Park City man reaches agreement to acquire Sweeney family holdings at Town Lift base

Park City man reaches agreement to acquire Sweeney family holdings at Town Lift base

A Park City man has reached an agreement to acquire the key holdings at the base of the Town Lift, immediately making him an influential figure in the future of Main Street at a time when there appears to be momentum for broad improvements to the shopping, dining and entertainment strip.Matthew Prince, who lives in Old Town and is the co-founder and CEO of internet security firm Cloudflare, expected the deal would close by the end of the day on …

Prince of Park City buys Town Lift Plaza - TownLift, Park City News

PARK CITY, Utah — Matthew Prince, billionaire co-founder and CEO of Cloudflare (NYSE: NET) and a Park City resident, has finalized a deal to acquire the Town Lift Plaza and surrounding properties in Old Town for an undisclosed sum, according to a report by The Park Record, a newspaper Prince and his wife own. The acquisition, announced late Friday afternoon from the Sweeney family’s Brothers III LLC, includes key commercial spaces and retail fro…