At Tuesday’s Council and RDA Board Meetings: the Board had a follow-up discussion about potential redevelopment of the Utah Theater and adjacent retail property. The Board expressed support to preserve elements of the theater and discussed working with Preservation Utah and other organizations to archive the history of the property. The Board expects to take action in November about development plans. […]
Today, Salt Lake City sold the first $20-million installment of the $87-million general obligation bond, approved by voters for the reconstruction of the City’s roads. In September, the Fitch Ratings agency gave Salt Lake City its highest rating—AAA—highlighting the City’s “strong financial management.” The high rating ensured Salt Lake City received a low 2.07% interest […]
On Thursday, October 3rd, Mayor Jackie Biskupski will join the Community Development Corporation of Utah (CDCU), and new homeowners, Mario and Emma Melendez, to kick-off the application period for U.S. Department of Housing and Urban Development (HUD) funding managed by the City. (See full event details below) The City is currently accepting applications from interested entities […]
At Tuesday’s meetings, the Board approved a $3.3 million loan to CW Urban for a new housing development at 378 West 300 South named The Olive. The project would contain 120 condominium units in downtown, ranging in size from studios to two-bedroom units and penthouses. Board Members noted that while the project doesn’t specifically guarantee a level of affordability, The Olive would encourage home ownership in the downtown area at a variety of income levels.
At today’s meeting, the Council received a briefing from the Kem C. Gardner Policy Institute about an apartment market analysis for the Greater Salt Lake Region and Salt Lake City-specific census trends. The Institute reported that despite an increasing supply of housing, particularly multi-family in the past 10 years, Salt Lake City rents continue to outpace other areas of the state.
Salt Lake City recognizes owners of energy-efficient buildings as new City ordinance begins roll-out
Today, Salt Lake City honored buildings with high energy performance at the annual Elevate Buildings Awards. The Department of Sustainability invited all buildings who participated in the City’s energy efficiency benchmarking program and received an ENERGY STAR score of 75 or above to the reception this afternoon attended by Mayor Biskupski. A score of 75 […]
At today’s meeting, the Council received a briefing about a proposal to adjust the boundaries between Salt Lake City and the City of Millcreek. Currently, a small area bounded by 1300 East Street, Highland Drive, Miller Avenue and Woodland Avenue would become part of the Millcreek, as well as a roundabout located at approximately 2300 East and 2700 South.
At Tuesday’s meetings: the RDA Board approved the final step of a development agreement from January 2018 between the City and NWQ, LLC. Read the Press Release here. the Council adopted the $34.5 million Capital Improvement Program (CIP) funding allocations. This funding is for citywide community projects that improve public property (such as streets, sidewalks, parks and buildings), typically […]
The Salt Lake City Council, in our capacity as the Redevelopment Agency Board (RDA), has adopted the final component of a development agreement between the City and NWQ, LLC that was negotiated by RDA staff and approved by Mayor Jackie Biskupski in her role as Executive Director under proper planning, zoning, and land use regulations.
At Tuesday’s meetings, the Board heard from more than 50 individuals during the public comment period regarding a tax increment agreement with NWQ LLC for costs associated with public and site improvements in an area north of the Inland Port. People’s concerns focused on air quality impacts of the proposed development and opposition to Utah Inland Port. The Board is scheduled to take action on the tax increment agreement on Tuesday, August 27.