may do some redevelopment of its own.; Hidden Lake Lodge at the top of Powder Mountain is one of the few buildings at the rugged resort. For the time being, the ski getaway will retain its rustic flavor.
ISSN:0746-3502