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Salt Lake City Council unanimously creates public infrastructure district to finance downtown redevelopment
Summary
At a limited formal meeting the Salt Lake City Council voted unanimously to create a public infrastructure district to help finance redevelopment of the Delta Center, Salt Palace, Abravanel Hall and UMOCA and related downtown projects. Council members expressed support while warning of limits on municipal control and long-term financial risks.
The Salt Lake City Council unanimously adopted a resolution creating a public infrastructure district to facilitate financing the redevelopment of the Delta Center, Salt Palace, Abravanel Hall and the Utah Museum of Contemporary Art (UMOCA), and related downtown projects.
Council members said the district is a financing vehicle that preserves the city’s seat at the table as redevelopment moves forward. Council member Petro said constituents should understand the difference between recent state-level actions and the city’s vote: “What we do today with this resolution is to simply create a vehicle. We create the entity that is going to make sure the bills get paid.”
The resolution, the council said, is intended to make it easier to fund a…
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