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Councilors earlier this month stated they’re open to the idea of a mixed-use development with housing, but this week they emphasized the units would have to be largely affordable because of the area’s high cost of living.
A business plan/operation manual developed by the task force estimated it would cost around $500,000 to $1 million annually for City Hall and the County Courthouse to operate a housing authority for the first several years until it can become sustainable.
It’s been a difficult year and a half to run a business in Park City.