What can the town of Park City do to fix this mess? Vail Resorts’ soon-to-open employee housing complex at the Canyons Village will certainly help, but it’s not enough. They could also try capping the number of short-term rentals or have future home buyers contractually agree to not rent it out, but I’m not sure how feasible this would be. One thing the city should look into is the proposed Brown Ranch project, which is aiming to add thousands of affordable housing units to Steamboat Springs. Unfortunately, I think the continued growth of luxury units and short-term rentals in Park City is likely to continue.
Out of the nearly 1.2 M housing units ~19k are short-term rentals. Their share is disproportionally impacting out state’s housing stock #utah #utpol #utecon
See the @KemGardnerInst latest https://t.co/PeLK7bJFdb pic.twitter.com/Qm11UFK5dY
— Dejan Eskic (@EskicDejan) June 29, 2022
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