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Building new lifts could be costly when it comes to cash-strapped mining business. It kept its plans on hold – and under wraps.

Building new lifts could be costly when it comes to cash-strapped mining business. It kept its plans on hold – and under wraps.

A business partner of Wallace’s paid a visit to the county recorder’s office in Coalville in the meantime.

“He discovered that probably 80 to 85 percent of the many (Park City Old Town) lots – home lots, and company properties, for that matter – had been on the market for fees. So he said, ‘You understand, i believe we could purchase a couple of those. If that which we do allows Park City rebound, that is likely to be some valuable property.’

Wallace stated he offered their partner the green light to invest $85,000 to $90,000 to purchase “several hundred” lots.

“after which we told my partner, we said, ‘You know, we’re employed by United Park Mines business, and I also think we owe it in their mind to allow them realize about this to check out when they want to purchase those, or several of those, lots.’ Well, they did.