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Board approves infrastructure agreement as phase 1 for innovation hub begins

November 21, 2023 | Utah County Commission Meeting Minutes, Utah County Commission, Utah County Commission and Boards, Utah County, Utah


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Board approves infrastructure agreement as phase 1 for innovation hub begins
The Utah County Commission meeting on November 21, 2023, highlighted significant developments regarding a major infrastructure project. During the meeting, board members announced the approval of an agreement that marks the start of implementation for a complex project, described by experienced attorneys as one of the most intricate they have encountered.

A ceremonial signing of the agreement is scheduled for Monday, which will officially kick off the project. Last week, the state legislature allocated an initial loan to fund the infrastructure for the first phase of the development. This loan is expected to be repaid through revenues generated by the project.

The timeline for the project indicates that infrastructure work will commence in the spring of 2024, contingent on weather conditions. The first building is projected to begin construction in 2025, with the aim of achieving occupancy by 2027. Officials expressed a strong commitment to the project, emphasizing their responsibility to the community and future generations.

Additionally, discussions included the development of the old Geneva Steel site, which is positioned in one of the fastest-growing counties in the nation. Commissioners noted that both the new project and the Geneva site will serve complementary purposes, with one focusing on innovation and the other on healthcare and education. This collaboration is seen as a unique opportunity to reshape the metropolitan area and set a positive example for other regions.

The meeting concluded with a sense of optimism about the future growth and development in Utah County, as officials reiterated their commitment to leveraging these opportunities for the benefit of the community.

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