By Mayor Trent Staggs
It was exciting to participate in the groundbreaking ceremony for Phase 2 of Mountain View Village in August. It was just last year that we broke ground on Phase 1, which has already added great value to our community with excellent shopping and dining locations.
Phase 2 of Mountain View Village will bring with it a luxury 14-screen Cinemark theater. It will also bring in many specialty retail and dining locations. A survey conducted last year among Riverton residents indicated that restaurant and entertainment options are the number one and number two commercial businesses residents desire.
This phase will really make Mountain View Village a gathering place for our community, with excellent landscaping and places for outdoor leisure. It will also provide some office space, and hundreds of new jobs.
Beyond fulfilling the desires of our community for more dining, entertainment and specialty retail options, this phase will help the financial wellbeing of our city government. City governments receive a portion of the sales tax for all sales made in their cities. As the economy grows and as we attract high-quality developments such as Mountain View Village, Riverton City’s sales tax revenues go up.
What does this mean for the average resident of city? This means that Riverton can continue to keep fees and taxes low. We have it good in our city. We have a 0% city property tax rate. Our average annual utility fees are lower than our neighbors in Bluffdale, Draper, Herriman and South Jordan. It also means there will be more money that can be spent on essential government functions, such as street, sidewalk, and park maintenance.
Riverton continues to have a strong economic trajectory, due to our improving business climate. Our sales tax revenues are up by 34% since 2015. Developments like Mountain View Village are essential to keep that trend going strong, so that as the cost for services invariably rises (inflation), the city can minimize or eliminate the financial burden that is passed on to residents for those services.
As a city, we are committed to both a thriving business climate and maintaining safe and healthy neighborhoods that provide a strong sense of community. Both are two of the city’s top strategic priorities and as we continue to achieve both, our quality of life will continue to improve. At the end of the day, we all want a community that allows us to live, work and play right here in Riverton.