Development Project
Summary
This issue involves a disagreement between a developer and the Salt Lake City Council over a proposed tower project east of downtown.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Impact analysis
The City would sell the 2.42-acre property at a below-market sales price of $1 million, paid over a 55-year period, representing foregone revenue for the city in exchange for public benefits.
Low- and moderate-income residents (through affordable housing), the community (through commercial space, public plaza, and historic preservation), and the developer (through favorable land acquisition terms).
The city budget (through foregone market-rate land sale revenue).
Mentions & discussions (3)
Intermountain unveils new details for new SLC hospital at Sears site
Nearly two years after Salt Lake City agreed to rezone the site that is set to become the next Intermountain hospital, the healthcare provider has released new details and the first renderings that provide the clearest picture of the layout of the in...
Developer, Salt Lake City Council clash over proposed tower east of downtown
Developer, Salt Lake City Council clash over proposed tower east of downtown KSL.com
Intermountain Health to relocate LDS Hospital in Salt Lake City
SALT LAKE CITY — LDS Hospital will be relocated to downtown Salt Lake City following years of speculation.However, it's unclear what's next for the old hospital site, which has been a fixture of the city's Aven...
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