Next door to Deer Valley, a New York developer known for his sky-high buildings is attempting to build what could become the first new full-service ski resort in 40 years, despite the enormous expense and a steady decline in ski and snowboard participation
One of New York City’s most prominent real-estate developers is betting years of his life—and a nine-figure sum—that he will be the first in four decades to successfully build a new, full-service ski resort in the United States.
The obstacles are legion. The local approvals process can be lengthy and uncertain. Costs are massive—even more so in this project, where portions of the land are polluted with mine tailings containing lead and arsenic. And then there is the location: in Wasatch County, Utah, abutting the venerable...
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