SLC may tap downtown property taxes for Broadway-style theater
BY DEREK P. JENSEN
The Salt Lake Tribune
There is no consensus from the City Council to build a Broadway-class theater on Main Street, but if that curtain ever rises, City Hall may be allowed to tap a chunk of downtown property taxes to help pay for the $100 million project.
That’s because the council, acting as the Redevelopment Agency board, voted unanimously Tuesday, Sept. 20 to authorize a draft Community Development Project Area for the block extending from 100 South to 200 South between State and Main.
A mega-theater, pushed for years by Mayor Ralph Becker, is proposed for the west end of the block, fronting Main Street. The unspecified amount of money collected through the taxing mechanism would be used to help pay off a theater bond....
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