Provo City Considers Development Agreement for Vesper Amphitheater

Provo City and Vesper Property Company LLC have negotiated a development agreement for a 100.7-acre regional entertainment and hospitality project at the mouth of Provo Canyon. The agreement includes zoning changes, public infrastructure responsibilities, conservation easements, entitled uses, and potential city participation in tax increment or other public financing. Approval is pending legislative action and acquisition of property by the developer.

Scope & details

The full contract record, as filed.

Contract type

DEVELOPMENT_AGREEMENT

Contract term

Up to 3 years to commence construction and up to 7 years to achieve substantial completion following final project approval, with up to 10 years for recording of the Concept Plan

Renewal date

2033-07-14

Renewal

Term includes up to 3 years to commence and 7 years to substantially complete. Agreement terminates if Concept Plan not recorded within 10 years or in event of default. Zoning can revert if deadlines missed.

Document type

StaffReport

Source document

Provo City Corporation StaffReport Planning Commission Agenda Items 1-3 2026-06-24

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Provo City Corporation Planning Commission Agenda Packet 2026-06-24

PENDING

Town of Provo, South DakotaJun 24, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the development agreement contract by City of Provo?

Vesper Property Company Llc was awarded this development agreement contract by City of Provo, as recorded on June 20, 2026.

What type of contract is this?

This is a Development Agreement contract, documented as a staffreport record.

Where was this contract approved?

This contract appears in Provo City Corporation StaffReport Planning Commission Agenda Items 1-3 2026-06-24 (StaffReport), dated June 20, 2026 from City of Provo. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Vesper Property Company Llc hold?

Vesper Property Company Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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