Treasure negotiations nearing another deadline

Major movement seems unlikely by the fast-approaching date

Jay Hamburger The Park

The long-running negotiations between City Hall and the Treasure partnership about a conservation deal appear on the verge of collapsing, a scenario that could result in the partnership pressing forward with a polarizing development application after more than 18 months of conservation talks.

The two sides set in December set a March 19 deadline, next Monday, for the current round of negotiations. It seems certain that no agreement will be reached by Monday. It is also highly unlikely an extension to the March 19 deadline could be negotiated by that date since the Park City Council does not meet this week.

The most recent movement in the Treasure talks came in late December as the partnership delivered to City Hall a nearly $93 million price tag for a complete buyout of the development rights on the hillside acreage on the slopes of Park City Mountain Resort overlooking Old Town. Park City leaders rejected the price.

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