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Developer previews 40‑acre Provo–Springville mixed‑use concept; sales‑tax sharing is key
Summary
Clyde Capital Group presented an idea‑phase concept for about 40 acres on the Provo–Springville border with housing (mid‑density condos and townhomes), a retail core and event space; developer said retail fell on the Springville side for market reasons and that an interlocal sales‑tax agreement with Springville is being negotiated.
A representative for Clyde Capital Group presented a preliminary plan to Neighborhood District 2 for roughly 40 acres on the southeast corner of Provo, half of which extends into Springville.
Ryan Kristofferson said the concept would include an integrated retail core with community amenities such as an event lawn and a proposed ice rink, about 123 mid‑density residential units and 174 townhomes intended for sale, plus approximately 16,000 square feet of commercial space. "We would like a retail core, with some amenities such as an ice rink and, like, an event lawn space," Kristofferson told the meeting, and he emphasized the project is still in the idea phase with no application filed.
Several residents asked why most retail is mapped on the Springville side and whether Provo would benefit from sales tax. Kristofferson said market access and State Street/Main Street frontage drove retail placement and that the developer is working with both cities on an interlocal agreement for sales‑tax sharing. Planning staff told the audience that interlocal tax sharing is a key element for staff support of any future rezoning and general‑plan amendment.
Residents also raised practical questions about grocery access in South Provo; the developer said the concept includes space that could accommodate a neighborhood grocery, but no commitments were finalized.
Next steps: the project is in early concept stage; staff and the developer will continue interlocal negotiations and any formal application would require public hearings and legislative approvals.
