Heber Tax Vote

Heber City’s council, in a razor‑thin 3‑2 split, has approved a tax‑increment financing package for Station Seven, the rebranded New London development that will rise north of Smith’s Marketplace. The Developers claim the CRA will elevate the project with a hotel, a parking garage, and community gathering spaces, stretching beyond the basic residential and retail components that would otherwise emerge. From an investor lens, the CRA’s projection of $16 million over thirty years versus the baseline $6 million is attractive, yet the projected increase depends on a greying assumption that the surrounding streets will handle a flood of vehicles—an assumption contested by the council’s moderate members. Aesthetically, the design sketches boast large glass facades and a podium of native sandstone, but no indication of oxidized copper or other high‑quality finishes. Bottom line, the ROI is decent, but the risk profile is high. Therefore, the prudent recommendation is to BUY, but gently sue the HOA for a parking clause.