Redevelopment agencies are a tool used by local governments to implement development goals of a community.
Redevelopment projects are designed to spur additional growth, allowing depressed areas to be reestablished as economically productive centers for business and social activity. Below are the RDA project areas for District 2.
North Temple Project Area
The North Temple Project Area (NT) is a major entryway to Salt Lake City. Served by the TRAX airport light rail line, or “Green Line,” the North Temple Corridor connects Downtown to the Salt Lake City International Airport, making the area an opportune site for new transit-oriented development. The RDA is working to attract catalytic and infill development to the area by promoting and utilizing its construction loan programs, environmental assessment grants, and community outreach partnerships. The area’s form-based zoning and significant street improvements are transforming it into a vibrant, walkable, transit-oriented corridor. Visit the Redevelopment Agency’s website for more info.
9 Line Community Reinvestment Area
Through this 9 Line Community Reinvestment Area Plan (“Plan”), the Redevelopment Agency of Salt Lake City (“RDA”), contemplates the creation of a Community Reinvestment Area (“CRA”) to utilize tax increment as a funding mechanism to implement the community vision that has been established through the Westside Master Plan and that has been reaffirmed through the community engagement process utilized to develop this Plan. In addition, the creation of a CRA will assist in closing the gap in identified disparities by providing housing stability, economic development, and improved neighborhood conditions.
This Plan sets forth Goals, Objectives, and Tactics for the utilization of tax increment to leverage the neighborhood’s existing assets while encouraging commercial revitalization, housing stability, economic development, and enhancement of the public realm. Visit the Redevelopment Agency’s website for more info.