A bold vision for economic growth and community development is taking shape in Utah, centered around the redevelopment of the former Draper Prison site. During a recent meeting of the Economic and Community Development Appropriations Subcommittee, officials outlined ambitious plans for the 600-plus acre property, strategically located between Utah County and Salt Lake County along I-15.
The project aims to create a vibrant community that prioritizes high-quality jobs and a rich quality of life. Key goals include developing on-site employment opportunities, enhancing local amenities such as parks and trails, and implementing sustainable practices through geothermal, solar, and wind energy solutions. The initiative has garnered significant legislative support, with $165 million allocated from the revolving loan fund to kickstart the development.
Groundbreaking for the infrastructure began in December, marking the start of a multi-phase project that includes essential utilities and roadways. The first residential building, featuring over 350 units and retail space, is already in the design phase, promising to be a focal point of the new community.
With the 2034 Olympics on the horizon, the site is poised to become a hub of activity, offering accommodations for athletes and their families. Officials project that adhering to the comprehensive development plan could generate upwards of 40,000 jobs, significantly boosting the local economy compared to a more organic growth model.
As the project progresses, stakeholders are committed to fostering innovation and sustainability, ensuring that the new community not only thrives economically but also enhances the overall quality of life for its residents. The collaboration among local agencies and developers is crucial as they strategize to attract anchor tenants and large corporations to the site, setting the stage for a transformative era in Utah's economic landscape.