Park City approves open space status for landmark conservation acquisition. — Eric O’Keefe
Yoga Berra would have made a world-class real estate broker. Consider the following words of wisdom from the Hall of Fame catcher: “It ain’t over till it’s over.” Now let’s apply them to the 30-year saga of Treasure Hill in Park City, Utah.
Strategically situated above the historic Old Town district of the world-famous resort, the master plan for the Sweeney family’s 105-acre tract received the requisite approvals from the city fathers in the mid-1980s for more than 1 million square feet of mixed-use development.
What followed was three decades of bickering about everything from the amount of excavation to the construction traffic and the size of buildings.
In November 2018, the acquisition of Treasure Hill by the city for $64 million was put to a vote. Civic leaders saw it as the best route, and voters agreed. In July, zoning on the land was changed from Old Town and estate zonings, which permit development, to recreation open space zoning, which does not.
Yogi’s words of wisdom about this start-and-stop process? “If the world were perfect, it wouldn’t be.”
RELATED ARTICLES
Land Report Newsletter December 2010
As 2010 winds down, the upbeat tempo of the investment quality rural land market is …
King Ranch Purchases THE BOON from Alice Walton
King Ranch announced the purchase of THE BOON from Alice Walton and her Rocking W …
2014 Land Report 100: Emmerson Family
No. 3 Emmerson Family 1,860,000 acres Sierra Pacific Industries (SPI) was founded in 1949 by …
Five Data Points You Should Know Before Buying Farmland
Searching for farmland can be made far simpler with accessible, accurate land data. Land data …