Development Opportunity

Bonanza 5-Acre Site RFP

Post Date:09/13/2024

News Release – For Immediate Release

Clayton Scrivner, Communications Manager

(801) 597-8108
September 13, 2024

Park City Seeks Partner for Transformative Development Opportunity

Key City property to become vibrant mixed-use community hub

Park City, Utah – Park City has announced an exciting opportunity to create innovative public spaces and a healthy mix of residential and commercial elements in the heart of a mountain town known for its beauty, recreation, history, and charm. A Request for Proposals (RFP) seeking a development partner for the prominent and centrally located Bonanza 5-acre site was released on September 12. The RFP outlines the opportunity to transform several City-owned parcels into a beloved community asset for decades to come.

After an abundance of community outreach and extensive visioning discussions, the Park City Council established development goals that include building a vibrant, mixed-use, locally-focused environment that maximizes community benefit. The project vision includes community gathering spaces, affordable housing, retail, access to public transportation, and a new Kimball Art Center.

"This project is such an important piece of Park City's future; we are thrilled to see it move to the next step," said Mayor Nann Worel. "Much thought, community input, and volunteer hours have been put into ensuring our goals are in place. And when those goals are realized, it will result in a landmark community gathering space, an affordable place to call home, and a local-centric destination we can all be proud of."

Park City, Utah is a radiant town of 8,500 residents cradled within the Wasatch Mountains. Just 35 minutes from the brand new Salt Lake City International Airport, this former mining camp-turned world-famous ski town features two consistently top-ranked resorts, Park City Mountain and Deer Valley, a Historic Main Street, the Sundance Film Festival, and exciting nightlife, dining, and live entertainment. Park City was a venue host City for the 2002 Winter Olympic Games and is set to welcome back the world again in 2034.

The Bonanza 5-acre site is located on Bonanza Drive and Kearns Boulevard, two major arterial roads in a commercially active part of Park City called Bonanza Park. The City will market this opportunity to qualified development teams and choose a winning proposal in a transparent and competitive bid process.

Proposals are due by 11:00 a.m. Wednesday, November 6, 2024.

View the entire Request for Proposals here: www.parkcity.org/home/showpublisheddocument/76332/638617370462200000