July 1, 2014

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Article

UVU Acquires 125 Acres of @geneva Property

Press Release

July 1, 2014


Utah Valley University administration finalized the purchase of 125 acres from Anderson Geneva Development. The land, which is part of the 1,700-acre master-planned development @geneva, located at the former Geneva Steel mill in Vineyard, will be used for future buildings and to help accommodate future growth for UVU.

The 125-acre acquisition, along with the 100 acres the university currently owns at the site, will effectively double the university’s footprint in Utah County. The Orem campus currently sits on 235 acres.

“In the years to come, UVU will need to look at a variety of options to accommodate our growth,” said UVU President Matthew S. Holland. “Given our growth projections, we are always looking for new ways to educate more students and fulfill our state-mandated mission of open access, and we have a responsibility to do that for both the current generation and future generations. This will open up a whole new set of possibilities for this institution as it grows.”

In September 2011, UVU purchased 100 acres of @geneva land located 2.3 miles from UVU’s main Orem campus. Two years later, half that property houses four regulation-size intramural fields used by UVU’s intramural and club sports. The UVU administration will be identifying how to best accommodate the institution’s future growth and use of the @geneva development, but potential future uses include additional academic facilities, space for public/private partnerships, parking, and various athletics facilities.

“There isn’t a lot of land left near our campus,” said Val L. Peterson, vice president for finance and administration at UVU. “We only have three building sites left on our Orem campus. This is an excellent investment in the future of UVU and Utah County. The @geneva site offers tremendous advantages for the future of UVU and its students.”

The @geneva development is growing briskly with the construction of 2,000 housing units, a new Larry Miller Megaplex 13-screen theater complex, and the new Vineyard Connector roadway that extends 800 North street west of Geneva Road. The @geneva site will also one day feature a Utah Transit Authority intermodal hub. The site is already serviced by Geneva Road and three freeway interchanges that connect to Interstate-15, which will allow for easy travel between UVU campuses.

“We’re excited to have UVU choose our project for their future expansion. This agreement is a great example of a public-private partnership. It will make UVU the centerpiece of the @geneva master-planned community, the next urban center of Utah Valley,” said Gerald Anderson, president of Anderson-Geneva. “Their commitment to growing here is proof that @geneva is positioned for a bright new future.”

Once the @geneva development is complete, the master-planned community will include a mix of residential and commercial development such as shopping, restaurants, entertainment, offices, and enough space for 26,000 residents. It is anticipated the development will create approximately 20,000 jobs.

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