Friday, March 2, 2012

Syracuse development could have $51 million economic impact, state official says

Jeff Edwards, president of Economic Development Corporation Utah, said running the numbers on a proposed Ninigret Group L.C. project on 180 acres near Syracuse High School shows the proposal would do more than potentially create more than 1,000 jobs. It would generate the circulation of millions of dollars from salaries, new retail opportunities, new tax revenue and other amenities.

The current Ninigret proposal includes a 155-acre job center, which could include an array of industrial, light-industrial and commercial uses. The plan also includes 25 acres of multifamily development. The project is south of the coming State Road 193 expansion project, west of 1000 West, east of 2000 West and north of 700 South. Ninigret outlined plans for the project in November 2011 on property owned by The Church of Jesus Christ of Latter-day Saints. The company estimated the project could bring as many as 1,200 jobs to the region. Standard Examiner