‘Action’ yelled at Park City Film Studios
Park City Film Studios said Tuesday it has entered into a partnership with a financial backer and work at the Quinn’s Junction site is anticipated to move forward.
In a release, the film studios indicated an agreement was reached with Gary Crandall, a Park City-based developer. The Crandall family owns and developed Newpark Town Centre. Terms of the agreement were not released.
Greg Ericksen, the chairman of Park City Film Studios Development, LLC, said in a prepared statement his firm completed an agreement with a "financial partner/co-owner." Ericksen calls Crandall a "seasoned developer." The Ericksen statement did not provide details.
The release also indicates the construction firm building the project, Sahara, "was asked to advance the project forward," saying that it was "prudent to get paving down" for work in the winter.
"Upon completion of the paving we anticipate commencing construction at the prior pace barring any inclement weather," Clegg Mabey, the president and CEO of Sahara, said in the release.
Heavy machinery was seen working at the site late Tuesday morning.
In an interview, Crandall said changes are not planned at the studios. He said the studios will fit well into Park City.
"We just feel really lucky and privileged to be one part of it," Crandall said.
The project is under development on the southwest corner of Quinn’s Junction. The site is highly visible along the S.R. 248 entryway.
Work at the site halted on Sept. 9, the first stoppage at the project. Ericksen in September said the halt was "due to financial questions surrounding future tenants." Ericksen did not provide details. He said at the time the work was expected to resume shortly.
Ericksen did not immediately return a phone message seeking comment about the partnership with Crandall.
The Park City Film Studios is planned to anchor a 374,000-square-foot project. The developers have spoken of a hotel, entertainment center, international film school and digital media center at the site. A ceremonial groundbreaking was held in October of 2013.
The release indicates the first phase of the studios is anticipated to open in early 2015. It says Park City Film Studios are in talks with the film and television industries as well as television shows and the producers of games and commercials. An early 2015 opening would keep the project close to schedule. The developers have said at various points an opening was anticipated in late 2014 or early 2015, by the start of the Sundance Film Festival in January.
City Hall annexed the Park City Film Studios land and approved the development after a difficult process that involved at various levels the municipal government, the County Courthouse and the Statehouse. There was resistance from City Hall, but a slim majority of the Park City Council eventually determined it was best that the project was developed inside the Park City limits.
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A question was raised this week about the financial fortitude of a Provo developer that is pursuing a major project at the Park City Mountain Resort base area.