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Construction began this summer on a public mountain town that will straddle a 10,000-acre site between three skiing bowls. In 2013, Powder Mountain was purchased by Summit, a company—or, perhaps more accurately, a collective—founded in 2008 by five 20-something friends who want to “catalyze entrepreneurship” and “create global change.” — The Atlantic
The company plans to build 500 single-family houses along with a village for amenities and a place to house the organization's non-profit arm. The founders hope that the skiing mecca—an hour's drive north of Salt Lake—will become a year-round community for innovators and other creatives "to... View full entry
It's not your everyday real estate deal. A team of young entrepreneurs persuaded about 50 deep-pocketed investors to help them purchase a mountain. The deal just closed in April, and development on Utah's nearly 10,000-acre Powder Mountain is now underway. [...]
"We were inspired by the core concepts of the Sundance Film Festival and the Aspen Institute. You can build place around a shared ethos."
— npr.org
