Park City Recreation General Obligation Bond Information

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On August 22, 2023, the Park City Council authorized a $30 million Recreation General Obligation (GO) Bond on the November 21, 2023, election ballot.

If the bond passes, proceeds may be used for fitness expansion at the PC Municipal Athletic & Recreation Center (PC MARC) and new recreation amenities at the PC Sports Complex (PCSC) at Quinn’s Junction, including indoor and outdoor pickleball courts, Nordic ski training area, a pump track for bicycles, refrigerated outdoor ice sheet, sports field lighting, and expansion of existing maintenance facilities.

Recreation GO Bond Timeline


In March 2022, VCBO Architecture evaluated the City’s recreational needs to create a master plan for future improvements at the PC MARC and the PCSC. A Steering Committee comprised of the Recreation Advisory Board (RAB) and local stakeholders guided the master planning process and supported VCBO’s efforts.

The Steering Committee created and distributed a community-wide survey to provide feedback on the City’s existing recreational programs and facilities and input on future improvements.

As part of the FY24 Budget, the City Council budgeted for a host of new recreation investments at City Park, the PC MARC, and the PCSC to complement the undertakings in the GO Bond.

Based on the survey results, a list of proposed projects that could be funded by the GO Bond include:

PC MARC Fitness Expansion– The project concept identifies a potential 14,000 sq. ft. addition to the existing facility. The space could be two stories and utilized for fitness and other community needs identified through a future public engagement process.



Park City Sports Complex – A new facility to include indoor and outdoor pickleball courts and community spaces, a Nordic ski training area, a pump track for bicycles, a refrigerated covered outdoor ice sheet, lighting on existing sports fields, and expansion of existing maintenance facilities. In addition, expanded surface parking may improve trail access to Round Valley.


Property Tax Increase Information

Putting this decision to Park City’s voters is based upon the City’s strong financial position, including:


  • Park City’s AAA bond rating – the highest available assessment of creditworthiness;
  • Park City’s property tax rates are .55% for primary and 1.130% for non-primary residents;
  • Park City’s total existing bond debt service (not including the proposed bond) will be paid off by 2035;
  • 67% of the property in Park City is a business or investment property owned by non-primary resident leaving 33% owned by a primary resident; and
  • Primary residents in Park City are estimated to pay $9.9M of the $30M bond.

As of July 2023, the average assessed home value in Park City is $2.34M. At that value, the estimated property tax increase would be $137.20 per year for a primary residence and $249.46 per year for a business or non-primary resident if the bond passes. The chart below shows the estimated property tax increase based on various assessed valuations.

The graph below depicts Park City’s total debt service, including the proposed General Obligation (GO) Recreation Bond, if approved by the voters. Although we propose a twenty-year $30M GO Bond, due to the strength of our current debt structure and the timing of retiring of old debt, the overall tax burden of the new GO bond will be relatively minimal over time.

For more information or questions, please contact Ken Fisher, Recreation Director, at 435.615.5411 or ken@parkcity.org. Also, the following links to professional reports and agenda items cover the City Council’s deliberations on this matter:

On August 22, 2023, the Park City Council authorized a $30 million Recreation General Obligation (GO) Bond on the November 21, 2023, election ballot.

If the bond passes, proceeds may be used for fitness expansion at the PC Municipal Athletic & Recreation Center (PC MARC) and new recreation amenities at the PC Sports Complex (PCSC) at Quinn’s Junction, including indoor and outdoor pickleball courts, Nordic ski training area, a pump track for bicycles, refrigerated outdoor ice sheet, sports field lighting, and expansion of existing maintenance facilities.

Recreation GO Bond Timeline


In March 2022, VCBO Architecture evaluated the City’s recreational needs to create a master plan for future improvements at the PC MARC and the PCSC. A Steering Committee comprised of the Recreation Advisory Board (RAB) and local stakeholders guided the master planning process and supported VCBO’s efforts.

The Steering Committee created and distributed a community-wide survey to provide feedback on the City’s existing recreational programs and facilities and input on future improvements.

As part of the FY24 Budget, the City Council budgeted for a host of new recreation investments at City Park, the PC MARC, and the PCSC to complement the undertakings in the GO Bond.

Based on the survey results, a list of proposed projects that could be funded by the GO Bond include:

PC MARC Fitness Expansion– The project concept identifies a potential 14,000 sq. ft. addition to the existing facility. The space could be two stories and utilized for fitness and other community needs identified through a future public engagement process.



Park City Sports Complex – A new facility to include indoor and outdoor pickleball courts and community spaces, a Nordic ski training area, a pump track for bicycles, a refrigerated covered outdoor ice sheet, lighting on existing sports fields, and expansion of existing maintenance facilities. In addition, expanded surface parking may improve trail access to Round Valley.


Property Tax Increase Information

Putting this decision to Park City’s voters is based upon the City’s strong financial position, including:


  • Park City’s AAA bond rating – the highest available assessment of creditworthiness;
  • Park City’s property tax rates are .55% for primary and 1.130% for non-primary residents;
  • Park City’s total existing bond debt service (not including the proposed bond) will be paid off by 2035;
  • 67% of the property in Park City is a business or investment property owned by non-primary resident leaving 33% owned by a primary resident; and
  • Primary residents in Park City are estimated to pay $9.9M of the $30M bond.

As of July 2023, the average assessed home value in Park City is $2.34M. At that value, the estimated property tax increase would be $137.20 per year for a primary residence and $249.46 per year for a business or non-primary resident if the bond passes. The chart below shows the estimated property tax increase based on various assessed valuations.

The graph below depicts Park City’s total debt service, including the proposed General Obligation (GO) Recreation Bond, if approved by the voters. Although we propose a twenty-year $30M GO Bond, due to the strength of our current debt structure and the timing of retiring of old debt, the overall tax burden of the new GO bond will be relatively minimal over time.

For more information or questions, please contact Ken Fisher, Recreation Director, at 435.615.5411 or ken@parkcity.org. Also, the following links to professional reports and agenda items cover the City Council’s deliberations on this matter:

Page last updated: 03 Oct 2023, 03:24 PM