The city is considering a below-market sale of the historic Northwest Pipeline Building property to facilitate 'The Grove' project, which will provide 196 affordable housing units and preserve a historically significant building. This addresses the critical need for affordable housing and the challenge of financing such projects, especially with adaptive reuse of historic structures.
At a glance
Declining — being discussed less frequently. 0 mentions in the last 30 days, 2 the 60 before, 1 the 90 before that.
Installation could cost around $75,000 if done in one phase.
Residents and visitors benefit from clearer identification of historic areas.
No direct harm identified, but the city foregoes potential higher revenue from a market-rate sale of the property.
The city wants to install special signs in historic districts to help people identify them and preserve their character.
Salt Lake City dings developer for 'unfortunate' mishap over historic building KSL News
The city is considering a below-market sale of the historic Northwest Pipeline Building property to facilitate 'The Grove' project, which will provide 196 affordable housing units and preserve a historically significant building. This addresses the critical need for affordable housing and the challenge of financing such projects, especially with adaptive reuse of historic structures.