To make Geneva a success it needs to be looked at as an investment, and to start any investment, you have to put money into it. Geneva is the benefactor of the largest redevelopment agency ever created in Utah, giving it great financial opportunities for growth and development.
Developers who work to grow the Geneva community will be encouraged to build quickly and cost-effectively while benefiting from incremental tax financing. That means that developers could potentially benefit from a projected $335 million reimbursement lasting 35 years.
The RDA will also provide funding to qualified infrastructure remediation expenses as well as tenant incentives—all contributing to the sustained growth and financial returns of Utah County’s new downtown, Geneva.