After more than a year of community outreach and Park City Municipal Corp. meetings, PEG Companies submitted in February 2020 its application for the redevelopment of the surface parking lots at the base of Park City Mountain.
Proposed plans for the 10-acres site include for-sale condominiums, affordable housing, employee housing, day-skier parking garages, a hotel, retail and restaurant offerings, a ski club, public ski lockers for day and seasonal use, skier services, state-of-the-art wayfinding, the ability for the National Ability Center to build its new facility, current green building opportunities, and open space plazas.
Over the past year, PEG has prioritized community meetings alongside its project planning work. We are meeting with neighbors, business owners – from local ski shops to the hospital, community groups such as the National Ability Center, multiple HOAs, and local residents from throughout Park City.
Park City Mountain Resort is world-renowned for its fantastic snow, exceptional terrain and mountain operations, and its proximity to historic Old Town Park City. For destination visitors, Park City is also an efficient 45-minute shuttle ride from Salt Lake City International Airport. In 1998 Park City entered into a Development Agreement with a Developer (Powdr) to create a cohesive development at the base of the mountain. Five parcels were included in the original Development Plan, however, only one of the parcels was developed (Parcel A) into Marriott Mountainside.
In the 21 years since the original Development Agreement no additional progress has been made on the remaining parcels. At PEG Development we see the site as a particularly exciting opportunity for Park City. The site is extraordinarily challenging due to various factors including construction phasing, engineering, parking replacement and economics, to name a few. The proposed development plans address those challenges and we are excited to have submitted an application to amend the Development Agreement with a proposed Master Plan Study that is significantly more reflective of current and future community and neighborhood goals.