Summit County’s contribution toward Bonanza Flats falls $1.5 million short
County had originally pledged $5.75 M
May 31, 2017
Summit County's contribution toward Park City's purchase of the Bonanza Flats acreage is $1.5 million less than what was initially pledged because the purchase is outside of Summit County.
In February, County Council members agreed to help finance the purchase of the long-sought acreage by pledging $5.75 million. The 1,350 acre tract of land is seen as a crucial piece of open space land in Wasatch County, downhill from Guardsman Pass.
Today, Wednesday, County Council members are scheduled to discuss and adopt a grant and open space agreement for $4.25 million. The agreements outline the funding mechanisms needed to generate the money and the partnerships between the county, City Hall and the Administrative Control Board of the Snyderville Basin Special Recreation District.
County Council members are expected to approve a $2 million Transient Room Tax grant, in addition to land transfers, including City Hall conveying all interests in the Triangle Parcel and Quarry Mountain to the county, amounting to $2.25 million.
"We are $1.5 million short, which is disappointing," said Park City Council member Andy Beerman. "We are incredibly appreciative of what the county has contributed, which is more than anyone else. We just wish we could have done the bigger deal. We are down to the wire now and this is getting tricky."
City Hall had reached a $38 million deal with the property's landowner to acquire the land as part of the city's open space program. Park City voters overwhelmingly approved a $25 million bond to fund most of the purchase, which closes on June 15. Utah Open Lands is currently leading the nonprofit coalition in private fundraising, along with the Summit Land Conservancy and Mountain Trails Foundation, among others.
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"We were closing the gap and this sets us back a little bit, but there is some hope and a couple of ways where we think we can fill that gap," Beerman said. "It puts us in an interesting place and does require us to scramble. But we think we have a couple of options."
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