We are residents of Cottonwood Heights who support the proposed Town Center, called "The Heights". The Heights will be a place for our community to gather, celebrate and connect. It will offer local dining, unique shopping, open space, mountain views, and amenities that strengthen our community and create a stronger city identity.
Spread the word by displaying a 'Vote YES' sign in your front yard.
Mayor Weichers and the Cottonwood Heights City City Council scheduled several public input meetings and requested Cottonwood Heights residents to share what they would like in a town Center. The City Council listed to the residents and now intends to develop the Town Center according to the desires expressed by the residents during those meetings. Those ideas are shared below:
The purpose of the Town Center is to create a cool, beautiful and inviting gathering place for the residents of Cottonwood Heights. The town center will define and become the face of Cottonwood Heights. It is the place where major events in Cottonwood Heights will be held.
The proposed name for the Cottonwood Heights Town Center is "The Heights" drawing on the location and vibe of the city and reflecting the elevated mountains, views and nature that surrounds us. In fact, a major design concept of the Town Center is to minimize the height of and design the buildings in The Heights in a creative way that preserves the viewsheds of the area so that all residents can come and enjoy the beautiful views at any time.
The town Center is envisioned to be something that the residents are proud of and makes them thrilled that the city invested the resources to build it.
It will include places where people of all ages want to go. There will be places to gather and hang out for children, young families, singles, grandparents and seniors.
The look and feel of the Town Center will likely become the standard that development of public spaces will follow. This includes beautiful and interesting architecture. Structured parking facilities will provide convenient and close parking in place of unsightly asphalt parking lots.
Pedestrian safety will take a high priority. The Town Center will be walkable and bikeable. There will be wide landscaped walking paths that meander throughout the property that support a healthy lifestyle that includes walking. Vehicular traffic patterns will be designed with human safety taking precedent. The steetscapes will be attractively landscaped with living plants and flowers.
There will be many restaurants to provide a unique variety of eating options to Cottonwood Heights. Artisan shops, social clubs, pastry and dessert shops, senior programming and a boutique grocery store have all been requested.
Exceptional dining experiences have been designed to facilitate sidewalk dining facing the street and also facing the gathering space. Buildings have been designed to enable rooftop dining that provides incredible views of the majestic mountains between the canyons as well as views of the valley, views of downtown SLC and the spectacular sunsets over the Oquirrh mounts and the Great Salt Lake.
Regularly scheduled events such as large farmers market on Saturdays, a major Christmas market from Thanksgiving through Christmas, as well as arts festivals and other fun events will create a fun vibe that keeps residents interested and wanting to come back over and over again.
There will be minimal housing on the property. Some housing may be on the level above the shops.
The Heights will provide a performance stage and area that includes infrastructure to support all types of events that require electricity, water and sound.
The City is proposing a $30 million General Obligation bond to provide up funding for the town Center. Residents will have the opportunity to vote on the bond during the November 5th elections.
The City will work closely with a to be selected development partner to provide the market-driven elements for the project including a desirable mix of retail businesses, local restaurants, and some housing. These are critical pieces that make the town center vibrant and active and represent more than $100 million of investment in our city.
A public-private partnership has several benefits:
The expected monthly cost of the bond to the average Cottonwood Heights home owner will be about the price of a typical lunch meal at a fast food restaurant - about $12.
If voters approve the bond, property taxes for the average homeowner (based on the average home value in Cottonwood Heights of $770,100) will increase by $11-$12 a month. The average term of the bond is 30 years.
Money from the bond will be used exclusively to 1) fund the public elements of the projects; and 2) pay off the existing loan the city has on the property. This has several positive financial implications for the city:
Bond Provides Financial Strength into the Future
View of 'The Heights' looking at the corner of 2300 E and Ft. Union Blvd. The open space is for gathering and hanging out. Notice the buildings have places for roof top dining and for sidewalk dining The amphi theater is for small performances. The area at the top can be closed off for farmers markets, and other events.
View of the mountains between Big and Little Cottonwood Canyons looking up at 'The Heights'.
Another view locing at the terraces of 'The Heights'.
The city's goal is to design and build the new Town Center with the community as the priority. The Town Center will define Cottonwood Heights and provide a face for the city with majestic views of the mountins, spectapular views of the Salt Lake Valley, sunsets over the Great Salt Lake and the Oquirrh mountain range. The project will enable the City to create other amenities that the community desires, such as additional locally focused dining and shopping within the City. It will provide a public gathering place for city events, including farmer's markets, holiday fairs, movies in the park, and small community concerts.
General Obligation bonds (GO Bonds) are municipal bonds that provide a way for governments to raise money for projects that may not directly generate revenue, such as public spaces (parks, plazas, trails, etc.), street improvements, and construction of community facilities (city halls, recreation centers, schools, etc.). Because they are backed by the government's ability to tax and raise taxes, GO Bonds typically offer the lowest possible interest rates for funding these types of public capital projects. They are also required to be voted on by the general public during annual elections.
If approved, the GO Bond will provide upfront funding to assist in the costs of the public open spaces and plazas, public infrastructure (pedestrian improvements, roadways, utilities, grading, etc.), and public parking. It will also be used to pay off the existing, higher-interest loan used to purchase the property - saving the City an estimated $1.1 million annually in General Fund expenditures.
The proposed Town Center is a mixed-use project on 10 acres located on the corner of 2300 East and Fort Union Blvd. The project includes a central open space plaza and courtyards, retail, dining, community amenities, and limited residential.
The monthly cost of the bond would raise the property taxes for the average home in Cottonwood Heights about the same amount as purchasing a typical meal from a fast food restaurant - $12 a month.
The proposed amount for the GO Bond is $30 million for up to 30 years. These are maximums, and if approved, the city could issue bonds for a lower amount and for a lower term, but cannot exceed these amounts.
The City's preferred option for funding the project is a public-private partnership as it provides the most balanced approach. If voters don't approve the Bond, the City will need to reevaluate development options for the property. Other options include:
- Pursuing a market-driven design that would need more commercial and residential development to be financially feasible. This would likely result in less open space and a more dense project.
- Sell the property as is and allow the City's current development ordinances to guide development like any other city project. This would reduce the level of control/influence that the City has over the project and open the project up for continued use as a strip mall.
- Rezone the property to establish general parameters for its development and then sell. This would reduce the level of control/influence that the City has over the project.
No. If the Bond is approved, the City plans to begin vetting development partners and intends to start the development process as soon as possible.
Cottonwood Heights' property taxes are among the lowest in Salt Lake County. The City is ranked the 4th lowest of the County's 16 municipalities and has only raised property taxes one time (in 2018) since incorporation.
The Town Center bond will appear on the 2024 election ballot, which will be mailed out to residents on or near October 15. Please see Elections | Salt Lake County Clerk (slco.org) for more information about elections and voting in Salt Lake County.
The bond will not directly impact renters, however, it would impact property owners/landlords who may choose to pass the cost of the increase onto renters.
The city has never proposed or issued a General Obligation bond, although it has issued sales tax bonds on several occasions.
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Residents for the Cottonwood Heights Town Center
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