Mountain Shadows Resort to reopen?

Jun 12, 2012, 6:27 AM | Updated: 6:28 am

PARADISE VALLEY, Ariz. — A popular Valley resort that’s been closed for eight years may soon make a comeback.

Mountain Shadows Resort on Lincoln Drive was once one of the jewels of the Valley. Some people may remember it as the place where the Monkees stayed when they came to Phoenix for a show at Veterans Memorial Coliseum. It was one of the hot spots for Hollywood celebrities to hang out in the Valley.

Then Marriott sold it to Crown Development eight years ago, while Crown was working on another resort just down the street.

“About the time Crown finished the Montelucia resort, the economy was in full recession,” said Paradise Valley Mayor Scott Lemarr.

“Even though they worked for a significantly long period of time, they never got the re-entitlements done for Mountain Shadows in time to take advantage of the markets.”

Now, Crown Development wants to get Mountain Shadows back in shape and re-open the resort. It acknowledges that its $32 million loan for the property is in default, but Lemarr said it has a partner that can operate the resort.

“They have brought in the Solage Resorts, a joint-venture partner who is in the development business,” he said.

Lemarr said plenty of people would like to see the place open again.

“You have a bank that hasn’t been paid for awhile, an owner that’s been there for eight years and the town would like to see it develop because we would like to have the bed tax and sales-tax revenues that we used to enjoy there,” he said.

The Paradise Valley Town Council has had several meetings with Crown on the matter, and Lemarr said they are about halfway through the process of getting the redevelopment of the property approved.

A vote on whether to approve the project could happen in September.

Lifetime Windows & Doors

We want to hear from you.

Have a story idea or tip? Pass it along to the KTAR News team here.

Arizona News

(Phoenix Police Department Photo)...
KTAR.com

Phoenix police asking for public’s help to locate vehicle from weekend shooting

The Phoenix Police Department is asking for the public's assistance to help find a vehicle driven by suspects allegedly involved in a fatal shooting over the weekend.
15 hours ago
(City of Mesa Photo)...
SuElen Rivera

Renovated viewing area opens at Falcon Field Airport in Mesa

Visitors at the Falcon Field Airport in Mesa can now observe aircraft through the renovated viewing area next to the terminal building.
15 hours ago
(Phoenix Fire Department Photo)...
KTAR.com

Valley firefighters called to over a dozen fires overnight

Firefighters in at least five Valley cities responded to more than a dozen fires starting in the evening of Fourth of July and leading into the morning, authorities said.
15 hours ago
(City of Chandler Photo)...
SuElen Rivera

Chandler grants construction company $5.8M to rebuild city’s busiest fire station

The Chandler City Council on Wednesday approved nearly $5.8 million in funding for a construction company to rebuild the city's busiest fire station. 
15 hours ago
A customer displays some marijuana he just purchased at a RISE dispensary in Bloomfield, N.J., Thur...
KTAR.com

Curaleaf Dispensary workers become first in Arizona to vote yes for union

"Budtenders" at a Curaleaf Dispensary voted 13-to-6 in favor of unionizing on Thursday, the first in Arizona to join Cannabis Workers Rising.
15 hours ago
(The Lion King Broadway Musical Photo)...
KTAR.com

Broadway musical ‘The Lion King’ comes to ASU Gammage for July

This month, Broadway musical and Disney fans alike will get the chance to see "The Lion King" at ASU Gammage in Tempe.
15 hours ago

Sponsored Articles

...
Dr. Richard Carmona

Great news: Children under 5 can now get COVID-19 vaccine

After more than two years of battle with an invisible killer, we can now vaccinate the youngest among us against COVID-19. This is great news.
...
Carla Berg, MHS, Deputy Director, Public Health Services, Arizona Department of Health Services

Vaccines are safe if you are pregnant or breastfeeding

Are you pregnant? Do you have a friend or loved one who’s expecting?
...
Carla Berg, MHS, Deputy Director, Public Health Services, Arizona Department of Health Services

ADHS mobile program brings COVID-19 vaccines and boosters to Arizonans

The Arizona Department of Health Services and partner agencies are providing even more widespread availability by making COVID-19 vaccines available in neighborhoods through trusted community partners.