Plans continue for arts and culture district
Council receives more information on Bonanza Park East purchase
July 14, 2017
Staff presented four items involving the purchase of a Bonanza Park parcel at the Thursday night Park City Council meeting: Consideration to approve a letters of intent between Park City Municipal and the Kimball Art Center, and between the city and Sundance Institute; an ordinance establishing a 1 percent Municipal Transient Room Tax, and a purchase agreement to buy the 5.25-acre parcel. All four were continued to the July 20 meeting.
Nate Rockwood, Capital, Debts and Grants Budget Manager for Park City Municipal, presented the process and funding mechanism of the propose arts and culture district.
Park City Municipal, Sundance Institute and Kimball Art Center will participate in joint discussion and design of the district via a Master Planned Development. After the Sundance and Kimball purchase their lots from the city to develop, the city will have approximately 3.25 acres left.
The letters of intent from Kimball and Sundance did not generate any discussion, other than a few comments from the public in support of the agreement.
The city will build and manage parking for the area, without cost-sharing. Governance of the area, whether an HOA or board, is still to be determined, according to Rockwood.
Once approved, the Municipal Transient Room Tax effective date will be Jan. 1, 2018 and the Bonanza Park East property closing is expected before Jan. 31, 2018. According to Rockwood, the partners anticipate completing the planning process within a year. "We hope the groundbreaking on this could be in 2019 or 20," he said. "That's the timeline that we're looking at. There's a whole lot of process to work through."
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Patrick Fannon, who owns two companies in the affected area, Skis on the Run and Switchback Sports, spoke during public input. He was positive about the creation of the arts and cultural district. "As we're all drinking from the fire hose, I want to help any way I can. I think this is a great opportunity and I look forward to how this plays out," he said.
Greg Gendron, president of the Park City Lodging Association, also hoped to be a part of the conversation as the project went forward.
"We're certainly aligned with this project and think it's a great vision," he said.-
One consideration from the lodging association perspective was future representation on how the money from the new transient room tax be spent. "Consider some sort of commitment to ensure that the entity that is actually being taxed, has some representation. We'd like to keep the dialog open in the next week to see if there is any opportunity for some portion of those dollars, not only during the 15-year bond but certainly in year 16 that are allocated to the benefit of the lodging community," he said.
The Park City Council is slated to vote on these items during the July 20 meeting. General meeting starts at 6 p.m.
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