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November 4, 2009

Promontory, a luxury second-home community in Park City, formed a new partnership with Summit Sotheby?s International Realty and their strategic alliance partner, Blueprint Global Marketing, to create a new level of service in Park City luxury real estate.

?We at Promontory are delighted to be entering into this partnership with Sotheby?s International Realty,? said Francis Najafi, CEO of Pivotal Group, the developer of Promontory. ?As a global leader in luxury real estate, Sotheby?s affiliation with Promontory provides an exceptional alliance and validation for our luxury mountain community. Today?s real estate buyers are looking for a community that has everything ready to use, right now, and Promontory?s world-class amenities and two golf courses provide that.?

Ross McCredie, president and CEO of Blueprint, is especially pleased to be adding Promontory to the exclusive list of communities Blueprint markets worldwide under the Sotheby?s International Realty banner. ?Sotheby?s International Realty aligns itself with superior projects like Promontory in order to provide exceptional buying opportunities to its clients.?

In addition, Promontory has brought a new director of sales to the onsite team, Ron Barnes. Barnes previously worked with such high-profile projects as Aspen/ Snowmass Base Village and Peninsula Papagayo/Four Seasons.

Rich Sonntag, Promontory managing director, noted, ?Promontory?s onsite sales team will now operate as a division of Summit Sotheby?s International Realty in order to better take advantage of their international marketing and sales network. Promontory will continue its strong relationships with all local and national realtors through agent programs and events and competitive cooperative commission structures. We expect Promontory?s alignment with Sotheby?s International Realty and Blueprint Global Marketing to enhance our ability to work with agents from all brokerages on both a national and international basis.?

Promontory is a 7,200 acre, 10-square-mile, private second home and luxury mountain community in the heart of the Utah Rocky Mountains just outside of Park City, Utah. Promontory?s unique mountain ranch setting offers diverse amenities, championship golf, world-class sking, and year-round recreational activities for the multi-generational family.


Utah Ranked No. 1 for Expected Economic Recovery

by PR or News Wire

28 May 2009--In the midst of economic turmoil, federal bailouts, and budget deficits in more than 40 states, a new report from the American Legislative Exchange Council (ALEC) offers a roadmap to recovery based on economic performance trends from states over the last 10 years. The second edition ofRichStates, Poor States:ALEC-LafferStateEconomic Competitiveness Indexshows how the federal bailout of the states may simply encourage out-of-control spending by states, which is up 124 percent over the last 10 years, without requiring them to make the tough decisions needed to bring about financial stability.

?Too many states were too eager to add programs and increase spending during the good times, but we now face very difficult choices,? said Indiana Senator Jim Buck, chairman of ALEC?s Tax and Fiscal Policy Task Force. ?While we need to make tough choices to live within our means, we also need to remain focused on policies that foster economic development and job growth as the best solution to our budget woes.?

Co-author and renowned economist Dr. Arthur B. Laffer summarized the report's finding when he said, ?States cannot tax their way into prosperity.?RichStates, Poor States presents rankings of the 50 states based on the relationship between policies and performance, revealing which states are best positioned to make a recovery, and which are not.

Laffer and his co-authors, Stephen Moore, senior economics writer atThe Wall Street Journal, and Jonathan Williams, director of the Tax and Fiscal Policy Task Force for ALEC, analyze how economic competitiveness drives income, population and job growth in the states. They found that, ?states with a high and rising tax burden are more likely to suffer through economic decline, while those with lower and falling tax burdens are more likely to enjoy robust economic growth.?

According to Williams, ?The top performing states keep taxes, spending, and regulatory burdens low, while the biggest losers in the book tend to share similar policies of high tax rates, unsustainable spending and regulation.?

?New Yorkearns the dubious distinction of having the worst economic outlook of any state,? according to the report. ?TheNew Yorkgovernor just might have broken the record for the number of bad ideas he put forward during a recent 17-minute budget address?most notably his 137 proposed tax increases come to mind.?

?As legislators, we know that we are in direct competition with other states for human and investment capital,? said Utah Revenue and Taxation Committee Chairman, Senator Wayne Niederhauser. ?Rich States, Poor Stateshas provided invaluable information to strengthen our efforts to reduce tax burdens inUtahand we are happy to again be ranked as the most competitive state in the nation.?

Just What The Doctor Ordered

August 28, 2009 - With healthcare the #1 topic of discussion throughout the country, Park City makes a giant stride forward in the healthcare it offers residents and visitors with the introduction of the new Intermountain Park City Medical Center.

Scheduled to open September 15, 2009, the Park City Medical Center offers extensive first-rate medical services from experienced physicians and a stunning facility located in one of the world?s most celebrated resort communities.
High-tech, high-touch medicine will include a 24 hour Emergency Department staffed with board certified emergency medicine doctors, one of whom is also fellowship trained in pediatric emergency medicine. Several features not normally found in a community hospital include 15 exam rooms, a decontamination room, 4 state-of-the-art trauma bays with one specially equipped to treat cold related injuries.
Park City is home to many world class athletes so it makes sense that the Park City Medical Center would offer premier orthopedic services. Sports-related injuries are a fact of life in our active community and those same activities are the main attraction for our many visitors from all over the world. Two operating rooms are dedicated to orthopedic surgery and each is outfitted with leading edge equipment and instruments. Orthopedic care is completed by a Physical Therapy program among the country?s finest. In addition to helping those recovering from surgery or injury, this department will provide many classes including pilates, yoga, personal training, seasonal conditioning, and CompuTrainer classes. Classes will be designed for serious athletes, weekend warriors, and people who just want to be more active.
The Women?s Center will feature 4 large labor and delivery suites and is only steps away from an operating room that is dedicated to C-section deliveries. Each of the 6 operating rooms is state-of-the-art in every respect. Every detail has been considered to make a women?s stay as warm and comfortable as possible. A women-only section of the hospital is available as are advanced mammography services and quality meals. Educational classes to be offered include natural childbirth and breastfeeding, cancer prevention, weight loss, and general wellness.
The architectural beauty of the building reflects the history and culture of Park City while creating a pleasant and healing environment. The Silver King Caf provides an a la carte dining experience to rival many of Park City?s upscale restaurants. The hospital?s certified executive chef will work with local farmers and growers to serve fresh, locally grown ingredients. A wood burning pizza oven is just one of the many other culinary highlights.
Park City Medical Center is proud to be the newest member of the Intermountain Healthcare family whose stated goal is to help people heal, both physically and emotionally ? to care as well as cure. President Obama was recently quoted as saying ?We need to build on the examples of outstanding medicine at places like Intermountain Health in Salt Lake City, where high-quality care is being provided at a cost well below average?.
The arrival of convenient, state-of-the-art care for area residents will be a major addition to Park City?s attraction as a residential community. It is also an important benefit for vacationers and part-time residents. Knowing that the best of care is available should unexpected illness or injury occur is a consideration for any family planning an active lifestyle vacation. Adding the Park City Medical Center to Park City?s top-rated ski resorts, world-class golf, an Olympic sports park, the new headquarters and training facility for the U.S. Ski Team, first class restaurants and nightlife, the ice arena, and Utah?s best schools and municipal services, all set in the best preserved historic mining town in the West, is the foundation for the outstanding real estate values now available to all ages from young families to active retirees.