Mountain metropolis' transformation into the new 'Silicon Valley' has fueled boom in luxury housing market
Salt Lake City, once an economy primarily based on agriculture and defense, has blossomed into a mecca for tech jobs with prime real estate to match. The city's transition into a modern economy has been in the works since the 1990s, but many argue the main catalyst for rapid development was when it was selected as the site for the 2002 Winter Olympic Games. In the years leading up to the international event, Utah went to work revitalizing its infrastructure, which to this day ranks among the best in the nation as evaluated by the American Society of Civil Engineers.
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