by Lindsay Gough
on Saturday, November 22nd, 2014 at 2:15pm.
An empty plot of 13 acres behind the Dixie Center could soon be turned into a water park. The city of St. George began negotiations with Island Trading Company last week for the sale of the land.
Investors discussed buying the plot for $6.1 million. If sold, they will pay a down payment of 10% now with 4% interest over the next 25 years. They have 90 days to research and create a plan for the property. Although they have seriously discussed the idea of a water park, they are taking this time to be sure. The area is zoned for a long list of business possibilities. If a water park does not work, a family entertainment complex complete with restaurants, shopping and other hospitality business is possible.
While the details are still being worked out, the project looks good for St. George families. Construction alone would provide plenty of jobs, plus the jobs available once the project is finished. It could also encourage more investors to come to St. George and build.
If everything goes smoothly, the park could be finished by late spring or early summer of next year. Since St. George relies heavily on tourism, this would be an excellent addition to the area. A park like this could help compliment the appeal of St. George, Zion’s National Park, Tuacahn, and all the other great tourist destinations.
Local families would enjoy the space as well. During hot, desert summers, a place to cool off is exactly what St. George needs. Projects like these help to reinforce the family atmosphere of St. George and surrounding Southern Utah. With buyers moving from all over the country, more family-fun activities can attract more buyers. Nearby homes can brag the closeness of a water park.
The park is great for St. George real estate, as is the sale itself. The Island Trading Company is buying the land for $10.50 a square foot, which is above market value. Land prices, and especially commercial use land prices, are rising.
All signs point to St. George bouncing back from the economic recession. Property values are rising and tourists are returning. We’re keeping our fingers crossed that a fun, family-friendly water park will be here in St. George within a year. Of course, we will know more after the 90 day research period is up and Island Trading Company presents their final proposal.