For those of you reading the news, you probably noticed some significant changes planned for the Huntsman Springs development. In a nutshell, they are to:
-Consolidate a variety of parks scattered throughout the project into one large 7.5 acre public park at the entry of Huntsman Springs across from the Teton County courthouse.
-Add acreage to the project, but lower the overall density of the project to include larger ranch-style acreages on the North end of the development.
-Privatize internal streets with gates, and take over the maintenance of these streets.
-Solidify a location for future employee housing for the project.
In a public hearing and city council meeting on April 10th, there were obviously some concerns with the public. The public was in favor of the consolidation of the parks and overall density reduction of the project, though some were opposed to the privatization of the streets. A number of homeowners in the community East of the proposed employee housing also expressed concern.
It was concluded that the project amendments would be granted preliminary approval with the contingency that a final determination is made with respect to the location and accessibility of the employee housing site, amongst a few other clerical items as required by the city and county.
Though some expressed concern regarding the privatization of the internal roads, it was concluded that the benefit of overall maintenance reduction would be reduced significantly, even with the future maintenance required for the proposed park to be built in phases over three years.
I’ll be interested to see how the development changes. I am speculating a name change, and I understand we will see an increase of amenities for members.
Deal of the Week
“The Spud” Drive-In Driggs, Idaho
When it comes to commercial sales, it’s all about the investment opportunity. However, some are just out looking for a “job” in one of the best places to live in America. Built -n 1953, it’s one of the oldest attractions in Teton Valley, still operating today. Besides, working the summer evenings in Teton Valley & snow-birding South for the winter doesn’t sound too bad.
Why it’s a good deal:
I’m not claiming good deal on this as I haven’t ran the numbers, but it’s still a lot of fun.
How much?
Just reduced, $675,000.
How quick will it sell?
I’m not sure on this one. It’s going to take the right business operator for reasons above, or someone that can capitalize on Winter revenue.
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