I decided to go to Utah last week and check on the property that WSCG earmarked for the joint venture. I will say that I was impressed.
When I arrived, the first time, there was an event just getting started - people directing traffic, parking lots filled. Maybe a graduation? Not sure. I poked around quickly and then drove around the property and the neighborhood.
1. Property looks like they are about to start construction. There were several excavators, dirt haulers, trailers, and a bobcat. It was a weekday, but nothing was happening - likely due to the event.
2. Looks like there is an operating golf course on the property earmarked for the JV. The golf course was hopping. Only potential source of income right away. No idea what financial arrangements they have.
3. Second nicest section of land was in the back of the college near the road. There was a lake at the edge of the property and enough land to put apartments, another college building, or maybe a parking garage?
4. Across the street from the college was a nice piece of land that currently had a few trailers. Some of the land looked recently cleared.
5. The area of the college seemed to be upper class. Incredible mountain view, a small lake, and housing around the area was upper middle class.
The college was not huge, but still impressive. We tried to stay out of the way, but poked around a little. You can tell that they didn't skimp in building this project.
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