Private Money to Build Out Multi-Billion Dollar High-End Recreation Community and Resort in Heber Valley

Property Owners Join with Developer to Incorporate 8,366-Acre Aspen, Utah

HEBER, Utah--(BUSINESS WIRE)--A new high-end recreation community and resort, rich in amenities including world-class downhill skiing equivalent to Deer Valley, will be built on 8,366 acres in Utahs Heber Valley, according to Dean K. Sellers, developer. But unlike other recent big-money developments within the state for example, the Proctor & Gamble paper products manufacturing plant in Box Elder County that received a performance-based incentive package worth up to $85 million in tax rebates over 20 years from the State Aspen, Utah will be built solely with private funds.

“Aspen, Utah will be a community where people of all faiths and different backgrounds will belong and live together in a beautiful setting with new job opportunities and decent wages for everyone.”

The 8,366-acre property, that includes some state and private lands, has four miles of Highway 40 road frontage on the north side and is 45 minutes from Salt Lake International Airport, 15 minutes to Hebers executive airport and close to Park City, Jordanelle Reservoir, Deer Creek, Sundance, and the Uintas. I am excited to see the potential that Aspen, Utah will bring to our state, commented Utah State Senate President John L. Valentine. Deans concept is unique and represents a balance of entrepreneurship, community life, and economic prosperity for the citizens of Utah.

Heber Valley property owners for 25 years Richard and Dianne Leon and many other owners representing a majority of resident support within the petitioned boundaries of Aspen, Utah have joined with Sellers to petition for incorporation. When we heard Deans ideas and how the community will be planned, we wanted to be a part of it, said Dianne Leon. Aspen, Utah will be a community where people of all faiths and different backgrounds will belong and live together in a beautiful setting with new job opportunities and decent wages for everyone. Due west from Strawberry Reservoir, the mixed-use community with 4,000 acres of quaking aspen and blue spruce and a year-round trout stream looks onto Mt. Timpanogos on the south and the Wasatch Range of the Rocky Mountains to the northwest.

The mixed-use community, situated on 5,700 acres owned by Sellers, will include a world-class ski resort, championship golf course, hotels, upscale retail and commercial, lodges, town homes, condos, cabins and cottages with lots varying in size. Jack Johnson, principal of the international Jack Johnson Company headquartered in Park City, noted, Utah now has the opportunity to create something that has not been accomplished in the State for more than a quarter of a century. Aspen, Utah will combine the best of Park City and Deer Valley as the newest jewel in the crown of the Wasatch Range of the Rocky Mountains. Planning and engineering for Aspen, Utah will be performed by Johnsons company, the principal player in the design and development of Deer Valley Resort and Park City Mountain Resort.

With a majority of resident support within the petitioned boundary area, and having met every requirement for compliance with HB466, Sellers and his resident partners filed the petition for incorporation Thursday, November 8, 2007, according to Clyde Snow attorney Thomas Boyle. This project is unique, said Boyle. Dean is not asking for tax breaks, special treatment, or corporate welfare. He pays his own way. This is the kind of development we should applaud. To be involved as a lawyer in the founding of a town of this magnitude with a visionary client is exciting. Were looking forward to contributing to that vision and making it a reality.

Ive moved my family to Utah to live on this beautiful land with magnificent vistas to fulfill a lifelong dream where families are safe and strong, where education is of the highest excellence, and where well-paying jobs are plentiful. The incorporation of Aspen, Utah will bring a multitude of career opportunities, generate a higher standard of living and provide mega tax revenue for every Utah family. We are honored to have the support of Governor Huntsman, Lt. Governor Herbert and State Senate President Valentine, said Sellers.

Contacts

For Aspen, Utah
Mary Kay O. Lazarus, 801-328-8899
Mobile: 801-209-3029
mkl@mklpr.com

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