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In the spring of 2008 creditors forced the Promontory luxury golf subdivision in Park City, UT into bankruptcy. The developer, Arizona based Pivotal defaulted on loans amounting to over $270M. On April 15, 2009 a group named Pivotal 7000 headed by the CEO of Pivotal, Franc...
The first quarter of 2009 Park City real estate statistics show that the Park City and Deer Valley area are not immune to the impacts of the national and global economic downturn. There were 91 total sales in the greater Park City area (PCMLS 1-22): 30 Single Family Homes,...