Utah’s economy to gain new momentum at Point of the Mountain, near Silicon Slopes
This year, Utah was featured in the national spotlight as the No.1 economy and one of the best states in the country for infrastructure and financial stability, according to US News & World Report.
As we look to 2022, we are confident that our state will continue to lead the country as we develop new economic and quality of life opportunities for Utahns. One of the state’s priorities for advancing these opportunities is The Point, which is the new redevelopment project for the soon-to-be-relocated Utah State Prison site in Draper.
The Point consists of 600 acres of state-owned land that will foster innovation and technological advancement, provide parks and open spaces, support economic growth, and improve the quality of life for the Utahns. Plans for the site will soon become a reality when inmates move to the state’s new correctional facility in the summer of 2022. Utah residents couldn’t have asked for a better time to create this new one. economic center.
Utah is uniquely positioned to make The Point the epicenter of our premier economy. The Point sits at the heart of our state’s vibrant high-tech industry, known as Silicon Slopes, and in the town of Draper, which was recognized as the sixth best place to live in the nation by the magazine. Money. Additionally, Utah has a young, educated workforce that is ready for additional options to live, work, and recreate in the Wasatch Front.
The Point of the Mountain State Land Authority recently released the Master Plan for The Point, a major milestone that reflects the contributions of more than 10,000 Utahns. We are encouraged by the active participation of so many Utahns who shared their priorities during our visioning and planning processes.
The Master Plan will guide future development that advances the public interest. As trusted stewards of the public’s investment in the site, we proactively plan for future development in a way that maximizes the economic return and lifestyle of all Utahns.
For example, the master plan includes more than a dozen iconic elements that directly reflect what the Utahns have said they want, including a new innovation district for advanced research and education, an extensive regional network of parks and trails and a balanced mix of land uses for retail, entertainment and housing.
As co-chairs of the land authority, we are committed to taking world-class sustainability measures such as a state-of-the-art air quality laboratory, electric vehicle charging stations, self-automated shuttles and a seamless public transit system.
The Point is designed as a ’15 minute town’ where residents and visitors can access all daily needs such as jobs, housing, retail, food, recreation and entertainment within 15 minutes. minutes walk from a public transport stop. We expect The Point to become known around the world and loved locally as the “Utah Innovation Community”.
With so many important elements planned for The Point, it’s crucial that we select qualified development partners who can bring the audience’s vision to life. Over the next few months, we will oversee an open, transparent and competitive selection process to identify private sector partners who have extensive experience in building sustainable communities on a large scale and who will promote public interest in the site. The in-depth verification process will take several months, with the selection of the development partner (s) scheduled for summer 2022.
The Point is on the way to becoming a reality, and we expect it will provide significant economic and quality of life opportunities for Utahans for generations to come. We look forward to many more opportunities for the Utahns to help us take stock. For more information about The Point, visit thepointutah.org.
Lieutenant Governor Deidre Henderson and Representative Lowry Snow are co-chairs of the Point of the Mountain State Land Authority.