On Tuesday, the Salt Lake City Council and Board of the Redevelopment Agency approved the creation of the Northwest Quadrant Project Area. The new area will create a dedicated funding stream for development projects to help existing and new businesses within the project area. It’s an exciting opportunity that will help expedite the creation of infrastructure in the area to spur business growth and development. For more information about the new RDA project area, click here.
The Board also approved a loan of $3.2 million to the Salt Lake City Housing Authority to facilitate the redevelopment of the Capitol Motel, located at 1749 South State Street and 120 East Wilson Avenue. The funds will be used to purchase the property. The Housing Authority will use the current facility for transitional housing before developing a mixed-use, mixed-income development on the site.
The Council also discussed and adopted a resolution creating the Arts for All Program in partnership with the County for performances at the Eccles Theater. The program will provide discounted performance tickets to income-qualified City and County residents who may not otherwise be able to afford tickets.