Feb. 2025 | Vol. 34 Iss. 2
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HERRIMAN OFFERING TAX INCENTIVES TO ATTRACT BUSINESSES FOR NEW COMMERCIAL CENTER By Elisa Eames | e.eames@mycityjournals.com
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fter the master development agreement was finalized, the city council unanimously approved a commercial business development called the Commons at Herriman Towne Center at in December. The development will be located along the west side of Mountain View Corridor and the north side of 13400 South and will feature a variety of businesses, including restaurants, a bank or credit union, apartments, a big box store anchor and other retail stores. An average of 1.25 parking stalls per residential unit is planned. “The Commons [is a project] we’re grateful and excited for,” City Communications Manager Jon LaFollette said. Patrons will access the commercial space from Herriman Rose Blvd., Fort Herriman Parkway and 13400 South. The developer, Elevated Acquisitions, anticipates the first businesses will open by the end of next year. The total area for the Commons at Herriman Towne Center will be approximately 32 acres. Herriman is providing an incentive package to the developer to entice desirable businesses and to bolster the project in general. The total package value may not exceed $36,900,466 and expires in 2035, whichever comes first. It will use three methods: a sales tax incentive, credits to offset development fees and tax-increment financing. “The council and developer… agreed to property tax and sales tax incentives… These incentives are designed to enable Continued page 5
A conceptual site map reveals a possible design plan for the Commons at Herriman Towne Center. (Rendering courtesy Herriman City)
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