Mammoth Lakes in 2010
A condominium sold for a median of $280,000 — $424,410 in today’s money, 47% below where it stands now. The Mammoth Times ran 42 stories we can still read.
What happened
- Building & developmentMammoth development freeze (2010-2013)
New development stopped almost entirely — Snowcreek Creekhouse sat still, Clearwater/Old Mammoth Place stalled, and the Ritz-Carlton and "W" sites sat on lenders' books below replacement cost.
With no new units under construction, the supply will remain static.
Paul Oster Broker Report → - Town governmentMeasure U passes - utility users tax
Voters approved Measure U, a utility users tax funding mobility, recreation, and arts and culture, effective July 1 2011. Adopted by Council March 17 2010.
Town of Mammoth Lakes → - The mountainIntrawest exits Mammoth
After clearing its remaining Westin Monache and Woodwinds inventory, Intrawest closed its local brokerage and left the Mammoth market.
Part of the Mammoth new normal is the recent departure of Intrawest as an active participant
Paul Oster Broker Report → - Town governmentHot Creek / MLLA airport judgment against the Town
Mammoth Lakes Land Acquisition won a development-agreement breach verdict that became a final ~$30M judgment after appellate review, growing to ~$42M with interest.
the $30 million (now $42 million) judgment that is owed MLLA. Many potential real estate buyers are on the fence
Paul Oster Broker Report →
What the paper was writing about
Headlines only, linked to the Mammoth Times. We read the Internet Archive’s copies and cite the paper; the words are theirs.
- 01-08Owens Lake Solar project could fuel 10 percent of state’s power needs
- 01-08Smokeyard Barbecue latest eatery in Village
- 01-23New citizen dives into 2010 Census work in Mono County
- 01-30Felici Trio presents world premiere by California composer, double bass virtuoso Nico Abondolo
- 01-30Marine base near Bridgeport has biggest year in history
- 02-13Olympic Medalist Jimmie Heuga dies
- 02-26Mammoth’s Main Street visioning process starts
- 03-05A different rescue Saturday ends well for Mammoth woman
- 03-05Former alpine ski racer to appear at library
- 04-16Medical marijuana governing document goes to council
- 05-28Owens Valley monitoring decreases incidents of petroglyph defacement
- 06-04What’s a pretty lake like this doing with a name like that?
- 06-22One-week Spanish Intensive Institute offered again
- 06-22Summer music brings magic to the mountains
28 more stories from 2010 are in the corpus.
The ground
32 recorded earthquakes of magnitude 2.5 or greater in the Long Valley Caldera, the largest at M3.8.