Cocobayle project aims to boost tax revenue with commercial development plan

The Toquerville City Council meeting on June 5, 2025, spotlighted a significant development project poised to reshape the city’s commercial landscape. Key discussions revolved around the strategic importance of balancing residential and commercial growth to enhance tax revenue for the city.

A representative emphasized the necessity of attracting external revenue, stating, “You wanna bring money that's coming from Utah County, Salt Lake County, Weber County, Box Elder County, all the way to Vegas.” This approach aims to ensure a steady influx of visitors and shoppers, which is crucial for sustaining local businesses and generating tax income.

The council was informed about the imminent arrival of a Maverick convenience store, with plans to finalize the property deal in just 45 days. The representative noted, “I've seen all their preliminary designs... trying to make the roads and traffic flows work for all the cars and trucks.” This development is expected to be a major draw for both locals and visitors, but concerns were raised about the current lack of residential rooftops in the area, which are essential for supporting retail operations during the week.

Jerry Eaves, another key speaker, highlighted the financial implications of the project. He explained that a previous plan for a mixed-use development had to be redesigned to focus solely on commercial use due to zoning issues. This shift resulted in a significant drop in projected tax revenue, from an estimated $4.7 million to a lower figure due to the absence of residential components. Eaves pointed out that while total commercial development could yield around $127 million in tax base, incorporating residential units could boost that figure to approximately $200 million.

The discussions underscored the council's commitment to fostering a balanced growth strategy that not only attracts businesses but also supports the community's long-term financial health. As the city moves forward, the integration of residential and commercial spaces will be crucial in maximizing tax revenue and ensuring sustainable development.