Category Archives: Treasure Hill News

It’s the first planning commission meeting of the month which means Treasure is on the Agenda to talk more about mass, design and impact. KPCW’s Melissa Allison brings us the story.

http://kpcw.org/post/planning-commission-and-treasure-hill-meet-wednesday

The Treasure development partnership on Wednesday received another round of criticism, continuing what has been broad opposition to the disputed hillside project and leaving the partnership with, it seems, little support on the Park City Planning Commission.

The Planning Commission is likely months away from casting a vote on Treasure, but the meeting on Wednesday again highlighted deep-rooted concerns by panelists as well as people who live on nearby streets. The Planning Commission since the summer has held monthly discussions and hearings about Treasure, signaling repeatedly they have concerns about issues like the project design and the square-footage numbers. The panel continues to address those issues and will likely have additional trouble once they move onto other topics like the traffic Treasure is anticipated to draw.

The meeting on Wednesday, held at the Santy Auditorium at the Park City Library, drew a smaller crowd than other Planning Commission meetings that dealt with Treasure. The crowd appeared to be largely in opposition to the project, as has been the case at previous meetings.

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Treasure developers continue to encounter broad opposition

The Park City Planning Commission, continuing to consider the critical question of the square footage sought by the Treasure development partnership, did not appear to be close to making a determination at a meeting on Wednesday night as wide-ranging numbers were mentioned but not agreed upon.

The eventual decision regarding square footage will be one of the most important made by the panel since the number will heavily influence other Treasure discussions, such as those focused on traffic and building designs. The Treasure partnership seeks an approval for just more than 1 million square feet of development. That figure, though, has been challenged for years as critics argue that a 1980s overall approval granted for development on the Treasure land and nearby parcels did not envision a project of the size that the partnership wants approved.

The Planning Commission on Wednesday night was not prepared to make a decision on square footage, and not all the panelists offered detailed numbers. The two Planning Commissioners who provided potential square footages indicated the number could be less than the just more than 1 million square feet claimed by the Treasure partnership, which consists of the Sweeney family – the historic owner of the property – and a firm called Park City II, LLC.

Douglas Thimm, a Planning Commissioner, mentioned a square footage of perhaps 897,491 or 979,314. Laura Suesser, another Planning Commissioner, though, pegged the possible number at approximately 628,000. Suesser questioned the Treasure side’s calculations of a square-footage category that involves space needed to operate a high-end lodging property, known as support commercial. That category of square footage has been repeatedly challenged by critics of Treasure.

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Treasure numbers confound Park City panel

A real estate agent who works extensively on Old Town last summer sent a letter to homeowners on Empire Avenue mentioning the controversial Treasure development proposal as one of the reasons that the timing might be right to put a house on the market.

Empire Avenue is one of the streets closest to the Treasure site and is among the roads expected to be heavily impacted by traffic from the project. People who live on roads like Empire Avenue and Lowell Avenue formed the early core of the Treasure opposition, and the concerns about Treasure seem to be especially pronounced on those streets.

The letter, signed by Summit Sotheby’s International Realty agent Sean Matyja, is not dated. The one-page letter, addressed to “Empire Avenue Homeowner,” says it is an “opportune time to sell a home in Old Town.” The letter reviews the number of listings in Old Town and pricing data from pending and closed sales. It also covers an increase in prices in Old Town, quoting Park City Board of Realtors statistics.

“Old Town has enjoyed an accelerated growth in value over the last few years, and the big question now is do we still have room to grow or are we at a new peak,” the letter says. “With the impactful Treasure project back in the news, uncertainty in international economies, and a presidential election coming to an end this fall, this summer may be an opportune time to sell.”

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As Treasure looms, is it time for homeowners to sell in Old Town?