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Council briefed on proposed Central Business Improvement Area (CBIA 25) ahead of formal vote
Summary
Economic Development staff presented a renewal ordinance for the Central Business Improvement Area (CBIA 25); assessment would fund downtown programs (promotion/operations and holiday lighting) and is projected to raise nearly $6 million over three years.
Economic Development staff briefed the council on April 1 about an ordinance up for a formal meeting vote that would reauthorize the Salt Lake City Central Business Improvement Area (CBIA 25) and levy special assessments to fund downtown promotion and holiday lighting.
Lorena Rifo Jensen, director of economic development, and Peter Minkowski, assistant director, said the renewal process has been underway since February 2024 and includes a board of equalization review. The proposed assessments…
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