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Show Saturday, June 6, 1998 The Park Record A-15 Prospector Square reaching maturity Continued from A-13 more durable goods, their legal and dental services and go to get their mortgage services," he said. "Prospector Square is a solid, permanent business community." "iweniy-nve years ago, the newspaper, the lawyers, the dentist, den-tist, the hardware store and the grocery store were all on Main Street," Berrett observed. "But Main Street became too crowded, and most of those services moved out of the Main Street area. Many of them came to the Prospector Square area." Neither man saw Prospector as being in direct competition with Main Street for commercial properties. prop-erties. "Prospector Square has moved toward servicing the residents, while Main Street has become the tourist area," Sloan said, "despite the bed-base concentration." "A survey done some time ago by the city's Transportation Department of bus ridership found that 47 percent of riders were being dropped off in the Prospector Square area," Sloan added. "The tourists staying here want to go to Main Street for the shopping and eating, but many are sleeping here." "It's a complementary relationship, rela-tionship, " Berrett said. "We help each other. When the city doubles the bus schedule d uring the winter, win-ter, it helps both Main Street and Prospector." Open space and parking Both men attributed much of Prospector Square's success to the property owners, all of whom are members of the Owner's Association. "We have to pat our owners on the back," Sloan said. "We have had zero accounts receivable more than 90 days old for association associ-ation dues over the past six or seven years, despite some pretty hard times for a number of members. mem-bers. We run the association on a charge of 14.5 cents per square foot." "I don't believe any other association asso-ciation can run that cheaply, do the budget, and get things done," he added. For their dues, Prospector Square merchants, receive landscaping land-scaping maintenance, snow plowing plow-ing including the pedestrian mall which runs down the middle of the blocks and management of parking spaces. The last issue is receiving more and more attention atten-tion recently, the men said. "Ironically, we have more of a parking problem during the summer sum-mer than we do in the winter, when more people are staying in our rooms," Sloan said. He attributed attrib-uted the difference to the type of visitor. "During the winter, it's destination desti-nation skiers. They often fly in, take a shuttle to Park City, and use the bus to get around town," Sloan said. "The summer visitors may be a Wasatch Front family who owns a timeshare up here, or they are visiting from relatively nearby, so they drive to Park City." The two said that the Owners Association has addressed parking park-ing issues several times during the past decade-and-a-half, revising parking lots and plans to increase the number of spaces available, and make them more convenient to the area's businesses. Another action undertaken by the property owners, they said, was a voluntary "down-zoning" of the area several years ago. "We are approved for 35-foot building heights, into which you can squeeze three-story buildings," build-ings," Berrett said. "We have limited lim-ited ourselves to two-floor construction." con-struction." The association has also self-funded self-funded studies and landscaping efforts. One example is a ten-year, ten-year, $900,000 landscaping plan which put many of the trees in place. "One of the Owners Association's major goals is to encourage more community use of our facilities," Berrett said. "We have 40-plus acres of open space and a landscaped, paved, dedicated pedestrian mall. We want to keep it easy for people to come here." "We would like to find ways perhaps events or festivals Which will draw more people into our area," he added. "We want to market our area more aggressively aggressive-ly as a location for shopping." Changing demographics The two men don't view the growing commercial areas in the Snyderville Basin especially Kimball Junction as direct competition com-petition for Prospector Square or Park City merchants. "When Prospector Square was started. Park City was 1,500 people, peo-ple, and there were maybe 100 in the Snyderville Basin," Sloan said. "At that time, a male couldn't could-n't buy a belt and socks in this area... they had to go to Salt Lake City." "In a sense, the Wal-Mart and Kmart have stopped a lot of the 'leakage' to Salt Lake," he said. "I'd estimate that 75 percent of the money was going to Salt Lake City 15 years ago; now it's maybe 35 or 45 percent. That's certainly a help. I think the Kimball Junction growth is taking tak-ing more money away from the Valley than it is from Park City." Berrett and Sloan speculated that the typical resident on the Western end of Summit County already does much of his daily shopping business in Salt Lake City. "Many of them commute daily to Salt Lake City, so they are probably taking their dry cleaning to a Salt Lake laundry and doing their daily shopping errands there already," Berrett said. "I don't believe anybody up here has 'lost' those customers because nobody up here really had them in the first place." Not yet built-out Prospector Square isn't finished fin-ished growing yet. There are another 29 lots, with a total of about 103,000 square feet, still to be built upon. "The unique part of Prospector Square commercial property is that it is the only zero-lot-line land in the city," Sloan said. "An owner can use every square inch of the property, proper-ty, from the ground up to two stories, and not worry about setbacks. set-backs. "Everyone has worked hard to make Prospector Square into a beautiful, landscaped, aesthetically aesthet-ically pleasing area," Berrett said. "We have continually won the Kearns Tribune Beautification Awards, which says a lot about the owners' dedication ded-ication to having a nice-looking area." "There is a satisfying feeling to see nice buildings in a nice area, with everybody prospering," prosper-ing," Sloan said. "Sure, there have been the day-to-day headaches as there are in any other effort, but seeing what Prospector Square has become is very satisfying." Omagra ' cTTTV mm I Prospector Square keeps growing S53r - in 3 H 5 9 k fl I v if vOT5! ij - I I J j :UM ,. sr .I , m ' BRUCE LEWSPARK RECORD More than 44,600 square feet of office space has opened recently or will open soon in the Prospector Square area of Park City. 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