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Summit County and Dakota Pacific continue negotiations on Kimball Junction plan amid split over density, affordable housing and traffic mitigation

Summit County Council · February 13, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Developers told the Summit County Council that the council—s goal of 500 units with 50% affordable housing is not achievable under current financing assumptions; both sides agreed developers will return with a term sheet and more analysis on tax-credit bands, parking costs and phasing. A follow-up meeting was scheduled for next Thursday at 3 p.m.

A continuation of Summit County Council deliberations with Dakota Pacific on a proposed amendment to the Kimball Junction development agreement on Tuesday underscored a wide gap between the council—s housing and traffic priorities and the developer—s assessment of what is financially feasible. Developers said the council—s 500-unit, 50%-affordable target would be economically untenable without major offsets; council members pressed developers for a term sheet of concrete options and prioritized metrics for phasing and traffic mitigation.

Why it matters: The outcome will shape how the county balances long-term traffic fixes at Kimball Junction with the immediate need for more affordable housing. The project site is adjacent to critical parcels (including the Richards parcel and the Richards Building area) and the county has signaled it expects a package of mitigations—some reliant on UDOT and STIP funding—before significant occupancy occurs.

Developers said Plan C remains the economically viable baseline. A Dakota Pacific principal summarized the constraints by saying, “Long story short, as expected, there is no way, there is no way we'll ever get anywhere close to that type of a program,” and asked the council…

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