Black Hills Knowledge Netowork

Development Could Include Shopping Center, Sports Complex, Housing, and School Site
Development Could Include Shopping Center, Sports Complex, Housing, and School Site
Dakota Meadows
July 3, 2015

Spearfish Developers Propose Extensive Dakota Meadows Development

Several Spearfish developers have come together to form Two Bar T Ranch LLC and have proposed a $210M development, called Dakota Meadows, that would be located near I-90 and Highway 85’s intersection at Exit 10 in Spearfish, reports the Black Hills Pioneer.

The development plans include an indoor hockey arena, a 322,000 square foot outdoor lifestyle shopping center, three hotels and restaurants, an outdoor sports complex, a furniture store, a school, a travel center, and 400-500 acres of home sites. Supporters of the development hope that this kind of addition to Spearfish would bring more people to the area, as well as opportunities for state athletic events and large conferences and trade shows.

Spearfish Mayor Dana Boke says that many of the details have yet to be decided on, and that the City of Spearfish will be beginning studies on the feasibility of the project. She also emphasized the importance of Spearfish’s downtown to the area and hopes that the proposed development would not provide negative competition that could damage downtown businesses.

A 2013 analysis of retail spending in Spearfish showed that the city lost nearly $220M yearly from people choosing to shop out of town, demonstrating the need for new retail businesses. A 2014 GreenPlay LLC study showed that Spearfish is also in need of more sports fields and facilities. The outdoor shopping center would either feature brands not found in South Dakota or be made into an outlet mall featuring well-known brands. The Termesphere Gallery would also be relocated to this shopping center, to better feature Spearfish-based artist Dick Termes.

As for the indoor hockey arena, developers have already contacted the North American Hockey League and have heard from a team owner interested in bringing a team to Spearfish. Yankton built a similar arena and was able to pay off the $1M costs in 9 years using funds from their popular $5 skate nights. Spearfish has also reached out to the South Dakota High School Activities Association about the possibility of hosting state athletic tournaments.

The inclusion of a school within the Dakota Meadows development is also intriguing to the Spearfish School District, which has seen increased enrollment in previous years. Dave Peters, Spearfish Superintendent, says the district has been looking into several options for expansion, including the new development, but has reservations about making large a large commitment without assurance that the student population will continue growing.

Funding for the development would come from private investment, with expectations for a business improvement district (BID), tax incremental financing districts (TIFD) and P3 financing. A Sales Tax Increment Financing District would mark sales tax generated by development to help fund construction and further improvements to the area.

For more information about this proposal, visit the Dakota Meadows website, the Spearfish Economic Development website, or the Black Hills Knowledge Network archive.

Related items

  • Lead-Deadwood School Board Announces Vacancy

    Board member Bob Nelson, Jr. submitted his resignation to the Lead-Deadwood School Board at its October 8th meeting, reports the Black Hills Pioneer. It was…
  • Black Hills Energy Donates $25K To Booth Society, Inc.

    Black Hills Energy recently donated $25,000 to the Booth Society, Inc. – the nonprofit group that supports the D.C. Booth Historic National Fish Hatchery and…
  • Rapid City’s YMCA Expands Childcare Programs

    Rapid City’s YMCA has partnered with Rapid City Area Schools (RCAS) to expand its childcare program, reports KOTA Territory News. The project, which began approximately…

Get Involved!

  • Need more information? Rapid City Public Library associates are standing by to answer your questions! Ask away in the box below during business hours for live feedback.

    For more on this feature, click here.

  • bhkn donate

    Enjoy our work? Donate today to ensure that community members will have access to our wealth of news, history, and data for years to come.

  • 211 logoDid this post inspire you to get involved? Visit our partner 211's Volunteer Database to find volunteer opportunities in your community.

525 University Loop, Suite 202
Rapid City, SD 57701
(605) 716-0058   [email protected]