Oak View Group and Mountain America Credit Union have struck a deal to name the new 5,000-seat multipurpose events arena in Draper, Utah, the Mountain America Event Center. A source with knowledge of the deal said it’s a 10-year agreement valued in the low eight figures.
The venue will sit amid The Point, a 104-acre development in downtown Draper that could expand to 600 acres of state-owned land (overseen by the Point of the Mountain State Land Authority). Draper is positioned in the rapidly growing region south of Salt Lake City and north of Provo, at the foot of the Wasatch Mountains.
The project is the largest development in Utah history and is led by The Point Partners, a real estate development joint venture between Lincoln Property Group, Colmena Group and Wadsworth Development Group. Lincoln is known in the sports world for developing The Star, the Cowboys’ training facility and team HQ in Frisco, Texas, and, currently, the Browns’ Brook Park mixed-use development project…