Fortune 500 Companies Looking at Saratoga Springs Real Estate

By
Real Estate Agent with Berkshire Hathaway HomeServices

SARATOGA SPRINGS -- A $20 million pipeline will secure a badly-needed culinary water source for northwest Utah County and has Fortune 500 companies eyeing property for a new place to grow.

City and county officials alluded to a future economic boom at a Wednesday groundbreaking ceremony for the Saratoga Springs Pipeline Project funded by the Utah Water Conservancy District, but when pressed, would laugh and sashay around who or what companies were arriving.

"I'd have to kill you if I told you," joked Utah County Commissioner Gary Anderson. "We've got everything from solar powered manufacturers to movie studios to heavy manufacturing that are all looking at this area and they are big companies that you would know. They are Fortune 500 companies and they are looking out here. The only thing that is stopping them is water."

That's about to change with the new $325 million Central Utah Water Conservancy District Water Development Project or "CWP" that began construction mid-March.  The project has been in the development stage for the last six years.

The west segment of the project, called the Saratoga Springs Pipeline, will be completed in 2012. The 60-inch diameter pipeline will run parallel west of Redwood Road from 2100 North in Lehi and travel to Pony Express Boulevard in Saratoga Springs where a pump station will send water toward Cedar Valley.

A large reservoir, the North Shore Terminal Reservoir in Saratoga Springs, is also part of the Saratoga Pipeline project.

"This is an important pipeline project that will help serve the future water needs of Saratoga Springs, Eagle Mountain, the Jordan Valley Water Conservancy District and Lehi City," said David Pitcher, chief engineer for the Central Utah Water Conservancy District.

The entire CWP, bringing water into other areas, will be completed in July 2014, enabling the district to begin delivering its water. The CWP North Shore Aqueduct, including the Saratoga Pipeline, will provide approximately 53,000 acre-feet of drinking water to communities located in northern Utah and southern Salt Lake counties.

CUWCD purchased groundwater rights from Geneva Steel and funded the district project which will be entirely paid back to the district with user fees.

Saratoga Springs has begun installing infrastructure for what its leaders are calling their town center, and developers have already been in contact with businesses to anchor the planned development, according to Saratoga Springs Mayor Pro Tempore Bud Poduska. Again, the names of those businesses were withheld.

"We are not at liberty to say yet," Poduska said and chuckled. "Give us a year for the design and to have the dirt moved and we will know by then."

This project will help the growth of Saratoga Springs real estate as well as Eagle Mountain real estate and surrounding areas.  We're excited for this much needed project to be complete and look forward to the many homes for sale and buying opportunities it will surely bring.  

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