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Senate approves SB272 to let UTA partner on limited transit‑oriented development projects
Summary
The Senate passed a substitute of SB272 allowing the Utah Transit Authority to act as a limited partner on development of up to five transit‑oriented projects, require developers to invest at least 25 percent of project value, prevent board members from benefiting, and return developed property to the tax rolls.
Senators passed second substitute SB272 after floor debate about conflicts of interest and limits on UTA participation in property development.
Sponsor Senator Stevenson described the substitute as allowing the Utah Transit Authority (UTA) to participate as a limited partner in development of parcels it owns along commuter lines, subject to limits: UTA would be restricted to…
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