1/23/2024 0 Comments Rush funplex weberInside, there will be opportunities to greet Santa, and for those with special needs a Quiet Santa will return for one-on-one experiences with each child.Īgain this year, The Church of Jesus Christ of Latter-day Saints and its LDS Charities will provide Giving Machines for Christmas. Halloween activities are currently ongoing and within the month Santa will fly in on his helicopter to start the holiday season. After a large July 24 fireworks and entertainment event, the campus is transformed for the holidays. In all, University Place has more than 140 community events every year. What has happened so far beside the redesign of the mall includes three apartment complexes: the Aston, Devon and Exton new retail including Trader Joes and Dillards as well as several internal stores numerous restaurants and The Orchard outdoor park and entertainment venue. They chose this place because of what was planned.” H&M was the first tenant that saw the vision of what we wanted to do,” he added. “In 2011, we were very nervous for the health of our center. “We saw an opportunity to create something new and exciting.” “Key anchors around the country were imploding,” Woodbury said. Mervyn’s, another anchor store, had already closed. He noted that the 2011 closure of Nordstrom was a key turning point. “We are pleased we are achieving what we set out to do,” Woodbury said. The Orem City Council was asked to extend the tax increment payments on the University Place Community Development Agency for two years due to rising prices and lack of deliveries on construction materials for the mall. sought an amendment to the CDA agreement due to issues surrounding the pandemic. In March, University Place and the Woodbury Corp. On Monday, Woodbury, said the development company is ready to complete what it promised more than a decade ago.Īccording to Woodbury, it would have been done sooner but COVID-19 got in the way. “These investments will help keep Orem competitive with other cities in the state that use similar state-authorized incentives to grow and attract businesses.” “Alongside the CDA investment, Woodbury intended to invest approximately $500 million in new office, residential, hotel, retail and civic improvements at the heart of Orem on the University Place project site,” said Arty Woodbury, company vice president, when the CDA was approved. If it doesn’t do anything to increase the value of its property, then there is no money to share with Woodbury.” Remember, Woodbury will only be receiving a portion of the new property tax that it will be required to pay as the value of its property increases. “If Woodbury doesn’t build its development the city won’t have any property tax to share with them. “There is no gamble,” said the city in the statement. Courtesy photoĪt the time, the city put a statement on its website as residents were concerned about their taxes being used and a big shell of a mall not doing anything but dying. The mall has pledged $1 million toward that effort. Nearly 2,000 jobs have been moved to nearby cities.Ĭonceptual rendering of new Hale Center Theater Orem proposed to be built at University Place. It is the CDA tool that Lehi used to lure companies like Adobe and Xactware out of Orem. The others are the Alpine School District, Utah County, Utah Water Conservancy District and the Orem Metropolitan Water District.ĬDA use is not uncommon to Utah or around the country. The city was one of five taxing entities that needed to approve the project. In September 2014, the Orem City Council approved a Commercial Development Area, or CDA. “Earlier this year, that project became a reality as it was purchased with the intent to become a mixed-use project with residential, office, restaurants, transit and retail.” A few years ago, a team from Georgia came to visit University Place in an attempt to learn about the project and perhaps utilize some of the same methods to revitalize what they considered to be a ‘dying mall’ in their community,” Downs said. “What is happening at University Place is becoming a ‘poster child’ for malls around the country. In 2014, when malls around the country were failing and big box anchor stores folding, the Woodbury Corp., managers and developers of University Place, stepped out of the box and redesigned the mall into a campus of retail shopping, Class A business spaces, housing and entertainment.
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