The Treasure opposition group wants City Hall to put a ballot measure to voters that would finance the buyout of all the development rights on the acreage, the higher-priced option of the two under consideration.
The group, known as the Treasure Hill Impact Neighborhood Coalition, posted the position on its website in early August. It argues that the higher-priced option provides the best returns for the community.
City Hall and the Sweeney family are considering two options at the Treasure site. One would keep the land undeveloped through a conservation purchase. The other would reduce the scope of the project through a combination of a conservation purchase and a shift of some of the development rights to a spot uphill from the Park City Mountain Resort base area.
The price tag attached to a conservation purchase that would keep the land undeveloped could be $48 million. The other option could cost $15 million. In either case, City Hall would ask voters to approve a bond raising property taxes to finance a deal.
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