Salt Lake and Smith Entertainment Group downtown plan includes ticket fees, contract terms revealed
Jul 2, 2024, 9:30 PM
A view of Japantown Street, with the Japanese Church of Christ in the foreground and the Delta Center behind it across 300 West. the future of Japantown was discussed in Tuesday's downtown revitalization plan meeting between Salt Lake City and the Smith Entertainment Group. (KSL TV)
(KSL TV)
SALT LAKE CITY — The unofficial terms of the contract between the Smith Entertainment Group and Salt Lake City to create a revitalization zone was made public Tuesday, and a key provision sets money aside from every ticket sold at the Delta Center to be handed back to the city.
That’s just one provision of the contract which also sets up a number of other “public benefits” that the two sides have come to terms on.
Smith Entertainment Group and the city still need to approve this contract, known as the participation agreement, before Salt Lake City votes to increase the sales tax for city residents up to .5% to help fund Delta Center renovations and revitalize the two blocks east of it.
Main Street revitalization still on the table for downtown SLC
“We feel great about public benefits, about the security of the teams, about the revitalization of so much more than just the Delta Center,” said Salt Lake City Mayor Erin Mendenhall directly following a city council work session unveiling the plans.
Smith Entertainment Group also expressed its confidence in the agreement.
“We’ve said many times that if you gave us a perfect arena and nothing else, we wouldn’t do this. There’s a lot of other options we have. This is because we’re invested in Salt Lake City. We’re invested in this community. And we’re invested in the state of Utah to lift everybody up,” said SEG Executive and principal on the downtown project, Mike Maughan.
Read the full story at KSLTV.com.
