Utah’s capital and the Beehive State’s pro sports tycoon could have a done deal by early July in a move that could transform downtown.
Utah’s backward-hat-wearing billionaire has dropped the puck on a partnership with Salt Lake City that — if everything goes right — will score a new sports and entertainment district in the heart of the state’s capital. A representative from Smith Entertainment Group confirmed the submission of the application but provided no additional comment., the bill that created the path for the partnership. It’s a measure that Mayor Erin Mendenhall heralded as “truly transformative” for the city.that would be repaid by increasing the city’s sales tax rate by 0.5 percentage points, bringing it to 8.25%.
“I would view the application as the kickoff from the applicant to Salt Lake City,” Lewis said, “to then begin the negotiation process for the contract of how and what the 0.5 sales tax will be spent on.”
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