Frequently Asked Questions
Dakota Pacific Real Estate is committed to mitigating the impacts of natural growth on communities. Our plan solves far more traffic impacts than we create. Through our coordination with the S.R. 224 improvement effort, we are addressing a decade’s worth of traffic issues that precede our development.
The S.R. 224 improvements are not currently scheduled for funding in the next decade. The development at Kimball Junction is the catalyst for getting the S.R. 224 improvement effort on the UDOT STIP list. Utah is invested in building housing around transit hubs, and the state prioritizes UDOT funds for municipalities that enable housing near them. Our mixed-use plan contributes toward a state priority that expedites the funding Kimball Junction needs. As for the Olympics, County officials have directly acknowledged, through direct interaction with UDOT and the State, that the event alone won’t deliver a fix.
Including Summit County’s portion of workforce housing, the ratio of affordable housing in our development is 56 percent. Forty-seven percent of Dakota Pacific’s housing is deed-restricted for affordability.
Of the 340 affordable units, we will deed-restrict 100 attainable units for households earning between 100 percent and 120 percent of the area median income. The remaining 240 affordable units would be reserved for lower-income individuals or families, 65 of which will be restricted for very low-income families earning an average of 44 percent of area median income.
Summit County is not subsidizing Dakota Pacific Real Estate’s project in any way. We do not receive public funds to finance Kimball Junction’s development or gain a profit. The County, however, requires Dakota Pacific to contribute $4M of funding toward public assets — we are helping to subsidize community resources to create synergistic public interest.
We are committed to delivering the project as approved by County Council in December. To that end, we are exploring all opportunities provided to landowners.
Our sincere hope is that we can proceed under the approved amended development agreement and become a catalyst to delivering the traffic solutions that are contractually required by it.
The approved proposal for the area aligns closely with the Kimball Junction Neighborhood Plan, unanimously adopted by the County Council in June 2019. Our project comprehensively meets the needs laid out in that plan, including providing homes to members of the working class who cannot currently afford to live in Park City.
We respect the Summit County Council’s careful consideration of how best to serve the area, factoring in future planning, landowner rights, traffic and infrastructure, and political pressures at the local and state level. They ultimately voted to approve our plan after an impassioned season of collaboration, and Dakota Pacific Real Estate is ready to move forward with it.
Hundreds of hours were spent during the planning and deliberation process with the County Council considering all the requirements encapsulated in the plan. These requirements upon the developer have been captured in a Development Agreement that governs the development of the site. In short, if the developer fails to perform in accordance with the terms of the agreement, it would be in default and subject to penalties including the inability to continue developing any future phases.