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School board members alarmed as Sandy City seeks up to 80% tax increment for Housing and Transit Reinvestment Zone
Summary
Sandy City's proposed Housing and Transit Reinvestment Zone (HTRZ) could divert up to 80% of property tax increment for as long as 25 years, board members warned; the board authorized a letter to Sandy City and scheduled outreach to legislators.
Canyons School District officials on Sept. 2 expressed concern after Sandy City presented a Housing and Transit Reinvestment Zone application that would allow the city to capture up to 80% of tax increment in the zone for as long as 25 years.
Leon Wilcox, the district’s business administrator, described HTRZs as a state legislative tool created in 2023 and amended in a subsequent session. He said qualifying parcels must be within one‑third of a transit station and that the Sandy proposal would allow very high density development — the application estimates roughly 1,500 housing units, office space and a hotel — and projects $144 million in tax increment for the sponsor…
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