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Show Sat/Sun/Mon/Tues, January 21-24, 2017 The Park Record COUNTY SEAT COUNTY EDITOR: ANGELIQUE McNAUGHTON 649-9014 EXT. 112 | Countynews@parkrecord.com County purchases 29 acres A-5 G T A MINUTE? THE MARKET IN A MINUTE Median price of a Single Family Home in the Park City limits is $1,630,000, up 18% in a year. Median price of a home in the greater Park City area, outside the city limits is $975,000, up 11% in a year. Median condominium price in Park City is $650,000, up 16% in a year. COURTESY OF SUMMIT COUNTY Summit County announced this week it would exercise the $3.7 million purchase option for the 29acre parcel near the Jeremy Ranch Elementary School and the Summit Center Commerce Park. County leaders are considering the site as a potential location for an affordable housing and transit-oriented development. Acquisition seen as opportunity for affordable housing ANGELIQUE MCNAUGHTON The Park Record Less than one day before the deadline was set to expire, Summit County announced it will move forward with the option to purchase a 29-acre parcel near Jeremy Ranch. On Wednesday, Summit County Manager Tom Fisher delivered a notice that the county will exercise the $3.7 million purchase option for the land, known as the Cline Dahle parcel. It is located on Rasmussen Road near Jer- emy Ranch Elementary School and the Summit Center Commerce Park. In March 2016, the county paid $100,000 toward the purchase when it entered into the land deal. County leaders are considering the site as a potential location for an affordable housing and transit-oriented development. It is among the final undeveloped lots remaining in the Snyderville Basin. “This is the first time the county has taken a land purchase and been able to chart its own course,” said Chris Robinson, a Summit County Council member. “It is a good piece of property where we envision a park-and-ride, affordable housing and a slight amount of commercial. “The kind of development we want there is the kind that will re- duce the problems that we have,” he said. “It will mitigate in-town commutes and it will provide a transit solution and affordable housing.” Over the last several months, the county has completed the various studies on the site to determine whether it would be a viable location for an affordable housing project as County Council members reiterate their commitment to addressing the affordable housing shortage. Various community stakeholders, including the resorts and Mountainlands Community Housing Trust, will be involved in the discussions to finance a project at the site. Jeff Jones, Summit County’s economic development director, Be the first to ride Park City’s new Lift Market remains highly segmented, with micromarkets of high value still existing. Snowshoeing in Sun Peak drainage Properties continue to sell at an average of 4% off last list price. CAROL AGLE It’s all about the numbers. REALTOR DATA REALTOR OF THE YEAR : Park City Board of REALTORS® Number One Agent : BHHS Utah Properties Statistics Committee Chairman : Park City / Deer Valley Top 100 Agents in the US : Wall Street Journal 435.640.0379 2200 PARK AVENUE BUILDING B PARK CITY, UTAH 84060 A member of the franchise system of BHH Affiliates, LLC MOBILE SEARCH : Text AGLE To 87778 WWW.AGLE.COM Please see Land, A-6 ACCEPTING RESERVATIONS ON FEBRUARY 2ND 61 SKI-IN, SKI-OUT RESIDENCES Please visit the Canyons Village Sales Gallery or call 435.659.8993 liftparkcity.com Lift residences are not currently being offered for sale. Reservations are expressions of interest only and may not result in a binding agreement for purchase once residences are offered for sale. All renderings and illustrative maps are conceptual only and subject to change. Amenities shown in renderings and illustrative maps are proposed, have not received county approval and may not occur. © 2016 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of Home Services of America, Inc.® Equal Housing Opportunity. Information not verified or guaranteed. If your home is currently listed with a Broker, this is not intended as a solicitation. Errors & omissions excepted. |