Tooele is finally turning the long-vacant Broadway Hotel site into new housing. It’s a major step toward cleaning up a local eyesore while helping solve the city's ongoing housing shortage.
At a glance
Rising — being discussed more frequently. 1 mention in the last 30 days, 1 the 60 before, 1 the 90 before that.
The project could potentially capture 75% of property tax increment in the area to finance infrastructure, though no final agreement is in place.
The National Guard and the city, by gaining necessary water infrastructure for future development.
Residents or businesses in the area if the tax capture reduces funds available for other city services.
The agency finalized its $2.155 million budget for the next year. This money funds local redevelopment projects that shape the city's growth.
The city is planning how to spend the remaining funds in the Redevelopment Agency account. Since the project area has sunset, these are the final funds available for use.
The city is investing $500,000 to clear an old building at the PID to attract a new manufacturing company. This is a big move to bring more jobs to Tooele.
The city is amending its agreement with the Military Installation Development Authority (MIDA) to add more land to the project area, which officials say will help secure federal funding for infrastructure like fiber and rail.
The city is considering partnering with MIDA to expand a project area. The goal is to use tax incentives to pay for bringing water to a currently undeveloped area, which would allow for a new National Guard armory and other growth.
Tooele’s historic Broadway Hotel site became a toxic debris pile. Now, it could finally become housing. The Salt Lake Tribune
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