Northern Metro Updates
In an MSA/CSA where so much buildup is taking place it is often easy to overlook major parts of Salt Lake City's greater metro.
In an effort to explain some of Salt Lake's northern reaches the next few posts will continue the previous posts highlighting a few of the Northern Metro's development.
In addition to the expected mountains and canyons, another prominent geological feature of the Northern Metro is the Great Salt Lake
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Lagoon Amusement Park & Station Park Lifestyle Center Contd...
Farmington City has a new high school, miles of hiking and biking trails, a booming population and a popular shopping mall — and it might not be done yet.
The city is employing a full-court press in hopes of convincing the Utah Jazz professional basketball franchise to relocate its NBA G League team, the Salt Lake City Stars, to Station Park once the Stars’ lease with Salt Lake Community College expires in the near future.
Presentations made by city officials at recent Davis School District board meetings detail the city’s efforts to present the franchise with “the very best package,” which is centered around the construction of an approximately $40 million, 5,000-seat, multi-use arena located in a vacant lot near the Utah Transit Authority bus and FrontRunner station in Farmington.
That package, city officials said at board meetings, would make Station Park the ideal experience for concerts, basketball games and other events due to the arena’s proximity to restaurants and retail stores...
...Station Park’s vacancy rate is at 1 percent, according to Mellor, who said it has outperformed any reasonable financial expectations.
Station Park’s RDA was created with a tax increment cap of $18.5 million, which was set with the promise that Station Park would generate $80 million in tax revenue over the 20-year lifespan of the original RDA.
It has instead generated a whopping $350 million in tax revenue, according to Mellor. The city doesn’t need the arena and Mellor said so in a phone interview Wednesday with the Standard-Examiner, but the city sees a lot of potential with an arena. “I think it fits with our identity to be the place you go when you want to do something fun and unique,” he said, calling Farmington a “gathering spot” since it is already the home of the Lagoon Amusement Park and Station Park...
...When professional sports teams look for new arenas for either themselves or a minor league franchise they own, they often solicit pitches from multiple locations to see which one can offer the most financially friendly package. Many have questioned why wealthy pro sports teams solicit public money for new arena construction. The Utah Jazz organization is valued at $1.4 billion, according to Forbes...
...Farmington hopes the arena would host G League games as well as concerts and other events, potentially including high school graduations. Station Park already hosts a free summer concert series that attracts thousands of people each concert.
G League teams typically play 24 home games. The NBA G League is a professional, developmental basketball league operated by the NBA and founded in 2001. It now has 27 teams, many of which are directly owned by NBA franchises.
The Jazz purchased a G League team, the Idaho Stampede, in 2015 and moved it to Salt Lake City in 2016, renaming it the Stars. The Stars have played in Bruin Arena at Salt Lake Community College since the move.
In the 2018-19 season, the Stars averaged 1,342 fans in 20 reported games at SLCC — with a season-high of 2,391 — and 6,667 fans over three games played at Vivint Smart Home Arena.
...The proposed Farmington, UT arena that could be anchored by the Salt Lake City Stars advanced Monday, as local officials made it eligible for property tax rebates.
Farmington, located about 17 miles north of Salt Lake City, is exploring the possibility of constructing a 5,000-seat arena in the Station Park development. The hope is to bring the NBA Gatorade League‘s Stars–owned by the Utah Jazz–to the arena, which would also host concerts and other events. Most of the construction cost of the approximately $40 million venue would be assumed by Station Park, operated by CenterCal Properties, LLC, with future increases in property tax revenue from the extension of an existing Redevelopment Area providing an incentive...
Farmington plans $1B development to neighbor Station Park
MITCH SHAW, Standard-Examiner Staff - http://www.standard.net/Local/2018/0...tion-Park.html
A rendering of a 300-acre mixed-use business park planned for an open swath of land immediately north of Station Park in Farmington. Illustration provided by Farmington City
FARMINGTON — In Station Park, Farmington has one of the largest, most successful retail hubs in the Northern Wasatch Front — a site that figures to provide jobs and send a steady stream of sales tax dollars into city coffers for years to come.
But as much of a boon as that development has been, officials say there’s still a mountain of untapped economic potential on an empty 300-acre swath of land immediately to the north.
“It’s very rare — in a spot like this, where you have this huge retail center and you’ll have three major roadways kind of converging — to have such a big chunk of undeveloped land,” said Farmington City Manager Dave Millheim. “So obviously, we want to make the most of it.”
RELATED: New stores, restaurants opening at Station Park in Farmington
The city is working as a gatekeeper on an effort to bring a large-scale, mixed-use business park to the segment of land, which in addition to its proximity to Station Park, is a stone’s throw from Interstate 15, U.S. 89 and the future West Davis Corridor.
If all goes as planned, the project would put one of the region’s largest employment centers right next to one of its largest commercial complexes.
Farmington Mayor Jim Talbot said completion of the project could still be decades away, but preliminary plans call for the land to be filled with a mix of office, retail, light commercial, residential and open space.
The city thinks the development could ultimately result in 10,000 jobs. By comparison, the Boyer Business Depot Ogden employs about 6,000.
The piece of land includes 29 separate parcels and 20 different property owners, but 10 of those property owners hold more than 92 percent of the total land. That majority group, which includes Farmington City, is on board to sell or lease land or otherwise contribute to the undertaking, Millheim said.
“That’s been difficult, getting all of these property owners on the same page,” he said. “It took some time, but we’ve done it.”
According to city documents associated with the plan, the project area is three times the size of Station Park in total acreage and is estimated to generate a property tax valuation four times larger.
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