Category Archives: Treasure Hill News

THINC Supports Total Buy-Out of Treasure

http://kpcw.org/2011/08/thinc-supports-total-buy-out-of-treasure/

A less expensive option is available allowing some development at the site

by Jay Hamburger OF THE RECORD STAFF

A conservation deal that would altogether eliminate the prospects of development on the Sweeney family’s prized Treasure land overlooking Old Town could cost City Hall nearly $50 million, a dollar figure that would top the combined value of the three conservation bonds Park City voters have passed since the late 1990s.

The Treasure figure — $48 million — was made public at an open house on Tuesday night. The number had been closely guarded by City Hall and the Sweeney family until people arrived at the event. The dollar figure that would be attached to a conservation deal encompassing all of the family’s longstanding development rights at the site had been the most anticipated detail yet to emerge from City Hall-Sweeney family negotiations.

For the rest of this article please go to:

http://www.parkrecord.com/ci_18577947

http://kpcw.org/2011/07/treasure-hill-open-house-scheduled/

City Hall and the Sweeneys plan to reveal dollar figures next week

by Jay Hamburger THE PARK RECORD

City Hall and the Sweeney family next week intend to reveal the price tags attached to conservation deals for all or part of the family’s Treasure land, dollar figures that will likely be of great interest in a community that could be asked to finance a deal through a ballot measure.

Both sides declined to discuss the numbers late last week. The amount of money that will be attached to a conservation deal has been the most anticipated detail yet to emerge from the long-running talks between negotiating teams from City Hall and the Sweeney family.

For the rest of this article please go to:

http://www.parkrecord.com/ci_18531465

The concept could prove to be a breakthrough, but detailed studies are needed

by Jay Hamburger OF THE RECORD STAFF

Posted: 04/29/2011 04:43:23 PM MDT

Negotiating teams from City Hall and the Sweeney family are eyeing a piece of ground close to the base area at Park City Mountain Resort as a potential spot to shift some of the family’s Treasure development rights, a location that had not been previously discussed publicly and one that could offer a long-sought breakthrough in the Treasure talks.

For the rest of this article please go to:

http://www.parkrecord.com/ci_17960136

Small percentage of Treasure included, but effects on Old Town could be dramatic

by Jay Hamburger OF THE RECORD STAFF
04/01/2011

Park City leaders Thursday created a program allowing some landowners to shift the development rights attached to their ground to another spot in the city, agreeing to a wildly altered version of a concept that had been under consideration at the beginning of the talks late last year.

The Park City Council vote was unanimous and involved a series of pieces of ground. Some of the parcels are known as ‘sending zones,’ or places where the development rights could be shifted away from, while others have been dubbed ‘receiving zones,’ or places where the rights could be shifted toward.

For the rest of this article please go to:

http://www.parkrecord.com/ci_17753618

He says success in up-and-coming district will boost Park City’s overall economy

by Jay Hamburger OF THE RECORD STAFF

Main Street over the years has fended off competition from Kimball Junction, Prospector and even a developer in the Snyderville Basin who wanted to call a street in his project New Main Street.

But the street now faces the prospect of a major development just outside of Old Town, in a place that is within walking distance of Main Street and easily accessible by road. The developer recently filed papers at City Hall to build more than 900,000 square feet of residential properties, commercial space and institutional buildings like medical offices in the Bonanza Park district.

For the rest of this article please go to: http://www.parkrecord.com/ci_17646561