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November 07, 2009

Wanna Buy a UT Ski Resort?

Here is a link to the online auction for Elk Meadows.

Then check their press release:

BEAVER, Utah--(Business Wire)-- The LFC Group of Companies, the leaders in online real estate auction marketing, is pleased to announce the latest campaign on their commercial property auction website the former Elk Meadows Ski Resort in southwestern Utah`s Beaver County. The property, comprising more than 1,100 acres of beautiful recreational land, is surrounded by a half-dozen of Utah`s most renowned national parks, including Zion National Park, Bryce Canyon, Dixie National Forest and Fishlake National Forest. Located just an hour from Logan, a city of more than 125,000 people and home to Utah State University, Elk Meadows is secluded yet accessible. The mountain is less than three hours from several of Utah`s major metropolitan areas, including St. George, Provo and Salt Lake City.

For 25 years, Elk Meadows was the secret getaway for skiers and snowboarders looking to escape the mammoth crowds of Salt Lake City and Park City in northern Utah. However, the mountain`s proximity to several national parks made it a popular destination during off-season, as well. In summer, guests enjoyed mountain biking, horseback riding, ATVing, fishing, hang gliding and more. Throughout the years, Elk Meadows was a popular destination for vacationers from southern Utah, southern California, Phoenix, Arizona and northern Nevada. In fact, Elk Meadows is less than a four hour drive from Las Vegas, Nevada.

"This is really a special piece of property, one that requires the broad exposure and universal accessibility that only an online auction can deliver," said Shawn Miller, Director of Sales the LFC Group of Companies. "With our Internet-based auction platform, interested bidders can easily conduct due diligence and place bids from wherever they are - an unmatched level of convenience for buyers that has helped spark substantial international interest."

While there is some infrastructure in place, Elk Meadows is a project that requires vision and persistence. This non-operational ski resort needs work, and the low minimum bid of $1,000,000 reflects that reality. However, it also makes for a tremendous opportunity to purchase a one-of-a-kind blank canvas at a bargain price.

Me thinks the auction firm needs geography lessons. USU and SUU are two different institutions and Logan happens to be closer to Jackson Hole, and quite possibly Big Sky than it is to Elk Meadows.


Posted by Justin at November 7, 2009 01:24 PM