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Council takes Park City Junction development counterproposal under advisement after developers offer revised affordability and cost‑sharing terms
Summary
Developers of the Park City Junction project presented a counterproposal that reduced market‑rate units and affordable units slightly, extended affordability sunsets and increased developer cost‑share to $4 million (from $3.5M previously) but short of the council’s $5M request. Council agreed to have attorneys prepare a draft amended development agreement and to continue discussion next week.
Representatives of the Park City Junction development team presented a detailed counterproposal to the Summit County Council and said they had moved toward the county’s requests on several points but still differed on density and total cost‑sharing.
The developer representative said the team accepted shared demolition costs for a Richmond parcel and outlined a revised phasing schedule tied to STIP (state transportation) milestones. On market‑rate density, the developer…
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