# University of Utah Research Park Act

This bill gives the University of Utah complete ownership of about 593 acres of land in Salt Lake City that the federal government previously had a claim to. To understand what this means, you need to know that when the government gave this land to the university back in 1968, it kept what's called a "reversionary interest"—basically a backup claim that said if the university ever stopped using the land for its intended purpose, the property would revert back to federal control. This bill permanently removes that federal claim, so the university now owns the land outright with no strings attached.

The practical effect is that the University of Utah gains much more flexibility in how it uses this property. With full ownership and no federal restrictions hanging over it, the university can develop a research park on the land, lease it to private companies, or use it for other purposes without worrying about losing the property if plans change. This makes the land more valuable to the university and potentially more attractive to private developers and research companies who might want to partner with the institution.

For Salt Lake City residents and Utah taxpayers, this could mean economic development opportunities. Research parks typically bring jobs, attract innovative companies, and generate tax revenue for the area. However, it also means the federal government is giving up any future claim to this valuable property. The bill essentially treats this as a done deal—the university has had the land for over 50 years, and Congress is now formally acknowledging that it belongs to the university permanently rather than keeping the federal government's old safety net in place.

University of Utah Research Park Act

Moore, Blake D.

University of Utah Research Park Act This bill releases to the University of Utah, without consideration, the revisionary interest of the United States in approximately 593 acres of specified nonfederal land.