This past Thursday, the Sundance Institute announced that it will be moving the Sundance Film Festival from Park City to Boulder starting in 2027. This is sad. Sundance has been based in Park City since 1981 and it's the largest independent film festival in the US. Last year (2024), it is estimated that it created 1,730 jobs for residents, contributed $132 million in GDP to Utah, and produced about $13.8 million in state and local tax revenue.

Here's what Park City Mayor Nann Worel had to say following the announcement:

“For over 40 years Park City wasn’t just the host of the festival, we were its home. We helped shape the identity of Sundance with our unique energy, our colorful people, our undeniable spirit,” Worel said. “The world came here for film, yes, but they stayed for something more. They stayed for the feeling this town gave them. So, yes, I’m disappointed. Deeply. I know many of you are, too.”

“To our community: We are not defined by one event. Our creative spirit is deeper than any single festival. And while Sundance may be leaving, Park City isn’t going anywhere,” Worel said.

As I understand it, Utah offered to nearly double the amount of funding that they provide to the arts festival. But that clearly wasn't enough. There's also speculation that the festival left because it had overgrown Park City and/or because Colorado is viewed as being more liberal. There are people in Utah who do not approve of some of the content shown at said festival. I have no idea as to the actual reasons. But I do think it's a real loss for Utah.

Cover photo by Spencer Davis on Unsplash

Our server at lunch today told us that the Grouse Grind hike should take us about 45 minutes. She also mentioned that she has seen some people attempt it in flip flops, but that she would strongly advise against that. That was sound footwear advice. But even sans flip-flops, it still took Bianca and I about an hour and a half.

The Grouse Grind is no joke. It is 850 meters of nothing but steps and steep incline. But it is well worth it.

I’ve heard that some people do “the Grind” for meetings and/or business development. In fact, Chip Wilson, founder of Lululemon, has said before that he uses it to vet potential partners. It’s a way for him to test cultural alignment. That makes a lot of sense when you consider what Lululemon is all about.

This exact approach — you know, doing “the Grind” — may not make as much sense for other businesses and industries. But it doesn’t change the fact that culture is critical within organizations. And as far as I can tell, the most effective way to cultivate it and test for alignment is to be face-to-face.

Back in 2008, Dasha Zhukova and Roman Abramovich hired starchitect Rem Koolhaas and founded a new contemporary art museum in Moscow called the Garage Museum. Supposedly this was the first philanthropic institution in Russia dedicated solely to contemporary art. (Here's a short video in case you're curious what it looks like.) After it opened, the founders apparently had a realization about the way people like to consume art. Yes, people like to look at art and ponder deep things. But it turns out that people also like just being around art and other art-like things. People started coming to the Garage Museum not only to view the various exhibitions, but also to just hang out.

This insight is now being used to inform a new real estate development company, also by Dasha, called Ray. The mission of the company is to create "architecturally-inspired homes at the intersection of art, culture, and community." Their first two projects are in Harlem and Fishtown, Philadelphia, but apparently they have something cooking in Miami as well. What Ray hopes to do is integrate art and culture in a more meaningful way through cultural programming, exhibitions in their buildings, artist studio spaces, and other creative ideas.

There's also an affordable housing angle. According to the WSJ, Ray's Harlem project is a joint venture with L+M Development Partners. I don't know any of the specifics of this deal, but I know L+M, because one of their founding partners, Ron Moelis, was a professor of mine in graduate school. L+M is focused on affordable and mixed-income housing and uses tools like the Low-Income Housing Tax Credit (LIHTC) to make these sorts of projects financially feasible. They aren't, otherwise. I learned all about them in school and I always found it to be a great way to get the private sector building affordable housing.

"Art and culture, community, and accessible pricing."