Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Salt Lake County warns proposed changes to tax‑exempt bond rules could jeopardize downtown redevelopment financing
Summary
County Mayor Jenny Wilson told the council a potential federal change affecting the tax‑exempt status of bonds used in redevelopment financing could raise project costs and threaten the financing model for downtown Salt Lake redevelopment, including a transaction involving Smith Entertainment Group.
Salt Lake County Mayor Jenny Wilson raised a concern at the March 27 WFRC meeting that proposed federal changes to the tax‑exempt status of certain bonds could jeopardize financing for downtown redevelopment projects.
Wilson said banking partners were communicating that if bonds lose tax‑exempt status or if financing costs increase materially, it could add roughly 33% to project costs and make previously authorized downtown deals infeasible. She urged WFRC and…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
