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As well, said Rypkema in a lecture covered by the Steamboat Pilot & Today , buildings constructed today are designed to last 25 to 40 years, while the buildings they replace sometimes are more than a century old. Rypkema said the return on investment of new energy-efficient buildings do not start showing positive cash flows until 35 to 50 years after construction.
He also said that property in local historic districts appreciates more rapidly in value and, in economic downturns, decline less.
Estate on the market for $55 million
PARK CITY, Utah - A property at Park City's upper-crust Deer Valley resort has been put on the market with an asking price of $55 million. The property covers more than 63 acres and includes a 20,000-square-foot house plus the potential to build 22 other houses. The house, reports the Park Record, belongs to Jon Huntsman Sr., an industrialist and father of Utah Gov. Jon Huntsman Jr. The elder Huntsman is now spending more of his time in Driggs, Idaho, on the west side of the Teton Range.