Lehi's City Council will vote Wednesday, Oct. 21, on a 53-acre housing zone near the FrontRunner station at Thanksgiving Point.

Resolution 2026-43, listed on the Oct. 21 City Council agenda, would approve an interlocal agreement between Lehi City and the Lehi City Redevelopment Agency establishing the Thanksgiving Point Housing Transit Reinvestment Zone. Both bodies must sign off for the zone to move forward. The RDA takes up its own version, Resolution R2026-08, at the same meeting.

The meeting starts at 4 p.m. at the Lehi Civic Center, 131 N. 100 E.

The RDA's Oct. 21 agenda also includes two developer participation agreements. Resolution R2026-07 covers a deal with Thanksgiving Point Station Development Partners LLC. Resolution R2026-06 involves a separate agreement with Stack Soccer Field LLC.

The HTRZ interlocal has been working its way through Lehi's approval process for months. It first appeared on the City Council agenda April 14 under a different resolution number, 2026-29. It was relisted as Resolution 2026-43 on the June 9 and July 14 agendas before landing on Wednesday's agenda.

What is an HTRZ?

A Housing Transit Reinvestment Zone is a type of tax increment financing district aimed at high-density, mixed-use development near transit corridors. State Rep. Cory Maloy, who represents Lehi in Utah House District 52, described the tool in a blog post on his website. The state can capture up to 80 percent of property tax increment from affected taxing entities for up to 25 years to subsidize development, according to Maloy.

Maloy wrote that the Thanksgiving Point proposal "covers 53 acres in the heart of Silicon Slopes" and could include up to 2,000 residential units. He projected the financing gap at hundreds of millions of dollars, to be filled through public tax increment. Maloy also wrote that residents have raised questions about traffic, density and whether the development reflects what the community wants for the area.

The Legislature set a sunset on new HTRZs through HB 507. That law prohibits creating new zones after Jan. 1, 2028, according to Maloy's post.

The RDA agenda also includes a possible closed session to discuss pending or reasonably imminent litigation. No further details were listed.

Wednesday's meetings are open to the public. Residents needing accommodations can contact the city recorder at 385-201-2269.