Well, this is bad news.
Developer of upscale Draper neighborhood [Suncrest] files for bankruptcy protection
http://www.sltrib.com/business/ci_8894326
I'm hoping this doesn't hurt the area too much. It really is a nice area up there. Too bad for all the lawsuits and disputes with Draper combined with the downturn in the housing market to cause this.
I live down the hill from it at Traverse Mountain and hope this sort of thing doesn't happen there. Fortunately, TM is also investing in commercial properties (Cabelas, Outlet Mall, Challenger School, Office Buildings, etc), so I'm hoping that will be enough to weather the housing market challenges.
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