MIDA Strategic Planning Workshop

Military Recreation Facility Project Area

WELCOME

September 2023
Mission

“MIDA is a political
subdivision with statewide
jurisdiction whose mission is
to support present and past
uniformed service members
and base installations
through infrastructure
development that promotes
economic health and
sustainable projects for
communities in Utah.”
 Our Values
Military Focus Create and Grow Partnerships Transparency
Integrity Solution Oriented Ethics
 M
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Pr
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Af
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Identified Goals

Ho
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Pu
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In
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tru
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Di
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De
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Where are we going?

In
Where have we been?

fra
s tru
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De
MRF for the next 5 years

ve
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Collaborate on top priorities for
MIDA PARTNER UPDATES
MIDA Breakfast• September 2023
KLAIM – The View at Hideout 22% complete
Phases 1-3:
19 of 88 units complete; 36 under construction
Lakeview Estates 0% complete
Phase 1: 8 of 10 units under construction
Phase 2: 25 future units
Phase 3: 34 future units
Deer Waters Resort 61% complete
Phase 1: 40 of 40 units complete
Phase 2: 17 of 18 units complete; 1 under construction
Phase 3: 5 of 22 units complete; 17 under construction
Phase 4: 12 of 22 units under construction
Deer Springs 18% complete
Phase 1: 43 of 45 units complete; 2 under construction
Future Phases: 3 of 192 units under construction
HAMLET HOMES
Sage Hen at Mayflower
41 Quality Hamlet Townhomes with Amazing Views
41 Quality Hamlet Townhomes with Amazing Views

https://hamlethomes.com/communities/sage-hen-2/
Two Outstanding Floorplans (3200+ sqft) with Amazing Views
 UPHILL TYPE 1

The POINTE - GARBETT HOMES EXTERIOR VIE

W

The designs shown and described herein including all technical drawings, graphic
representation & models thereof, are the copyrighted work of Think Architecture, Inc. and &
cannot be copied, duplicated, or commercially exploited in whole or in part without the
WASATCH COUNTY, UTAH D101
sole and express written permission from THINK Architecture, Inc.

3 JUNE,
2020
 UPHILL TYPE 2

The POINTE - GARBETT HOMES EXTERIOR VIE

W

The designs shown and described herein including all technical drawings, graphic
representation & models thereof, are the copyrighted work of Think Architecture, Inc. and &
cannot be copied, duplicated, or commercially exploited in whole or in part without the
WASATCH COUNTY, UTAH D105
sole and express written permission from THINK Architecture, Inc.

3 JUNE,
2020
 DOWNHILL

The POINTE - GARBETT HOMES EXTERIOR

VIEW

The designs shown and described herein including all technical drawings, graphic
representation & models thereof, are the copyrighted work of Think Architecture, Inc. and &
cannot be copied, duplicated, or commercially exploited in whole or in part without the
WASATCH COUNTY, UTAH D109
sole and express written permission from THINK Architecture, Inc.

3 JUNE,
2020
 COMMUNITY

The POINTE - GARBETT HOMES CENTERPOOL

AREA

The designs shown and described herein including all technical drawings, graphic
representation & models thereof, are the copyrighted work of Think Architecture, Inc. and &
cannot be copied, duplicated, or commercially exploited in whole or in part without the
WASATCH COUNTY, UTAH D115
sole and express written permission from THINK Architecture, Inc.

3 JUNE,
2020
Mayflower Lakeside
Mayflower Lakeside
Mayflower Lakeside
Mayflower Lakeside
MRF PROJECT UPDATES
Frontage Road
Trail Plans
Future Projects

Affordable housing
Extensive adaptive sports, veterans, and military spousal/family recreation
programs,
Public Recreation
Trails
Transit
MIDA AS A RESOURCE
 Military Recreation Facility
Public and Military Recreational Amenities: MWR ROI 2023: ROI 2030:
hotel, ski resort, dedicated/multi-use trails, golf
academy/equestrian center and military conferences. $187 million
$6.6 billion
170 new residents
2,900 new residences/$5.4 billion est.
1,035 new subdivision lots
5,000 - 7,500 new jobs
140 Affordable housing units
(Obligation)- hope to deliver up to 7 Hotels/1,375 rooms $524 million est.
660 units
3,120 acres of preserved open 700K sq ft Village
space land
105K sq ft Commercial (Skyridge)
Public biking/hiking trail network
Tourism spending: $400 million/year -
Armed services/wounded $1.5 billion cumulative
veterans recreational programs
and military discounts
Issuer Bond Issued Pledged Revenue

Mountain Village PID 2020 $ 68,500,000 Property Assessment

Project Area Revenues: Mountain Village PID 2021 $ 99,800,000 Property Assessment

2023 $16.9MM Golf & Equestrian PID 2021 $ 71,010,000 Tax increment & sales tax

2024 $31.5MM(est) MIDA 2021 $260,000,000 Tax increment, MWR Hotel Revenue

Military Dev Infrastructure Bank 2021 $14,000,000 Tax increment & sales tax
Project Area Priorities (in order of priority)

East Side Development Fund West Side Development Fund

● Jordanelle Parkway Ski and four-season recreational resort

● Frontage Road - $2MM improvements in West Side, including:
● Day Skier/Public Parking - $8MM ● Ski lifts/gondolas
● Recreation Parcels/Gov Facility - $5MM ● Warming huts
● West side mountain improvements ● Ski systems and equipment
● Ski runs
● Snow making
● Transit/transportation infrastructure
Development Update
QUESTIONS & ANSWER