Development shifts could involve well-known parcels | ParkRecord.com

Development shifts could involve well-known parcels

by Jay Hamburger OF THE RECORD STAFF

The talks on Thursday about City Hall creating a program allowing landowners to shift their development rights elsewhere are expected to focus on several pieces of ground, either ones designated as sending zones or ones that have been labeled as receiving zones.

The Park City Planning Commission recommended four places be designated as sending zones, or spots where development rights could be shifted away from, and two places be designated as receiving zones, which are areas where development rights could be shifted toward.

The sending zones recommended by the Planning Commission are:

  • The Sweeney family’s Treasure acreage on the slopes of Park City Mountain Resort and overlooking Old Town. The Planning Commission recommended 10 percent of the Treasure rights be included in the sending zone. The 10 percent figure encompasses 44,000 square feet of development rights.
  • The Alice Claim site off King Road, a small street in the upper reaches of Old Town
  • Two parcels on Ridge Avenue, another small street in the upper reaches of Old Town

    The receiving zones recommended by the Planning Commission are:

  • The Bonanza Park district, centered along Bonanza Drive and Kearns Boulevard
  • The Snow Creek commercial area

    The Planning Commission sees the development rights in the Treasure sending zone as being more valuable than the others. The recommendation includes a multiplier calling for each unit of Treasure that is shifted to be valued at two units in a receiving zone, meaning that 44,000 square feet of rights in the Treasure sending zone is worth 88,000 square feet in a receiving zone.

    The development rights in other sending zones would be valued at between .5 units and 1.25 units for each unit shifted, depending on whether lots have already been platted in the sending zones and the steepness of the ground in the sending zones.

    Recommended Stories For You

  • Go back to article