Park City Municipal has wagered $3 million dollars of public money that it will be able to find enough cash to buy the $38 million Bonanza Flat area. The purchase has to be completed by June 15.
So far the effort has stalled. Park City residents have agreed to pay $25 million in a bond. Summit County agreed to pitch in almost $6 million. Private persons have pledged 2 million. That left the city over $5 million shy of having funds to buy the property. Park City had hoped Wasatch County, Salt Lake County, Salt Lake City, and maybe even Sandy City would help foot the bill.
Wasatch County said no. Salt Lake County said no. Salt Lake City pledged $10,000.
So, Park City is still at a $5 million deficit to what it needs.
That leaves Sandy City or … someone else to help Park City out.
Government is about compromise. You have to give something to get something. So, what will Park City give to own this PRIME piece of land? They need someone to step up, and we are fairly confident someone will. The question to ask is, “What will we give up for someone to step up.”
People sometimes give up something for nothing… organizations usually do not.
Unless Michael Jordan is willing to donate, or some other benevolent benefactor is found, we guess there will be a quid pro quo.
So, we wonder where will the remaining money come from?
Will it be from a Wayne Niederhauser (Utah Congressman) or Sandy coalition? Will we need to dig a tunnel from Big Cottonwood to PCMR to get the money?
Will additional money come from Deer Valley? Will they want to ensure their gondola from Silver Lake Express to Main Street is accepted?
Will money come from Vail? Will we need to enable the Canyons to build a multi-level parking structure at the Cabriolet lift to get their money?
Will it be from a thousand small donors, who will make up the difference?
It seems that the likely, low impact, donors are no longer an option. How do we feel about the higher impact donors?
Is it worth it?
Maybe. Maybe not.
How MUCH do we want Bonanza Flat to be open space?
That is the root of the question.