Tooele Valley Project Area Celebrates One-Year Anniversary: Pioneering Sustainable Development and Economic Growth in Northern Tooele County

A major achievement for the Tooele Valley Project Area is the recent approval granted by the Surface Transportation Board (STB) for Savage Tooele Railroad Company (STR) to construct and operate an 11-mile rail line in Tooele County. This new rail development will significantly enhance the region’s logistical capabilities and provide businesses with easy access to rail transport. The rail line is expected to mirror the positive effects seen in the Twenty Wells Project Area, by improving regional connectivity and creating opportunities for new industries.

The Zenith team has also been active in attracting new businesses to the area, submitting proposals for multiple recruitment projects and hosting several site visits. These efforts focus on building Tooele Valley into a mutli-sector industrial park.

“Over the past year, the Tooele Valley Project Area has achieved remarkable progress, from launching the Tooele Valley Public Infrastructure District to securing approval for the Savage Tooele Railroad,” said Stephanie Pack, an Associate Vice President with the Utah Inland Port Authority. “These milestones lay the groundwork for sustainable growth, positioning Tooele Valley as a vital economic hub in northern Tooele County. This is just the beginning of its transformation into a thriving business center.”

The Tooele Valley Project Area’s focus on infrastructure, connectivity, and sustainability will ensure that it continues to be a key economic driver in northern Tooele County. The foundation laid in the first year is just the beginning, as Tooele Valley will continue to develop into a robust, thriving business hub.

Today marks the one year anniversary of the Tooele Valley Project Area (TV), a dynamic initiative in northern Tooele County that has made significant strides over the past 12 months. With its focus on sustainable development and infrastructure, the project area spans 242 acres and is poised to become a key economic hub in the region, attracting a diverse range of businesses and industries.

In its first year, the Tooele Valley Project Area has already achieved key milestones, including the creation of the Tooele Valley Public Infrastructure District (PID), which is responsible for funding critical infrastructure projects. The PID has begun issuing bonds to support essential developments such as water and wastewater systems, road expansion, and utilities that are vital to businesses.

In addition to the TV PID, the Zenith development group secured short-term loans from the Authority Infrastructure Bank (AIB), providing the necessary financial backing to ensure continued progress on infrastructure and rail advancements.

Author: Nick Archambault
Date: 12/05/24