West Valley City touts life‑sciences growth, Maverick Center revenue and fast permit turnaround
February 20, 2026 | West Valley City Council, West Valley City, Salt Lake County, Utah
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Ron Springmeier briefed the West Valley City Council on a string of recent economic-development wins, saying life‑science firms and large retail and distribution tenants are choosing the city for proximity to a growing biomedical cluster.
Springmeier said NewSano has relocated its corporate headquarters from California to West Valley and that the city expects a new, 211,000‑square‑foot critical minerals facility in the Lake Park area. He also identified activity at the Medical Innovation and Technology (MIT) campus, and named companies—including Ratio Therapeutics and Sago Therapeutics—as examples of firms expanding or planning to expand locally. "They've also relocated their corporate headquarters from California to West Valley," Springmeier said of NewSano.
The presentation covered the Maverick Center, where Springmeier announced a new general manager, Jeff Davis, and highlighted an increase in concerts and ticketed events. He described a stage-sponsorship agreement with CanyonView Credit Union structured at "$250,000 a year for five years" and said the arrangement was drafted to avoid exclusivity that would limit future naming-rights negotiations.
Springmeier gave a fiscal snapshot for the Maverick Center in fiscal 2025, reporting operating profit and about $14.3 million in gross ticket revenue from 49 non‑Grizzlies events. He told council the venue is booking national acts and benefiting from limited arena availability elsewhere in the region.
On development, Springmeier said the city issued 120 commercial permits in 2025, representing roughly $330 million in new capital investment: approximately $283 million for new construction and $46 million for tenant improvements. He attributed the city's competitive advantage to faster permit turnaround, digitized portals, pre‑submission multi‑department meetings and a concierge tracking approach: "If it's a TI permit, we'll turn that in 3 to 6 days," he said, and staff reported routinely delivering redlines within 48 hours to applicants.
Council members asked operational questions — for example, who posted canceled‑concert flyers on power poles — and staff agreed to follow up and remove unauthorized posters if they recur. Springmeier closed by saying additional announcements related to Lake Park development could come in the next 30–60 days.
What happens next: staff will continue permitting and recruitment work and said more project announcements are expected soon.
Springmeier said NewSano has relocated its corporate headquarters from California to West Valley and that the city expects a new, 211,000‑square‑foot critical minerals facility in the Lake Park area. He also identified activity at the Medical Innovation and Technology (MIT) campus, and named companies—including Ratio Therapeutics and Sago Therapeutics—as examples of firms expanding or planning to expand locally. "They've also relocated their corporate headquarters from California to West Valley," Springmeier said of NewSano.
The presentation covered the Maverick Center, where Springmeier announced a new general manager, Jeff Davis, and highlighted an increase in concerts and ticketed events. He described a stage-sponsorship agreement with CanyonView Credit Union structured at "$250,000 a year for five years" and said the arrangement was drafted to avoid exclusivity that would limit future naming-rights negotiations.
Springmeier gave a fiscal snapshot for the Maverick Center in fiscal 2025, reporting operating profit and about $14.3 million in gross ticket revenue from 49 non‑Grizzlies events. He told council the venue is booking national acts and benefiting from limited arena availability elsewhere in the region.
On development, Springmeier said the city issued 120 commercial permits in 2025, representing roughly $330 million in new capital investment: approximately $283 million for new construction and $46 million for tenant improvements. He attributed the city's competitive advantage to faster permit turnaround, digitized portals, pre‑submission multi‑department meetings and a concierge tracking approach: "If it's a TI permit, we'll turn that in 3 to 6 days," he said, and staff reported routinely delivering redlines within 48 hours to applicants.
Council members asked operational questions — for example, who posted canceled‑concert flyers on power poles — and staff agreed to follow up and remove unauthorized posters if they recur. Springmeier closed by saying additional announcements related to Lake Park development could come in the next 30–60 days.
What happens next: staff will continue permitting and recruitment work and said more project announcements are expected soon.
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