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Stock impact report

Posh Utah Ski Resort Seeks $300 Million of Muni Debt for New Development [Yahoo! Finance Canada]

Piper Sandler Companies (PIPR) 
Last piper sandler companies earnings: 5/1 08:04 am Check Earnings Report
Most Read from Bloomberg A five-minute drive from Park City, Utah, and under an hour away from the nearest international airport, a new development is expected to more than double the resort's ski terrain with an additional 3,700 acres, 16 new lifts and a 10-passenger gondola. A special district designed to fund public infrastructure is expected to borrow $300 million of high-yield municipal debt on Wednesday to support the resort. Proceeds of the bond sale will finance projects related to the development's new addition called Deer Valley East Village. The project, under a partnership between skyscraper builder Extell Development Co. and resort owner and operator Alterra Mountain Co., will be North America's first luxury alpine village to be developed in more than 40 years. It will feature eight hotels, more than 1,200 condominiums, as well as nearly 500 estate homes, townhouses and chalets, plus 250,000 square feet of retail and commercial space. Extell has teamed up with Fo Show less Read more
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