Treasure Hill

Park City Attorney Mark Harrington made a special announcement at Thursday’s City Council meeting.

“So, as of yesterday, March 20, the city is proud owner of a little parcel in Old Town called Treasure Hill.”

Voters approved the $48 million Treasure Hill and Armstrong/Snow Ranch Pasture open space bond in November 2018, with $45 million of that designated for the purchase of Treasure Hill. Harrington says Budget Manager Nate Rockwood and the Park City Budget Department secured the bond financing on February 20, at a 2.43% interest rate.

Park City Municipal

The Park City Council is considering two measures that will authorize the issuance of $80 million in bonds Tuesday. KPCW’s Emily Means has more.

Park City Municipal

With a vote of 77% for and 23% against, the Park City Open Space Bond has passed.  Preliminary election results from the Summit County Clerk's office show 2,839 Park City residents voted for the issuance of the bond and 836 voted against.

$45 million of the $48 million-dollar bond will go towards buying out the Treasure Hill development. The proposed project has been discussed and debated for more than three decades.

Park City Municipal

  Park City Council took a vote Thursday, capping off months of discussion--and controversy stretching back over 30 years on the Treasure Hill property.

The council approved a Resolution, putting a Bond before the voters this November for $48 million to acquire the Treasure hillside and exclude any residential and commercial development. The sum also includes $3 million to help acquire a conservation easement for the Snow Ranch Pastures.

Park City staff presented council with their bond resolution recommendation for the purchase of Treasure Hill and an easement for the SNOW Ranch Pastures at Thursday’s meeting. The public showed up to give their input about it. Melissa Allison has more:

Utah Open Lands

Park City budget managers are looking for direction from the city council whether two open space purchases – totaling $48 million should be combined for the November election.

Assistant city manager Matt Dias says they’ve found another $2.7 million in reductions that can lower the Treasure Hill and Armstrong Bond amount to $48 million.

At their last meeting the Park City Council gave some indication of the figure they would support for the Treasure Mountain bond on next November's ballot. Rick Brough has more:

The Park City Council meets this week and next before it finalizes next year's no-tax increase budget. The issue council must decide Thursday is how much the bond should be when residents vote in November whether they want to purchase the Treasure Hill development for $64 Million. Leslie Thatcher has this update:

  A panel discussion on the proposed bond to buy out the Treasure Hill project brought out 60 people Tuesday evening. 

The panel addressed many of the frequently-asked-questions about the project and responded to comments from the audience. Rick Brough has more:

Park City May Pay $64 Million For Treasure Hill Land

Jan 25, 2018

Park City may be adding more open space if residents approve yet another bond for about $50 million to buy the Treasure Hill development property. That means no blasting, no excavation and no construction trucks, just vacant land the city would then protect.  Melissa Allison updates the story:

Park City Mayor Andy Beerman would agree that life can certainly turn on a dime. Wednesday morning the city got a call from the Treasure Hill land owners saying they had an offer the city wouldn’t want to miss: a chance to buy the entire property. If the city can negotiate a deal, that would mean no roads, no houses and no boutique hotel... just open space. Melissa Allison breaks this big story:

The proposed Treasure Hill project settlement agreement is on the calendar again this week, with the Park City Planning Commission considering it at a special Wednesday meeting.  Rick Brough caught up with Mayor Andy Beerman for a status report:

Local News Hour - January 12, 2018

Jan 12, 2018

Trent Meisenheimer leads off today’s program with the Utah Avalanche Center forecast. Park City Planning Commissioners Melissa Band and Preston Campbell react to the latest Treasure Hill plans. Park City Mayor Andy Beerman recaps Thursday night's city council meeting. Finally, Peace House Development Director Sally Tauber and Jorden Saxton, clinical intern, describe an upcoming outpatient group that addresses reducing shame after a domestic or sexual abuse or even a past childhood abuse.

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:

THINC Park City

Park City officials are on a tight time frame to decide about moving ahead with a settlement agreement for the Treasure Hill 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: