Owners of the Treasure Hill Project and Park City Municipal Corporation announced a possible alternative to the proposed development at Creole Gulch and Mid Station. The purposed alternative will be contingent upon a voter-approved $24 million bond that would reduce development density by half.
If approved the agreement would provide the City’s acquisition of 50 percent of the project’s density, consisting of the entirety of the Sweeney family’s ownership in the property, by a voter-approved bond in November 2018, and a dramatic project redesign. The goal of the City Council is to immediately initiate a public process to consider approval of the settlement agreement no later than January 2018.
