SALT LAKE CITY

A Downtown Salt Lake revitalization could be beneficial. How could it come to life?

Jun 5, 2024, 11:20 AM

The Delta Center is pictured in Salt Lake City....

The Delta Center and the skyline in Salt Lake City on Wednesday, May 8, 2024. (Jeffrey D. Allred, Deseret News)

(Jeffrey D. Allred, Deseret News)

SALT LAKE CITY – Smith Entertainment Group’s proposed Downtown Salt Lake revitalization of the area near the Delta Center has the potential for a big impact on Salt Lake. 

According to Keven Rowe, a member of Buchalter Law Firm’s real estate practice group, the impact “depends on how much they actually do.” 

Specifically, Rowe said that revitalizing the area east of the Delta Center could bring more traffic to surrounding areas. Specifically, he mentioned The Gateway. 

“I think it [has] suffered from being a bit isolated from the main downtown core area,” said Rowe. 

In the early 2000s, The Gateway was a bustling entertainment destination filled with stores and restaurants. However, its popularity eventually declined as City Creek was developed. According to a post on the Kem C. Gardner Policy Institute’s blog, Vestar, the current owner of the property, has been working to make it a “social hub.”

The Gateway is yet to be mentioned in any of Smith Entertainment Group’s proposals to revitalize the area near the Delta Center. However, the center is nearby. 

Securing funding for Downtown Salt Lake revitalization

According to Rowe, there are a couple of ways that Smith Entertainment Group could fund the Salt Lake revitalization.

Firstly, the company could get money from a bill that passed during the 2024 legislative session. According to Rowe, it is contingent upon successful negotiation between SEG and Salt Lake City. 

“[The] Utah State Legislature passed a bill that provides them sales tax incentive to use for their development,” said Rowe. 

S.B. 272 opened up the opportunity. It established a revitalization zone in Downtown Salt Lake City. Since the legislation passed, KSL.com reported that SEG has applied to lease the two blocks east of the Delta Center. The company currently owns the Delta Center. 

Related: Utah lawmaker asks for $1 billion for an NHL stadium in Salt Lake City

“It provides for [a] half percent sales tax increase for Salt Lake City residents. All of the money would go to the project area,” said Rowe. 

The company has asked the Salt Lake City council to approve the sales tax increase. They are still waiting for approval.

“Beyond that, they would have to come up with private funds,” said Rowe. 

Who gives the green light?

Rowe said that the public will not have an opportunity to vote on the proposal. 

“The way I understand the legislation is that the public wouldn’t have a vote, with respect to that agreement and the bill that was passed,” said Rowe. 

According to Rowe, the agreement would need to be approved by the Salt Lake City council, the mayor, and a three-person committee appointed by the legislature. 

 

 

We want to hear from you.

Have a story idea or tip? Send it to the KSL NewsRadio team here.

Salt Lake City

...

Eliza Pace, KSLTV.com

‘Hazmat incident’ in Murray causes road closures and evacuations

Officials are responding to a hazmat incident in the area of 3900 South and 250 West.

8 hours ago

A photovoltaic panel shines in the sun at the Appaloosa Solar 1 project near Cedar City. Rocky Moun...

Heather Peterson

Businesses on Salt Lake City’s west side taking steps toward using clean energy

A few businesses on Salt Lake City's west side are going solar. They hope to encourage others to do the same.

12 hours ago

Temperatures in Salt Lake City are only expected to reach 77 degrees on Monday. However, winds and ...

Adam Small

Temperatures expected to cool down, while winds and wildfire danger rise

Temperatures in Salt Lake City are only expected to reach 77 degrees on Monday. However, winds and wildfire danger are on the rise.

2 days ago

Construction will close all 2100 South eastbound traffic for two blocks beginning on Monday....

Carter Williams, KSL.com

More traffic headaches coming to 2100 South reconstruction project in Sugar House

A project to overhaul a major Sugar House road and the utilities underneath it is moving along, but not before another major traffic shift.

2 days ago

two participants at the National Veterans Golden Age Games are shown saluting...

Michael Martinez

Around 2,000 volunteers needed for National Veterans Golden Age Games

Up to 2,000 volunteers are needed for the National Veterans Golden Age Games. This is the first time the games have been held in Utah.

4 days ago

two people sit in the summer heat...

Adam Small

Salt Lake registers hottest daily overnight low temperature Friday

Salt Lake City registered its hottest overnight low temperature ever recorded on Friday, June 14.

4 days ago

Sponsored Articles

Underwater shot of the fisherman holding the fish...

Bear Lake Convention and Visitors Bureau

Your Bear Lake fishing guide

Bear Lake offers year-round fishing opportunities. By preparing ahead of time, you might go home with a big catch!

A group of people cut a purple ribbon...

Comcast

Comcast announces major fiber network expansion in Utah

Comcast's commitment to delivering extensive coverage signifies a monumental leap toward a digitally empowered future for Utahns.

a doctor putting her hand on the chest of her patient...

Intermountain Health

Intermountain nurse-midwives launch new gynecology access clinic

An access clinic launched by Intermountain nurse-midwives provides women with comprehensive gynecology care.

Young couple hugging while a realtor in a suit hands them keys in a new home...

Utah Association of Realtors

Buying a home this spring? Avoid these 5 costly pitfalls

By avoiding these pitfalls when buying a home this spring, you can ensure your investment will be long-lasting and secure.

a person dressed up as a nordic viking in a dragon boat resembling the bear lake monster...

Bear Lake Convention and Visitors Bureau

The Legend of the Bear Lake Monster

The Bear Lake monster has captivated people in the region for centuries, with tales that range from the believable to the bizarre.

...

Live Nation Concerts

All the artists coming to Utah First Credit Union Amphitheatre (formerly USANA Amp) this summer

Summer concerts are more than just entertainment; they’re a celebration of life, love, and connection.

A Downtown Salt Lake revitalization could be beneficial. How could it come to life?