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Executive Summary
By The Numbers
- 20 acres of entitled property fronting Rock Spring’s I-80 Freeway
- 504 units approved with full building plans
- Total cost estimated at $40Million
- Clubhouse with pool - 10% profit margin anticipated
Environment
- Local real estate values have risen steadily in predictable cycles over the past 20 years. Employment in the region remains consistently high, and recent trends reported indicate that new employers are finding the area extremely attractive.
- 40% increase in population since 2000
- Rock Springs is in a severe shortage of affordable housing.
- Home of the largest natural gas field in North America.
- Gas and Oil companies are planning on doubling their workforce and support jobs.
Location
- Rock Springs is 2.5 hours from Salt Lake City and 5 hours from Denver driving.
- Rock Springs had 19,000 people in the City as reported during the 2000 Census. It is estimated, based on sales tax, that there are over 50,000 people working and living in Rock Springs currently.
- The average oil worker is making $52,000 per year.
