Park City may spend millions to reduce Sweeney Treasure Hill project

By Christopher Smart at The Salt Lake Tribune

The clock is ticking on an option to buy down the density of the proposed 1 million-square-foot Treasure Hill project adjacent to Park City’s historic district. But a citizens’ group claims that details of the deal remain too murky to put before voters.

In 1986, the Sweeney family was granted approval for a 415,000 square foot development on their land west of Lowell Avenue near Park City Mountain Resort’s Creole ski run. But several years ago, the family submitted the 1 million-square-foot proposal, which has not been approved.

Park City officials are conducting a survey to see if residents would support a $15 million bond to buy down 25 percent of the original Treasure Hill plan, which includes a luxury hotel, conference center, condominiums and retail space on 12 acres. The remaining 112 acres of Sweeney land would remain as open space.

The $15 million deal also would include moving another 25 percent of the building density north to land near Park City Mountain Resort.

But a group called Treasure Hill Impact Neighborhood Coalition, or THINC, says it isn’t clear whether the 50 percent reduction on site applies to the 1 million square foot proposal or the original one. They maintain the square footage in the deal hasn’t been specified.

For the rest of this article please see the link below:

http://www.sltrib.com/sltrib/news/52328122-78/million-park-square-sweeney.html.csp

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