Now that the funnel that allows Jackson to prosper has been blocked, we can see more clearly than ever that our current model — housing the rich in one town, workers in another — is not sustainable.| June 20, 2024, 12:00 p.m.
On June 8, the highway over Teton Pass failed catastrophically, part of it collapsing into an impassable cliff of rubble. The failure made national news, and now you can spend hours on Facebook reading everyone’s opinions about what should be done. Calls for building a tunnel through the mountain are resurfacing, although the tunnel that was previously proposed would not have bypassed the section of road that failed.
Jackson residents have responded to the crisis with compassion and financial aid. Homeowners have opened their houses in Jackson, and many are allowing people to pitch tents in their yards. Businesses are offering parking lot space for RVs. Teton County, Wyoming, eased its temporary shelter regulations, and the daily commuter bus altered its schedule and waived its fees until June 30 to accommodate riders.
The average list price for a single-family home in Jackson reached $7.6 million at the end of 2022, according to the Jackson Hole Report. In the first months of 2024, 56 homes were on the market, with only three listed for less than $2 million.
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