Development shifts could involve well-known parcels
March 8, 2011
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 receiving zones recommended by the Planning Commission are:
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.
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