Park City Planning Commission Chairman Adam Strachan with a recap from last night’s meeting
Park City Planning Director Bruce Erickson with an update on Treasure at Wednesday’s meeting.
Bruce starts at around 1:40 minutes into the segment.
Park City taxpayers, in November, will vote on a $24 million bond initiative which would be used to buy down the size of the Treasure Hill project. On Wednesday, Park City 2, LLC presented an outline of their revised development plans and the Planning Commission is encouraged with what they see. Carolyn Murray has this:
Assistant Park City Manager Matt Dias has a preview of the agenda for Thursday’s city council meeting.
The Park City Planning Commission will take up the revised Treasure Hill proposal at its Wednesday meeting. But although public comments are invited, there are still no specifics to comment on. Leslie Thatcher tells the story:
Park City officials on consecutive days this week are scheduled to discuss a reworked idea for the Treasure development proposal, continuing a fast-paced set of discussions as the sides attempt to make critical decisions about the long-disputed project.
City Hall and the Sweeney family in late 2017 reached an agreement calling for the municipal government to acquire the family’s 50 percent stake in Treasure and for the other side of the Treasure partnership, a firm known as Park City II, LLC, to rework the remainder of the project. The deal with the Sweeney family is priced at $30 million, and a ballot measure would be required to raise $24 million of the overall price.
The Park City Planning Commission on Wednesday is scheduled to address Treasure starting at 5:30 p.m. in the Park City Council chambers at the Marsac Building. A hearing is planned. On Thursday, meanwhile, the City Council is slated to discuss Treasure and hold a hearing at a meeting starting at 6 p.m. Members of the Planning Commission are expected to attend the City Council meeting.
The meetings this week are anticipated to focus on a redesigned project that would be pursued should a ballot measure pass. The Treasure proposal as of now involves upward of 1 million square feet and is envisioned as a major resort hotel. A redesigned project would be scaled back to include a boutique hotel and 18 houses. The project would remain on a hillside overlooking Old Town along the route of the Town Lift.
Park City officials are on a tight time frame to decide about moving ahead with a settlement agreement for the Treasure Mountain project. But Steve Joyce, who has reviewed the development as a planning commission member and is now on the city council, says he’s cautiously optimistic. Rick Brough has more:
Park City Planning Director Bruce Erickson has a preview of Wednesday’s planning commission meeting. Bruce starts at 17:45:
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.
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Park City Planning Commission Chair Adam Strachan has an update from Wednesday’s meeting on Treasure Hill’s new smaller development plans.