The Military Installation Development Authority (MIDA) has authorized the purchase of a 42-unit residential building within the Pioche Village development at Deer Valley’s East Village. This acquisition is part of MIDA’s ongoing commitment to expanding workforce housing within its designated Military Recreation Facility Project Area in Summit County, Utah.
The property, known as Building D, will be fully owned by MIDA and repurposed to house local workers in the community. The acquisition aims to support the region’s growing demand for employee housing amid significant resort development activity.
In a unique short-term arrangement, 14 of the 42 units will be leased at market rate to the upcoming Grand Hyatt Deer Valley, a 442-room luxury hotel scheduled to open in November 2024. The lease will span less than two years and enable the hotel to temporarily accommodate employees in close proximity to the resort.
During the same session, MIDA’s board approved a $81 million operating budget for the upcoming fiscal year (2024–2025), marking a substantial reduction from the prior year’s $126 million budget. The decrease reflects strategic reallocations of resources and a shift toward targeted infrastructure and housing priorities.
Additional Notes:
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The Pioche Village project is located within the MIDA project area boundaries.
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The workforce housing acquisition represents one of several proactive measures aimed at mitigating housing shortages in high-tourism zones.
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MIDA continues to explore long-term public-private partnerships to expand workforce and seasonal housing options throughout the Wasatch Back region.
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The workforce housing property lies within an established MIDA development zone.
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This move is part of a broader strategy to mitigate the regional housing shortage, especially in tourism-dependent areas.
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MIDA is actively evaluating other opportunities for collaborative housing solutions across the Wasatch Back.
This acquisition underscores MIDA’s dual mission of supporting Utah’s military recreation assets and bolstering the workforce infrastructure required to sustain growing resort economies such as Deer Valley.
