- The Point board approved a lease for an outdoor events venue in Draper.
- Blackwall Ventures will develop the venue on 40 acres over 10 years.
- Projected economic impact is $3.9 billion with $163.5 million in tax revenue.
DRAPER — An outdoor events venue is set to be built at The Point, the redevelopment area of the former Utah State Prison site, after its board of directors voted unanimously to approve a lease and development agreement Tuesday.
The developer behind the venue, Blackwall Ventures, in a presentation to the board, said the ground lease would encompass nearly 40 acres over 10 years to build and run the venue.
The venue is projected to bring $3.9 billion in economic impact and $163.5 million in new tax revenue to the state, according to Daniel Reeve, a partner at Blackwall Ventures…