Utah Valley University has finalized a deal to acquire 100 acres at the site of the former Geneva Steel mill, where it plans to build intramural fields and accommodate future building needs to alleviate crowding at its fast-growing, but geographically constrained Orem campus two miles away.
Anderson Geneva Development Inc. is reclaiming the 1,700-acre industrial site in Vineyard for a proposed residential and commercial development. The developer sees UVU as a "major anchor" in the project area and donated half the $20 million he says the property is worth. The university is paying $5 million and the balance is coming from redevelopment agency reimbursements.
"This purchase gives UVU some much-needed mobility as we look to accommodate growth and educate more people," said a news release quoting school president Matthew S. Holland. "Given our growth trajectory, we simply must expand to keep up with student demand and fulfill our state-mandated mission of open access. This agreement offers great potential for our campus."