He that reapeth within the Mayflower resort region is predicted to soweth. A lot.

Utah’s Military Installation Development Authority staff shared its forecasted return on investment for its Wasatch County Military Recreation Facility, the currently-under-construction Mayflower resort, during a Thursday meeting with several developers in the area as well as Wasatch County officials.

During a presentation given by Paula Eldredge, MIDA’s chief financial officer, a slide about the facility showed that as of 2023, the total ROI is $187 million. The data showed that there are 170 new residents, 140 affordable housing lots and growing recreational facilities in the area.

In 2030, the ROI for the facility is set to be $6.6 billion, with 2,900 new residences, over 5,000 new jobs and a 700,000 square foot village, under construction just off of Exit 8 on Victory Highway.

“We actually secured financing at lower interest rates back in 2020 and 2021,” Eldredge said.

Though only 100 of the eventual Mayflower resort’s 300 hotel rooms will be set aside for members of the U.S. military to reserve at a reduced rate, MIDA military recreation facility project area director Heather Kruse explained to The Park Record that the partnerships MIDA has formed with other local developers are an important part in establishing recreation and infrastructure in the region.

“These private partners, they actually are the critical mass that we need to be able to support the resorts the recreational area,” Kruse said.

Through an interlocal agreement with Wasatch County, MIDA has been able to use some of the entity’s tax dollars in working to establish the project with the idea that — once things are more under way and established — the tax revenue from the area will make the investment worthwhile for the county.

Developers in the area also benefit from MIDA’s involvement, as they can receive future partial reimbursement for some of the vital infrastructure they make in the area.

“The idea behind that,” Kruse said, “is because then that helps kickstart the development itself. It gets things moving, it gets the growth and it actually brings that critical mass faster because the developers are able to have the dollars; they know they can put that in, they can invest quicker, they can build quicker.”

While such agreements help MIDA in its mission to help with military morale and welfare, Kruse explained that it also assists in the organization’s other main endeavor.

“We are also tasked with developing economic development for the state of Utah with military benefits,” she said.