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Response to $54 million/year funding demand for Salt Lake City entertainment district by end of 2024
5
Resolution / Starting Odds
Fully approved • 33%
Partially approved • 33%
Rejected • 34%
Publicly available city council documents or official announcements
Story
Utah Jazz Owner Seeks 99-Year Lease, Public Funds for Salt Lake City Entertainment District
May 4, 2024, 05:02 PM
Ryan Smith, owner of the Utah Jazz, is seeking significant public funding and control over three downtown blocks in Salt Lake City to establish a new entertainment district. The proposal includes a 99-year lease, demands for tax increment financing, and $54 million/year for 30 years in sales tax. Smith's ambitious plan also involves constructing facilities with unlimited building heights and includes a heliport. The entertainment district, expanding to two additional blocks directly east of the Delta Center, is intended to be the new home for both the Utah Jazz and a forthcoming NHL team, revitalizing the area around the Delta Center.
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Similar markets
Yes • 50%
No • 50%
Less than $500 million • 25%
$500 million to $1 billion • 25%
$1 billion to $1.5 billion • 25%
More than $1.5 billion • 25%
Budget Increase • 25%
Budget Maintained • 25%
Budget Cut • 25%
Additional Funding Secured • 25%
Funding Approved • 33%
Funding Denied • 33%
Case Dismissed • 34%