Oct 24, 2024
Summit County residents will finally have the chance to voice their opinions about a devlopment proposal near the Park City Tech Center after months of anticipation.The County Council is moving forward with its timeline to renegotiate a potential development agreement with Dakota Pacific Real Estate in the Kimball Junction neighborhood as officials hone in on clarifying the final elements of a plan intended to bring community benefits to the area, setting a public hearing for 5:30 p.m. on Thursday, Nov. 7, at the Newpark Hotel.County Council Chair Malena Stevens said officials will spend about 15 minutes explaining the details of the project. There’s the developer’s proposal to build affordable apartments and single family homes on land behind the Skullcandy building as well as a concept for a public-private partnership that could include an assisted care facility, civic space, retail businesses, underground parking, a new transit center, a public library and public gathering spaces such as an amphitheater. Then feedback will be collected for the remainder of the meeting. It will be the first time the community has been allowed to comment about the proposal on the record. The County Council planned to hold a public hearing earlier this year, but it was regularly pushed back between protracted discussions and multiple counter proposals.Eventually a subcommittee formed in the spring, and the conversations moved behind closed doors. Specific elements of the public-private partnership were unveiled last month.Steve Borup, Dakota Pacific’s director of commercial development, met with the County Council on Wednesday to explain some additional details of the proposal including the phased approach to building 750 units and the likelihood of state funding being allocated.Borup suggested staggering how units are built based on a milestone or a certain amount of time. He said Dakota Pacific couldn’t allocate design funding without first knowing the occupancy plans because the initial 80%-90% of units primarily recoup the upfront costs of the project, and that does not generate a profit for the land venture.The phased release would be based on the early stages of construction, not just when development starts or when units become occupied. Full occupancy typically takes two and a half to three years after a project receives entitlement approval.Milestone one is estimated to happen in December, if the County Council approves the revised development agreement. Dakota Pacific would build up to 170 units of affordable housing at that point with full occupancy expected in 2027.The next phase can start when the S.R. 224 project is added to the Utah Department of Transportation’s Statewide Transportation Improvement Program (STIP) list. Borup estimated that could happen in 2025 if the momentum to collaborate and find a solution for the corridor continues. He said state officials might be compelled to advance the project if housing is built near a transit center, such as is proposed in the public-private partnership.If that happens, 170 more units would be built, with full occupancy predicted between 2027 and 2028. The same number of units would be greenlit in 2026 and 2027 after the project has been on the STIP for one to two years. Full occupancy is estimated around 2028-29 for the first wave and 2029-31 for the second. Development would stop after the first milestone if the S.R. 224 project never makes it onto the STIP.“The worst thing that happens is we end up with 170 affordable units, and that’s all that would be released at that time,” Borup said. He estimated around half of the total 250 designated affordable units would be built by the third milestone.When construction on S.R. 224 is about halfway complete, 70 units could be constructed. Borup wasn’t sure what year that might happen. There’s also a chance for 90 units of deed-restricted senior housing to be created if an assisted-living facility isn’t feasible in the area. Those units would be taken out of the developer’s count. A timeline shows the proposed scheule for the public-private partnership with Dakota Pacific. Credit: Summit CountyThe county is also considering building its own housing in the area as part of the public-private partnership, which could increase the total unit count to around 915. No information was shared on when those might be built.STIP funding is crucial for Dakota Pacific to eliminate some of the risks, according to the development firm. Once that happens, there’s an assurance the project will move forward despite any changes in the timeline.County Councilor Roger Armstrong advocated for Summit County and Dakota Pacific to work together with UDOT to ensure the most substantial improvement project moves forward. County staff prefers widening the roadway and building an overpass to connect the two sides over other alternatives proposed by the state like building a split diamond interchange to divert traffic. However, it’s unclear whether the design will be amended. UDOT staff plans to give a formal presentation this winter, and a final decision could be made next summer.The public-private partnership could cost Summit County $39 million. Podium parking is estimated to be $20 million, a transit center $11 million and a pedestrian footbridge $4 million. Officials are considering several funding sources to pay for it.Other expenses would be split with Dakota Pacific, but the County Council wanted a better understanding of what that cost breakdown looks like and how some of the square footage was being used.Once the details are worked out and public comment is taken, the Summit County Council can vote on the proposal. That could happen by the end of the year based on the current timeline.The post Summit County residents invited to provide feedback about Dakota Pacific proposal appeared first on Park Record.
Respond, make new discussions, see other discussions and customize your news...

To add this website to your home screen:

1. Tap tutorialsPoint

2. Select 'Add to Home screen' or 'Install app'.

3. Follow the on-scrren instructions.

Feedback
FAQ
Privacy Policy
Terms of Service