A 40,000-person outdoor concert venue could open at The Point in Draper as early as 2027 after the state board overseeing the former prison site approved the project Tuesday, Nov. 10.
The Point of the Mountain State Land Authority Board approved a plan for Blackwall Ventures to build the outdoor concert and festival venue, KUTV first reported. The lease still needed to be finalized as of the board's vote.
Blackwall planned to invest about $36.5 million and cover construction and operating costs. Under the proposed 10-year lease, the company would pay about $4.46 million in rent. The Point could also receive revenue from parking and subleases.
Events drawing more than 20,000 attendees would need advance approval.
Draper Mayor Troy Walker endorsed the project. "The Point is a critical part of Draper's future, and we are committed to ensuring it becomes a vibrant destination that serves residents and visitors alike," Walker said, according to KUTV.
Dan Reeve, a partner at Blackwall Ventures, said the venue would put the land to productive use while the broader vision for The Point takes shape. Reeve said private investment would activate the site and create economic opportunities, according to KUTV.
The capacity figure carries some uncertainty. KUTV reported the venue could accommodate up to 40,000 people. Blackwall Ventures' own website describes the planned festival grounds as accommodating "over 75,000 attendees at any given time." The approved lease terms were not detailed in available records.
The Point sits on roughly 600 acres of state-owned land where the Utah State Prison once stood. A December 2024 groundbreaking launched construction of Porter Rockwell Boulevard, the site's main road. Phase I of the broader development calls for 6.3 million square feet of construction, more than 3,300 residential units, a 46-acre University of Utah medical campus and a 5,000-seat Mountain America Credit Union event center, according to Utah Business.
The venue announcement comes after a proposed 20,000-seat Vesper Amphitheater in Provo Canyon stalled in September 2026. Developers withdrew their application following weeks of criticism and said they would start over, according to The Salt Lake Tribune. The Orem City Council unanimously opposed that project.
The board's vote count and the venue's specific acreage were not available in public records. The lease still needs to be finalized before construction can begin, with Blackwall targeting a 2027 opening.
