October 1, 2012

Cover Story

What Doesn’t Kill You…

Almost anything can affect the success of a business. Economics, location ...Read More

Featured Articles

Around Utah

Players

Sections

Spotlight
Kelle Stephens: A Focus on Dixie’s Future

Spotlight
Dan England: Moving Full Speed Ahead

Features
Healthcare Heroes

Features
Mission Critical

Focus
Crossing Borders

Editor's Note
Utah Needs More Women in STEM Fields

Industry Outlook
Women-Owned Business

Special Report
The 2012 Election

Legal Briefs
How Open Should Government Be?

Money Talk
Cash In

Economic Insight
Moment of Truth

Lessons Learned
Road Warriors

TechKnowledge
Ready Cash

EntrepreneurEdge
A Grand Exit

Business Trends
Through the Roof

Living Well
Delicious Dates

Article

Mission Critical

Hill Air Force Base is a Core Engine in Utah’s Economy

Gaylen Webb

October 1, 2012

The Falcon Hill National Aerospace Research Park is another gem within Utah’s growing aerospace industry. Through an Enhanced Use Lease (EUL) contract between the Department of the Air Force and private developer Sunset Ridge Development Partners, LLC, the $1.5 billion aerospace research park is in development on 550 acres of land on the west side of Hill AFB.

The park is expected to create 15,000 jobs in northern Utah over the next 30 years. The ICBM Building—the first commercial building developed at Falcon Hill—opened for business last spring. Some 500 employees working for Northrop Grumman and another 100 to 150 employees of its subcontractors moved into the building in March. Meanwhile, the Hill AFB team that works with them on the Intercontinental Ballistic Missile program will get a new building next door.

Sutton says Hill AFB was trying to shoehorn 4,000 additional workers into the base with no additional space to accommodate them. That, a limited budget and the inefficiencies associated with having the ICBM contractors located off base led to the idea of enhanced use leasing—the statutory authority that allows the Air Force to extract the intrinsic value of public land and then get it back in the form of payment in kind.

Falcon Hill now gives the base a strategic advantage in attracting future workloads. Ultimately, the development will generate 1.8 million square feet of new space for Hill with a nest egg of 600,000 square feet.

Page 1234
Utah Business Social
UB Events View All
Fast 50 Utah Business Event
Aug 27, 2015
The top 50 companies will be selected based on a combination of revenue growth and revenue gene...
Job Summit - POSTPONED UNTIL FALL 2015 Utah Business Event
Sep 24, 2015
NOTE: The date listed below is not secured. We will update as the event gets closer. Thank you ...
Community Events View All
PowerPoint Level 1
Jul 7, 2015
A hands-on, comprehensive overview of Microsoft PowerPoint. Explore the user interface and Ribbon...
Mind Mastery Revealed: How To Get What You Want This Year With Your Brain!
Jul 7, 2015
Do you self sabotage? Are you spinning your wheels with the same goals over and over? Are you ...

info@utahbusiness.com  |  90 South 400 West, Ste 650 Salt Lake City, Utah 84101   |  (801) 568-0114

Advertise with Utah Business

Submit an Event

* indicates required information
* Event Name:
Price (general):
Website (if applicable):
Coordinator's Name:
Coordinator's Email:
Coordinator's Phone:
Venue Name:
Venue Address:
Venue City:
Venue Zip:
Event Capacity:
Date(s):
to
* Event Description:
  Cancel