A new economic development area in Cedar City provides for the development of 700 acres of land, which is planned as an intermodal business park, connecting railroad, trucking and air service.
The State of Utah School & Institutional Trust Lands Administration will handle primary management of the area, called Port 15 Utah. Port 15 is a partnership effort of Quantum Development of Cedar City and the administration.
The project is planned over the next 17 years. It is expected to bring 7,000 new jobs to the area and generate more than $28 million in new tax revenue.
Construction on the project will begin in May 2006.
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