Park City Council green-lights $30 million dollar partnership with Deer Valley Resort.
While leaders in the business and tourism community lauded the project through letters of support and public comment many residents raised concerns about the speed of the approval and the closed door negotiations of the $30 million dollar partnership.
PARK CITY, Utah — In a landmark decision, the Park City Council unanimously approved a public-private partnership with Deer Valley Resort at the last City Council meeting of the year on Thursday, Dec. 14. This partnership paves the way for the redevelopment of the Snow Park Base and includes a $30 million dollar regional transportation facility, that may include affordable housing. According to the Letter of Intent Park City Municipal Corporation and Deer Valley Resort will both contribute $15 million dollars to the facility with the option to bring in other partners as long as they contribute a minimum of $5 million to the project.
“As we gear up for another Winter Olympics, it’s crucial to build a Park City capable of facing future challenges. I am grateful for Deer Valley’s commitment as a community partner and thank our residents for their active engagement in this complex matter. Your voices are vital as we progress,” said Mayor Nann Worel.
Key components of the agreement, as outlined in the Letter of Intent, include:
- $15 million from Deer Valley with an equal $15 million match from Park City, for a regional transportation facility, which could potentially include affordable housing.
- A 20% reduction in day skier parking at Deer Valley, aiming to lessen traffic congestion during peak periods.
- The establishment of a gondola network linking the Mayflower area of U.S. 40 to Snow Park.
Following this council approval, the project will be revisited by the Planning Commission for further review and consideration.
Contact us for more information about the Mayflower expansion.