Treasure talks take on urgency as Williams’ administration nears its end

Sides continue to meet privately, progress could be made in coming weeks

Posted:   10/25/2013 04:38:16 PM MDT

City Hall and the Treasure developers continue to meet weekly as the sides attempt to craft an agreement, but little has been made public about the discussions in recent months.

Jonathan Weidenhamer, who manages the municipal government’s economic development programs and is assigned to the Treasure negotiations, said in an interview this week the sides hope to make progress over the next two months. He declined to discuss the talks in detail, though.

There will be a change in the mayor’s office early in 2014, as Mayor Dana Williams retires after 12 years as Park City’s top elected official. Treasure remains perhaps the highest-profile piece of City Hall business that remains unfinished as Williams enters his final two months in office. Treasure has been before City Hall through much of Williams’ administration, but the development talks stalled years ago. It has seemed Williams wants to reach a resolution to Treasure or at least make significant progress toward one by the time he leaves office.

“There’s a sense of urgency to try to get something to progress by the end of the year,” Weidenhamer said, acknowledging he is unsure whether an agreement will be reached by then.

For the rest of this article please see the link below to the Park Record:

http://www.parkrecord.com/news/ci_24389545/treasure-talks-take-urgency-williams-administration-nears-its?IADID=Search-www.parkrecord.com-www.parkrecord.com

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Treasure Development Deal in the Works

The Park City council could strike a deal with the developers of Treasure by the end of the years to move some of the density of the town’s biggest proposed development off the Old Town hillsides.  KPCW’s Leslie Thatcher has this update.

See link below to KPCW and the full story…

http://kpcw.org/post/treasure-development-deal-works

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Discussions about Treasure development quietly restart

City Hall wants a resolution to the long-running dispute about project

Jay Hamburger THE PARK RECORDparkrecord.com

Posted:   05/14/2013 05:11:04 PM MDT

Representatives from City Hall and the Treasure partnership in recent weeks began meeting regularly for the first time since last fall, a high-ranking municipal staffer said in an interview, an indication that there could be movement upcoming in the long-running talks about the project.

Jonathan Weidenhamer, who directs City Hall’s economic development programs and is assigned to the Treasure discussions, did not provide details about the meetings that have occurred recently. He called them “weekly updates” and “progress reports.”

It seems likely Weidenhamer and possibly at least one elected official have represented the City Hall side. The Treasure partnership has typically been represented by a member of the Sweeney family and someone in attendance on behalf of the family’s partner.

The discussions have been held behind closed doors as the sides attempt to reach an agreement on a development blueprint for the Treasure acreage itself as well as the prospects of shifting some of the development rights attached to the Treasure land to another location.

“We want to get it resolved,” Weidenhamer said, adding, “It continues to be a priority.”

For the rest of this article please click on the link below:

http://www.parkrecord.com/news/ci_23243034/discussions-about-treasure-development-quietly-restart

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Treasure negotiations nearing another deadline

Major movement seems unlikely by the fast-approaching date

Jay Hamburger The Park Recordparkrecord.com

The long-running negotiations between City Hall and the Treasure partnership about a conservation deal appear on the verge of collapsing, a scenario that could result in the partnership pressing forward with a polarizing development application after more than 18 months of conservation talks.

The two sides set in December set a March 19 deadline, next Monday, for the current round of negotiations. It seems certain that no agreement will be reached by Monday. It is also highly unlikely an extension to the March 19 deadline could be negotiated by that date since the Park City Council does not meet this week.

The most recent movement in the Treasure talks came in late December as the partnership delivered to City Hall a nearly $93 million price tag for a complete buyout of the development rights on the hillside acreage on the slopes of Park City Mountain Resort overlooking Old Town. Park City leaders rejected the price.

For the rest of this article please click on the link below:

http://www.parkrecord.com/ci_20165707/treasure-negotiations-nearing-another-deadline

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Mayor: counteroffer for Treasure would be ‘fruitless’

He says the nearly $93 million price tag was millions above City Hall’s appraisal

by Jay Hamburger THE PARK RECORD

Real estate negotiations typically go something like this: one side puts a number onto the table, the other side makes a counteroffer and the buyer and seller then attempt to negotiate a price.

That’s not what will apparently happen in the case of the discussions between City Hall and the Treasure partnership about a conservation deal for the partnership’s hillside acreage overlooking Old Town.

Mayor Dana Williams, who is one of City Hall’s negotiators, said in an interview the municipal government is not currently preparing a counteroffer to the Treasure side’s dollar figure. The mayor, a high-ranking real estate agent in the years before the recession, said officials probably will not craft one at all.

“At this point, it’s unlikely City Hall will counter that,” the mayor said on Monday, less than a week after officials made public the Treasure partnership’s price tag for the land.

Please visit the following link for the rest of this article:

http://www.parkrecord.com/ci_19627062

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Treasure Price Tag Too Big to Pursue Say City Officials

By Linda Gorton on December 21, 2011

The Developers have named their price for a total buyout of the Treasure project planned for Creole Gulch above Old Town, 93 million dollars. Park City officials say the price is too high for taxpayers to bear,  so they will no longer pursue that as an option. KPCW’s Linda Gorton has more…

http://kpcw.org/2011/12/treasure-hill-price-tag-too-big-to-consider-say-city-officials/

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THINC REACTS TO TREASURE NEWS

Members of the Treasure Hill Impact Neighborhood Coalition are disappointed that Park City officials will no longer look at buying out the Treasure project. KPCW’s Linda Gorton has more…

http://kpcw.org/2011/12/thinc-reacts-to-treasure-news/

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