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House approves Capital City Reinvestment Zone bill, clearing way for Salt Lake City participation agreements
Summary
The Utah House passed second substitute SB 272 on Feb. 29, 2024, authorizing Salt Lake City to enter participation agreements for a reinvestment zone around a qualifying professional sports stadium and to consider a citywide 0.5% sales-tax increase dedicated to revitalization projects; the measure passed 50-20.
Salt Lake City would be authorized to enter state-reviewed participation agreements and, with local approval, impose up to a 0.5% citywide sales tax for a defined reinvestment zone under a bill the Utah House approved on Feb. 29.
Representative Ryan D. Hawkins, the House sponsor, told colleagues the measure "this this bill is about capital city reinvestment," describing a zone centered on a qualifying professional sports stadium and listing required elements of any participation agreement, including a master plan covering land use, public safety,…
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