Sunday, April 19, 2009

Daybreak - Kennecott's cash cow




So, if you are one of the biggest mining companies in Utah, and you just happen to own a lot of land (think square miles upon square miles), and environmental restrictions and economic crises limit your mining usage of all this prepurchased land, what do you do?

Build Utah's largest housing development - Daybreak.

Beginning in 2004, Kennecott Land, owned by Rio Tinto, decided to plan out a community that spans 4,000 acres, includes 20,000 homes, and includes a man-made lake. Not only that, but there are business parks, and the first temple possibly built due to massive housing development. The UTA is expanding Trax out to Daybreak, and even though prices are a little higher than average in the area, the convenience and small yards are attracting plenty of new buyers - possibly even yours truly! What a great way to make money, and a way that most mining companies probably never explored in order to diversify their business to make the best of their resources.


Wikipedia's article on Daybreak

No comments:

Post a Comment