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Facts of the Peak One Parcel

The following information is being provided in order to clarify misinformation about the Peak One Parcel.

The Factual History of the Peak One Parcel
The Town did not purchase the Peak One Parcel to stop development or to preserve it as open space.  Click here for the complete history of the Peak One Parcel.

Process of the Peak One Master Plan
The Peak One Parcel Master Plan was developed through an extensive and thorough public process, which included three public meetings.  Click here to learn more about the public process.

Guidelines for Development on the Peak One Parcel
– Small scale lot sizes
– Beginning at 3,000 square feet up to a maximum of 7,000
square feet
– Enhance useable open space
– Create a sustainable neighborhood suitable for families
– Create diverse housing types
– Maintain trail connections
– Preserve wetlands and other natural features
– Continue architectural themes found throughout Frisco while
allowing for creative design
– No buildings larger than a duplex
– Maximum building height of 30 feet
– Smaller units, such as cabins, accessory units, and carriage
houses are encouraged
– Minimum open space requirement will be 30% of any large
development project (does not include roads)

Click here for the annexation and zoning timeline and a copy of the complete Peak One Parcel Master Plan.

Frisco’s Full-Time Ownership is Declining
Homeownership of year-round citizens in Frisco continues to decline.  Between 1990 and 2000, homeownership of year-round citizens fell by 2%, yet the number of new housing units in town increased by 66%.  Between 2000 and 2006, the rate of year-round homeownership fell by another 4% to an all-time low of 35%.  This webpage will give you more facts about Frisco demographics.

Affordable Housing is in High Demand
According to the Summit Combined Housing Authority’s 2007 Summit County Housing Demand Analysis, the following statistics were identified for the Ten Mile Basin:

– Median household income was $70,000 (80-100% AMI)
– Median single family residence sale price exceeded $1M
– Affordable price for single family residence with the median income
was $298,271
– Affordable rent for households with the median income was
– 4,499 residential units in the TM Basin – 27% of these owned by
local residents
– 168 deed restricted units available in the Ten Mile Basin
– Demand/need was for 1,369 units
– Net demand for units not being met by the market was 1,204 units
(and of these approximately 1,000 units are needed in the
Town of Frisco)

More information on the demand analysis, please visit the Summit Combined Housing Authority’s website.

Examples of the housing demand are also seen in recent affordable housing opportunities in the Frisco community: 13 people applied for the 8 units in South End Village; and the last Ophir Mountain unit up for sale was under contract within a week.  The previous sale at Ophir Mountain was more than 2 years ago.

Other Communities are Focusing Efforts on Affordable Housing
While it is not Frisco’s responsibility to house everyone who would like to live here, creating mixed-income rentals and for-sale units on the Peak One Parcel is necessary to ensure a vibrant and sustainable Frisco community.  Find out what Other Communities are doing around Summit County.

What Community Members are Saying
Several community members are speaking out in favor of affordable housing; including Alex Miller, Editor of the Summit Daily News.  Here is just a glimpse of what people are saying.

For more information about affordable housing in Frisco, please visit the Town of Frisco’s affordable housing website.

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