From Deseret News archives:

Town is pitching for firms

Published: Monday, March 26, 2007 12:04 a.m. MDT
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To help the process of building a bigger business base in Eagle Mountain, the city recently hosted a summit between landowners and developers to foment a relationship between the two. The city is also compiling a list of landowners' information so commercial developers in need of property will know who to contact to gain a place in the city.

As part of an incentive package, the city is working to establish a Community Development Area, which, under Utah legislation, would allow the town to return property taxes to potential redevelopment projects. The city is also considering waiving impact fees or discounting the city-owned utilities for qualifying companies.

To determine how much incentive Eagle Mountain should consider giving to potential companies, city employees are studying a cost analysis of how much money the city would gain or lose by the presence or absence of certain businesses.

Spencer said the semi-remoteness of the city is a challenge that must be overcome, as well as traffic congestion on S.R. 73. But the rapid growth of the city, whose residents have a median age of 13 years old, can also be appealing, Richardson said.

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"I think there's plenty of opportunity here, and I think that in the years coming, those that have made that presence in the city will be even more excited," Richardson said. "If you look at Eagle Mountain, we have the land mass to be the third largest city in the state of Utah. ... I can't say how previous (city) administrations have looked at it, but this administration is very pro-economic development. I think it's good for all of the citizens and the city."


E-mail: achoate@desnews.com

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