Park City & Deer Valley

Summit County & The Canyons Launch The Canyons Golf Course

Golf Course has Estimated Completion Date of August 2013

Summit County, UT At a much-anticipated ground breaking on September 21, 2010, Summit County and The Canyons jointly announced the launch of construction on a long-planned golf course at The Canyons Resort. Elected officials, dignitaries, and staff from Summit County, The Canyons, Talisker and the Resort Village Management
Association gathered to celebrate the beginning of construction on The Canyons Golf Course, and praise the cooperation among these organizations as well as the property owners that made the golf course project a reality.

The golf course has been planned since Summit County approved a development plan for The Canyons area in 1999, and was originally expected to be open by 2002. A change of County government in 2009 and the purchase of The Canyons by Talisker Corporation in 2008 facilitated renewed effort to complete the golf course project. Officials
say the timing of the project has allowed for a masterful project plan.

"Since we bought The Canyons two years ago, we, together with Summit County and the RVMA, focused on alternative solutions to the obstacles of the past. With great cooperation, we all succeeded and now we move forward to get the golf course built," said Jack Bistricer, CEO of Talisker, owner of The Canyons. "Together with the new trails,
fantastic new lifts, restaurants and snowmaking, The Canyons is well on its way to becoming one of the very best all-season mountain destinations in the country."

The course will be constructed by The Canyons Golf Club, LLC, beginning in September, 2010 and is expected to be completed in August of 2013.

"We got it done. A golf course will make The Canyons a four season resort," said Summit County Manager Bob Jasper. "This project would not be possible without the outstanding cooperation of this community of individual land owners, the RVMA, and the leadership teams at Summit County and Talisker."

The environmentally sensitive 18-hole golf course, designed by award-winning golf course designer Gene Bates, will be open to the public. It is expected to be a significant asset to Summit County, increasing the year-round appeal for tourists to visit the area and providing additional recreational venues for residents. Although The Canyons has
generated strong winter season tax revenue for many years, economic analysis dictated that a golf course was essential to create a four-season mountain destination. County leaders hope the construction of the golf course will contribute to economic momentum for the County to include increased visitation and tax revenues, and Summit
County jobs.

Summit County is an 1880 square-mile region known for the quality and variety of its natural environment, recreational and cultural identities. With a population of approximately 40,000 spread over three distinct geographical areas, Summit County is a partnership of small communities that make up a richly diverse region blending agriculture, ranching, and tourism.

The Canyons, a Talisker mountain destination, offers 4,000 acres of exceptional skiing and snowboarding terrain, 176 trails, 5 world-class lodging properties including 35,000 square feet of flexible meeting space and a variety of dining options. Salt Lake City International Airport is just 35 minutes away and provides unparalleled access from anywhere in the world.

For More Information on Park City and Deer Valley Contact:
Michael Lapay
Prudential Utah Real Estate
Mobile: 435-640-5700
Toll Free: 888-410-7653

mlapay@pureparkcityrealestate.com

*This information is subject to change without notice. Buyer is responsible to verify the accuracy of all information to the Buyers own satisfaction.

Talisker has Teed up the Construction

of a Much-Anticipated Golf Course at Canyons

Links Important as Ski Area Transitions to an All-Season Resort

Talisker has teed up the construction of a much-anticipated golf course at Canyons.

Speaking at a groundbreaking event Tuesday morning, Canyons Managing Director Mike Goar said he expects golfers to begin playing the course in 2013.

"Technically, the golf course construction is underway and will be underway in earnest next spring," Goar said. "It's been a long time coming, a lot of hard work by a lot of people."

The proposed links were supposed to open in 2002. Property owners came together in the late 1990s to form The Canyons Specially Planned Area. Included in the development agreement was an 18-hole golf course, which some landowners promised to build in cooperation with each other.

Sun Peak resident Brenda Hall said she blames bickering and legal wrangling among the landowners for holding up the start of construction.

"We have been owners in Sun Peak on the golf course for 12 years and before we even bought the house there were rumors of the golf course," Hall said in an interview before Tuesday's groundbreaking. "The obstinance of property owners around this golf course is the biggest single factor that has delayed this course."

The Canyons golf course will be open to the public. Hall said more public courses are needed in the Park City area.

"You can't just say this is another golf course," Hall said. "We desperately needed this golf course."

Canyons was owned by American Skiing Company when construction of the golf course was supposed to begin. Today Talisker owns the ski resort. But American Skiing Co. worked with landowners and county officials more than a decade ago to form Canyons.

"Great thanks to those 12 years ago who had the vision to create a golf course here," Talisker founder Jack Bistricer said at Tuesday's groundbreaking. "A lot of people put a lot of effort into this."

Famed designer Gene Banks has been tapped to oversee construction of the golf course, Bistricer said.

"They have promised that this is going to be a great course," Bistricer said. "It's all part and parcel to creating a mountain resort that is all season."

Except for holes 13, 14 and 15, the proposed course is envisioned mostly north and west of Canyons Resort Drive, which is the ski area's main thoroughfare.

"When the first thought about a golf course at the Canyons surfaced, I thought this would be a great opportunity And then 10 years later nothing had happened," Banks said. "I believe that we'll exceed everyone's expectations."

Tuesday's ceremony happened near the edge of the proposed ninth hole, a 380-yard drive that starts northwest of Waldorf Astoria Park City. Hole 10, a roughly 500-yard par 5, will sit higher on the mountain.

"It's going to be quite exciting," Banks said.

Meanwhile, the new golf course could also create jobs for people living in Summit County.

"This is about golf, but it's also about short- and long-term economic development," Summit County Manager Bob Jasper said. "Jobs and a viable economy now is what's important to our citizens What you really have now is the ability to move forward and develop the Canyons in a reasonable way."

With the course in limbo, selling real estate at the resort was difficult, Realtor David Lawson said.

"From a real-estate standpoint, people have been waiting for this golf course to buy at the Canyons," Lawson said in an interview at Tuesday's groundbreaking.

For More Information on Park City and Deer Valley Contact:
Michael Lapay
Prudential Utah Real Estate
Mobile: 435-640-5700
Toll Free: 888-410-7653

mlapay@pureparkcityrealestate.com

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For More Information on Park City and Deer Valley Homes Contact:
Michael Lapay
Prudential Utah Real Estate
Mobile: 435-640-5700
Toll Free: 888-410-7653

mlapay@pureparkcityrealestate.com



*This information is subject to change without notice. Buyer is responsible to verify the accuracy of all information to the Buyers own satisfaction.

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For More Information on Park City and Deer Valley Homes contact:

Michael Lapay
Prudential Utah Real Estate
Mobile: 435-640-5700
Toll Free: 888-410-7653

mlapay@pureparkcityrealestate.com