Category Archive For "Economy"
We Couldn’t Agree More With This Weekend’s Park Record Edtorial
In Saturday’s Park Record, the Park Record Editorial Staff advocate forcing the Boyer Tech Park to keep it’s original mission: Bringing high paying tech jobs to Park City. It seems the development company behind the 1 million + square feet of allotted space in Kimball Junction want to relax the rules to allow other types …
Vail Resorts Is Not Talisker
Vail Resorts reported their Second Quarter results yesterday earnings rose 32% for the second quarter, compared to the same time last year. Net Income was $115 million for the quarter, representing a 95% increase over the last year. BAM. Vail is not Talisker. That’s pretty obvious. Other items to note from their press release: Vail …
Vail Announces Earnings Results This Thursday
Since we are all now technically invested in the success or failure of Vail (whether you planned on or not, when you moved here 15 years ago), you may want to hear about how they are doing. Vail is hosting an earnings call (aka an investment call) on Thursday at 9:30 AM MT to fill everyone in …
How Utah Became the Next Silicon Valley
The New Yorker has a great article on how Utah is attracting the top technology companies. Salt Lake, Provo, and Ogden are all in the top 15 cities of the “super-sector” for technology companies according to a recent study. With apologies to a specific Friend of the Park Rag, you’ll notice Park City is not …
Is Park City Ready for the Next Recession?
Historically, recessions have struck the national economy every 6-7 years. Some are weak like in 1969, while others are powerful like the Great Recession of 2008. What is a given, is that they happen. With that as a backdrop, economic indicators, like orders for manufactured goods, are starting to flash the warning signs of recession. …
Summit County Has Good Job Growth
Summit County seems to have experienced good job growth year over year.
Uinta Black Waxy Crude Prices Keep Falling
Uinta Black Waxy Crude is down 13% in the last week. On Jan 5th it was $32.04. Today it is listed at $27.89 per barrel. It has to be hard to make capital decisions for energy companies when your prices (and thus profits) are falling like a rock.
Hello Irrational Exuberance. We Haven’t Seen You In a While.
Every where we read, listen, or look in Park City we see big expectations of growth. A few examples: A Hyatt hotel has been started in Snyderville The Summit County Building Department says the upcoming 2015 construction year “looks to be good, if not a little better” than 2104. Summit County is hiring more building inspectors to prepare …
Is the (Lack Of) Weather Having an Impact on Businesses?
We don’t seem to remember typically seeing the 2-for-1s at this point in the season. Lack of snow impacting things? We wouldn’t be surprised. If someone is on top of business it’s Bill White.
They Don’t Ring a Bell at the Top… but Maybe They Build a Hotel
They say that no one rings a bell at the top of the stock market. There’s a top but you don’t realize it until you are down 20%. Similarly, as most of us know, Park City has had its series of booms and busts too. Yet, as we personally look around, all we see is …
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