These kind of situations are always interesting. Someone is going to come in and pick this golden plumb for pennies on the dollar. Then when the market turns around the cities and state will be forced to deal with the geological issues. The new developers are going to make a killing.
When prospective new residents from out of state first view these plots, they are dumbstruck by the sheer beauty of the views to be had right in the middle of a two million plus metro.
Bankrupt SunCrest Developers to auction assets June 11 - Bloomberg News
http://www.deseretnews.com/article/1...275269,00.html
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