Salt Lake Suburb Pins Hopes On Downtown Revival
"Last month, South Salt Lake's City Council, acting as the redevelopment board, approved a blight study, which is the first step in creating a redevelopment area. RC Willey, at 2301 S. 300 West, would not be included because the furniture store is part of a previous RDA.
If ultimately approved, the Central Point formula would provide tax breaks to businesses and developers within the new RDA. The boundary extends from 2100 South to Interstate 80 between Main Street and Interstate 15. Property taxes would be captured from any schools or other public agency in the project area."
The city has created a redevelopment area and is hoping to use property tax revenues to fund the ambitious plan.