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
Declining — being discussed less frequently. 0 mentions in the last 30 days, 1 the 90 before that.
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).
A resolution to authorize the sales price and term sheet for The Grove Project at 321 East 200 South. This development includes 196 affordable housing units, commercial space, and public amenities, utilizing a below-market sales price for city-owned land to promote affordable housing and historic preservation.
Developer, Salt Lake City Council clash over proposed tower east of downtown KSL.com
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