Park City is moving forward with plans to build a new neighborhood of affordable housing next to Park City Heights.
In 2023 the Park City Council gave its support to explore affordable housing on the western portion of Clark Ranch, a swath of over 300 acres along U.S. Highway 40.
The city has identified 10 acres just south of Park City Heights that could serve as land for a new neighborhood.
After issuing a request for proposals last year, the city entered into a 12-month exclusive negotiating agreement with developer Alexander Co. in November.
Park City Housing and Development Coordinator Sara Wineman said the firm has decades of experience with mixed-use, multifamily housing projects and a strong background working with low-income housing tax credits.
Park City has no financial obligations during negotiations.
Similar to the Engine House affordable housing project under construction in Bonanza Park, the Clark Ranch project is envisioned as a public-private partnership.
The city would lease the ten acres of land in Clark Ranch to Alexander Co. for $1 per year for 50 years. After that, the property would revert back to city ownership.
The Alexander Co. has proposed a 190-unit project that would be 80% rentals and 20% for-sale.
