This information is shared by Barbara Blackmer, resident OA Board Member, at the developer's request. As soon as additional information becomes available, it will also be posted here.
Dear SunCrest Residents,
How about some fairly good news this time? I am able to let you know that there is a seriously interested developer working out an agreement with Zions Bank to purchase the SunCrest development.
The developer is being quite thorough in doing all due diligence, studying the financials, reviewing what CCMC does for us, pursuing what the developer's obligations would be should they finalize purchase, and aware of resident concerns. I understand their goal is to "help turn this beautiful place around and reach its full potential," with some anger towards those who in the past have tarnished the name of "SunCrest" -- such an amazing place.
I have not yet met with this developer (I think it's more than one person), but I'm hoping to do so soon. We are trying to get more information from Zions Bank. At this point, Tod Bean (community manager) is unable to provide any more information, either. But this serves as a "heads up" and possibly a ray of hope.
Have a great weekend! and feel free to share this information with your neighbors. It's limited, I know, but I wanted to share with you everything I have so far.
Barbara Blackmer
Homeowner representative and
Trustee on the Owners Association Board
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