Powder Mountain Brings Crowdfunded Ski Resort to Utah
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Powder Mountain, the crowdfunded "next-generation Alpine town" in Eden, Utah, got the big New York Times treatment this weekend. Founders Jeff Rosenthal, Brett Leve, Jeremy Schwartz and (Bisnow co-founder and namesake) Elliott Bisnow will break ground this summer on a public village two years after buying land in the "backwater," where plans for a traditional ski resort had tanked along with the global economy during the Great Recession.
Enter Summit Series, the young Bisnow's conference-hosting company whose events have featured talks by the likes of Bill Clinton and Richard Branson. Summit bought the Eden land in 2013 for a reported $40M thanks to crowdfunded investments from Branson, actress Sophia Bush and WPP Chairman Martin Sorrell, among about 50 other deep-pocketed fans of the company. Now, an enlightened ski resort is set to rise and will include "a vehicle-free Main Street lined with farm-to-table restaurants and pop-up stores and co-working spaces and second-story condos." There will also be 500 homes and cottages, all built with sustainability in mind.