Salt Lake City issues statement on SB 272 (Capital City Revitalization Zone Bill)

April 17, 2024

Tonight, the Salt Lake City Council was updated on the progress of SB 272, the Capital City Revitalization Zone Bill, passed earlier this year by the State Legislature and signed by Governor Cox. The Salt Lake City Attorney briefed Council Members on what the legislation does and the city's role.

Salt Lake City Corporation received an application from Smith Entertainment Group on April 4 to create a Capital City Revitalization Zone, which could facilitate redevelopment around the Delta Center. Below is a proposed timeline for the potential development agreement and potential sales tax increase.

Future dates of action:

May 7 - Salt Lake City Council follow-up briefing. Smith Entertainment Group and Salt Lake City officials will discuss the proposed participation agreement draft.

May 21 - Public hearing on the Capital City Revitalization Zone (SB 272) agreement.

July 2 - Possible City Council vote to approve agreement.

Salt Lake City Mayor Erin Mendenhall and the Salt Lake City Council have no further comment on any developments related to this legislation at this time.

Tags: Capital City Revitalization Zone, Delta Center, Salt Lake City, Salt Lake City Council, Salt Lake City Mayor Erin Mendenhall, SB272, Smith Entertainment Group

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