Bonanza Park 5-acre site
City-owned five-acre Bonanza Park site offered under a request for proposals with a long-term ground lease at $1 a year and about $30 million in city contributions for underground parking, low-income housing and public spaces.
- Where it stands
- Approved
- Type
- Development agreement
- Location
- Bonanza Park
- Size
- 5 acres
Every hearing and vote
February 27, 2025 · City Council
Bonanza 5-acre site request for proposals update
Discussed
Staff described a revised request for proposals with a ground lease at $1 a year for at least 60 years and a city contribution of about $30 million (excluding land) for underground parking, low-income housing and public space. The RFP was to publish February 28 with responses due March 31. The council gave direction by consensus: a 45-foot height limit, three years of audited financials, removal of an anchor-tenant sentence, and adding 30% area median income to goals. Council Member Rubell wanted varied commercial rents; Council Member Toly opposed subsidized commercial rents; Council Member Parigian questioned how the $30 million was chosen. No vote.
May 14, 2025 · City Council
Bonanza Park 5-acre redevelopment request for proposals interviews
Discussed
The mayor and council interviewed the top two respondents, one hour and ten minutes each: a team led by Brinshore and GTS Development with Method Studio, and a team led by Pinnacle and Woodbury with FFKR Architects and Shaw Construction. The council then went into closed session on procurement. The minutes record no selection or award. The first team's deck proposed 156 affordable units, six live-work artist units, a 316-stall underground garage and a $30 million city soft loan repaid from project cash flow, with a 99-year ground lease at $1 a year and total financing of $119,871,386.
July 10, 2025 · City Council
Brinshore exclusive negotiation agreement for the Bonanza 5-acre site
Approved with conditions · 5-0
The council approved an exclusive negotiation agreement with Brinshore as amended: the city may terminate at any time, with a $75,000 termination fee to the developer, and the word "permanent" is struck from ground lease language. Design work has not started.
September 5, 2025 · City Council
Bonanza 5-acre site redevelopment design and strategy preferences (work session)
Discussed
The Brinshore and GTS team presented a design with a village green of more than two acres, about 70% open space, retail or nonprofit uses along Bonanza, six live/work units on Kearns, about 7,000 square feet of education space and a 316-stall garage. Density options were 106 units with three stories, 115 with one four-story building and 126 with two. Garage costs were $75,000 a stall on the first level and $120,000 to $125,000 on the lower level. The city committed $30 million plus $100,000 per market-rate unit. A majority supported one four-story building if sight lines are maintained, with Council Members Ciraco and Parigian favoring two and Council Member Toly one; Council Members Dickey and Parigian opposed seeking code exceptions; Council Member Rubell supported a four-story building on Kearns and wanted arts space. The team will return with unit mixes, parking costs, solar and view studies. Public input is set for September 24 and final approval for an October meeting. No vote.
September 24, 2025 · City Council
Bonanza 5-acre site redevelopment: design and strategy preferences (work session)
Discussed
The team showed a "Mountain Town Village" with a 1.47-acre village green (the minutes say 1.15), 112 homes, heights of 35 feet on Bonanza and Kearns and 45 feet at the southwest corner, a splash pad and a mobility hub, with construction targeted for fall 2026. Parking costs were about $21,674,120 for one level (300 spaces) and about $44,399,312 for two (554 spaces). Council Member Ciraco was less concerned about adding units because the Holiday Village project provides housing; Council Member Parigian wanted more homes and year-round uses; Council Member Rubell wanted lighter massing and priority for the local workforce; Council Member Toly was unsure about four stories after seeing shadows and found the parking cost very high; Council Member Dickey wanted the city subsidy clarified. Staff will return with a parking cost recovery analysis, traffic data, a three-story solar study, the subsidy amount and a Gordo parking cost comparison. No vote.
October 13, 2025 · City Council
Bonanza 5-acre site: design and strategy preferences (special meeting)
Discussed
Staff from transportation planning opposed a second underground parking level, citing the Park City Forward plan and traffic; the garage was estimated at about $45.9 million, or $165,782 a stall over 25 years, needing $518 a month per stall against $232 at China Bridge. Council Member Rubell asked staff to pursue a shared or district-wide parking strategy; Council Members Ciraco and Dickey supported it and Council Member Toly opposed. Housing staff recommended moving forward with Brinshore's unit mix, though Council Member Rubell wanted Chamber and county workforce data first; staff was directed by consensus to bring that data back. Brinshore noted federal fair-housing limits on prioritizing local workers. The multi-arts space is about 1,800 square feet. The village green is 1.38 acres; Option 2 would cut units from 112 to 98. Council members indicated support for Option A, and Council Member Toly asked that two options go to the October 20 open house. Developer cost items above the city's $30 million commitment were listed, including $24,414,312 for second-floor parking. The minutes' figures differ from slide figures (554 stalls, $44,399,312 for lower levels, a 350-space garage in comment). No votes.
October 23, 2025 · City Council
Bonanza 5-acre site redevelopment: design and strategy
Discussed
The developer showed Option A (about 112 units, one four-story building) and Option B (about 106 units, three stories), with 300 parking stalls and a possible second level. Slide costs included $2,300,000 for unrestricted units, $1,200,000 for a splash pad and public bathrooms, $1,500,000 for a collaborative art space and $24,414,312 for a second parking level. Council Member Ciraco estimated the second level would add about $8 million to the city's $30 million. Council members split on height, the splash pad, arts space size and four-bedroom units. Timeline: planning submittal December 10, 2025, development agreement by March 2026, groundbreaking April 2027. The council will decide November 6. No vote.
November 6, 2025 · City Council
Bonanza 5-acre site design
Discussed
The developer offered 106 units with one four-story building or 114 units with two; Council Member Parigian asked for 125. A majority supported an 1,800-square-foot arts pavilion and first-floor public gathering space; opinions split on a black box theater. Many speakers opposed the project and favored a park, citing traffic. A $50,000 traffic study was discussed. No vote.
January 20, 2026 · City Council
Consent: Sundance licenses, city policies, engineering services and Bonanza 5-acre negotiation extension
Approved · 5-0
Approved Type 2 convention sales licenses, Ordinance 2026-02 (revised accommodations, youth protection, drug testing and vehicle policies), a general engineering agreement with Bowen Collins and Associates (up to $200,000) and a 60-day amendment to the exclusive negotiation agreement with Brinshore Development for the Bonanza 5-acre site.
April 30, 2026 · City Council
Capital budget preview (work session)
Discussed
Requests included a $35 million sales tax revenue bond for the Bonanza 5-acre site (106 units), $6,959,000 for golf course improvements, a $1,550,000 ice arena hillside study, $18,623,616 in ARCST funds for Clark Ranch plus $6.3 million for the frontage road, $5.5 million for Munchkin and Woodbine reconstruction, $1.15 million for Payday traffic calming, $5.3 million for 83 bus stops and $160,000 to stabilize Spriggs Barn. No vote.
May 22, 2026 · City Council
Strategic planning retreat
Discussed
Led by a facilitator, the council reviewed strengths, weaknesses and priorities. Consensus areas included housing, transportation (a separately funded parking option at Bonanza 5-acre, bringing back Park City Forward and amending the Bonanza mixed use code), Olympic planning and infrastructure; Old Town core revitalization including a possible city hall relocation was named a priority. Proposed vision, mission and values were not adopted. The council will revisit eight strategic priorities every three months. No votes.
September 17, 2026 · City Council
Housing study session
Discussed
The 2016 goal is 15% of the workforce living in the city; by the end of 2025, 731 units were in operation, and the council later raised the 2032 target to 1,864 units, leaving 863 affordable units to build. Council reviewed six city-owned parcels and projects including Clark Ranch, EngineHouse, Woodside Phase II and Bonanza 5-acre. Woodside Phase II will wait on Planning Commission action on the senior center. Staff will return with expanded numbers and a scope for a housing needs assessment. No vote.