Over 2.7 Million Square Feet of Commercial Development Has Been OK’d But Remains Unbuilt in the Basin
As we try to find solutions to balancing growth with our economy here in the Snyderville Basin, we often focus our discussion on homes. Where should we build condos? How many? When? Etc.
However, perhaps the more daunting task is looking at commercial development. So far there has been about 7.4 million square feet of commercial space approved in the Basin. As of December 2014, 4.6 million of that has been developed. That leaves over 2.7 million square feet of commercial space yet to come.
So, if you look around the Basin and say to yourself, “Wow, this place is filled with
crap commercial offerings.” It’s actually only 65% filled. There is another 35% yet to be built (just with current entitlements).
Put another way, look at all the commercial development around you and then take 60% of that and add it to what we already have. Wow.
We’ll understand if now is the time you decide to say “I give up.” Figuring out solutions to our growth ain’t gonna be easy.
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