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Park City developer proposes restricted housing for $160,000 earners

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A Park City developer intends to build residences restricted to the workforce that could be priced at nearly $570,000 and attract buyers with annual household incomes that could be capped at just more than $160,000, dollar figures that are set through a formula but ones that could nonetheless attract attention at a time when City Hall is pursuing a program of social equity. The developer of Kings Crown, a firm known as CRH Partners, LLC, outlined plans for the restricted housing in a submittal to City Hall in anticipation of a Park City Planning Commission meeting scheduled Wednesday.


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