Quantcast
Get breaking news alerts via email

Click here to manage your alerts
Taylorsville business park envisioned on ex-landfill, pit

Idle space » City plans to reimburse companies for some infrastructure costs.

First Published Dec 21 2012 05:30 pm • Last Updated Apr 08 2013 11:33 pm

Taylorsville • As a reclaimed landfill and former gravel pit, the parcel at 6200 South and Bangerter Highway was a difficult sell. In the decade since the site was cleaned up, city officials still couldn’t persuade businesses to set up shop.

That could change. The Taylorsville City Council, sitting as the Redevelopment Agency board, has approved a plan to create the Bennion Point Economic Development Area (EDA).

Photos
Join the Discussion
Post a Comment

Now, the city will be able to use up to $14 million in tax increment — the taxes generated from the increased assessed value of a property within the area — to reimburse some of the infrastructure costs incurred by companies that choose to locate there.

Work to remediate the property, which was used as a gravel pit when the Utah Department of Transportation built the Bangerter Highway and as a Salt Lake County landfill, was completed in 2002. However, the additional costs of grading and adding infrastructure such as roads and sewers have made the 130-acre plot unattractive to developers, according to Donald Adams, Taylorsville economic development director.

"What we’re trying to do is level that playing field," Adams said of the reimbursements.

City officials hope the EDA plan, approved 4-0 Wednesday at an Redevelopment Agency meeting, will turn the vacant land into a thriving business park adjacent to a few residential areas.

The plan envisions 14 acres with nearly 60 single family homes added near existing homes that are just outside the EDA; 9 acres of commercial and retail enterprises, such as a convenience store, a couple of fast-food restaurants and strip malls; 10 acres of offices; and 51 acres of flex space, or buildings that can be used for offices or light industrial purposes. The remaining acreage is for roads, parks and open space.

Lewis Young Robertson & Burningham Inc., a Salt Lake City firm commissioned to do a cost/benefit analysis, estimates that investing the tax increment in the EDA has the potential to bring $91.6 million in private investment and at least 800 jobs to Taylorsville.

Tax increment will be used for 15 years or until the amount reaches $14 million, whichever comes first. For now, the land is tax-exempt because it is owned by either the Utah Department of Transportation or Taylorsville.

"Both the new and existing housing will support the commercial development, and the new commercial growth will provide jobs to local residents," a report on the plan says. "Furthermore, the development will improve property tax values."


story continues below
story continues below

Another benefit of putting a business park at the location is that commercial traffic will flow opposite of the morning and evening rush hours on heavily used 6200 South, the report says. It added that traffic patterns, in turn, will cut down on the $90 million to $100 million in road improvements that would eventually be needed if the area were to become primarily residential.

pmanson@sltrib.com

Twitter: PamelaMansonSLC



Copyright 2014 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Top Reader Comments Read All Comments Post a Comment
Click here to read all comments   Click here to post a comment


About Reader Comments


Reader comments on sltrib.com are the opinions of the writer, not The Salt Lake Tribune. We will delete comments containing obscenities, personal attacks and inappropriate or offensive remarks. Flagrant or repeat violators will be banned. If you see an objectionable comment, please alert us by clicking the arrow on the upper right side of the comment and selecting "Flag comment as inappropriate". If you've recently registered with Disqus or aren't seeing your comments immediately, you may need to verify your email address. To do so, visit disqus.com/account.
See more about comments here.
Staying Connected
Videos
Jobs
Contests and Promotions
  • Search Obituaries
  • Place an Obituary

  • Search Cars
  • Search Homes
  • Search Jobs
  • Search Marketplace
  • Search Legal Notices

  • Other Services
  • Advertise With Us
  • Subscribe to the Newspaper
  • Login to the Electronic Edition
  • Frequently Asked Questions
  • Contact a newsroom staff member
  • Access the Trib Archives
  • Privacy Policy
  • Missing your paper? Need to place your paper on vacation hold? For this and any other subscription related needs, click here or call 801.204.6100.