Town staff brief council on community reinvestment agency (CRA) option for Ross Creek site

Hideout Town Council members received an overview on March 13, 2025, of community reinvestment agencies (CRAs) and how the tool could be used to support infrastructure and mixed-use development at the Ross Creek property.

Kyle (economic-development advisor) explained that a CRA is a separate political subdivision whose governing board is the same as the town council; the agency can create project areas and — with agreements from other taxing entities — capture tax increment to fund public infrastructure, land acquisition or public–private partnerships. "To take full advantage of what's available under Utah law... the city or the town can create a community reinvestment agency," Kyle said.

How it works: The town adopts an ordinance…