Park City told $24 million bond for Treasure may fail

Park City leaders on Thursday received testimony raising questions about whether voters later in 2018 would support a ballot measure to fund a deal to acquire a 50 percent stake in Treasure, illustrating continuing concern about the prospects of a bond that may be put to Parkites in November.

The idea that voters may reject what would be a $24 million ballot measure to fund most of the $30 million price tag has loomed over the discussions that have unfolded in recent weeks. A deal would hinge on the vote. Mayor Andy Beerman and the Park City Council on Thursday continued their discussions about Treasure, but some of the testimony from the audience seemed especially important as the public weighs the possibility of a ballot measure.

There have been sporadic mentions of a Park City School District bond rejected by voters as people cautioned City Hall officials that a ballot measure to fund a Treasure deal may not succeed. That topic was again broached on Thursday.

Steven Swanson, a Treasure critic, was one of the speakers on Thursday that noted the School District bond. He said the failed bond in the School District showed that an open and public process is needed. Swanson also said the School District learned that a “concentrated minority of voters” impacted the results.

“In 2015, the district found out by a resounding defeat of their bond. So, if we don’t want to repeat that, I suppose my biggest suggestion would be to open the process up as much as possible. I understand maybe that’s beginning. That’s a good thing,” Swanson said.

He added that Park City is a different entity than the School District, which stretches well outside the Park City limits to incorporate the Snyderville Basin as well. The mayor told Swanson officials want the Treasure process to remain as transparent as possible.

See link below for more on this article:

https://www.parkrecord.com/news/park-city-told-24-million-bond-for-treasure-may-fail/

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