This Community Development Area (CDA) includes all of Block 70 in Downtown Salt Lake City with boundaries from Main Street to State Street and from 200 South to 100 South. The RDA collects tax increment generated from properties on Block 70, including the first-class 111 Main office tower that was constructed in conjunction with the RDA-led George S. and Dolores Doré Eccles Theater and Regent Street projects. Current projects include:
In 1992, Salt Lake City condemned Derks Field, a minor-league baseball stadium built in 1946 and located on 1300 South. The City hired an architectural firm to determine the feasibility of renovating the existing structure. It concluded that building a new facility was more cost effective. In 1993, the RDA created a new project area for the sole purpose of building a new baseball stadium and parking facility. The new Smith’s Ballpark, formerly SpringMobile BallPark or Franklin Covey Field, has a 15,500 seat capacity and is the home of the Salt Lake Bees. This project area does not generate tax increment.
The Central Business District Project Area (CBD) includes much of downtown Salt Lake City, the commercial heart of not only the city, but the State of Utah. The guiding plans for the CBD call for strengthening the City’s tax base through economic development and growth. These efforts should provide for new commercial and housing development, as well as rehabilitation of existing downtown buildings. The CBD Project Area Plan also recommends installation of public improvements, including transportation enhancements and cultural facilities. Within the area’s 266 acres, which are bounded by North Temple and 500 South, and by 400 West and 200 East, the RDA generates tax increment from a selected 100 acres. The remaining 166 non-tax increment generating acres are still eligible for RDA programs and funding. Current projects include:
The Depot District Redevelopment Project Area (DD) is located just west of Downtown, covering the area from North Temple to 400 South Street and 400 West Street to Interstate 15. Historically, the area has been part of the City’s industrial and railroad corridor. With the reconstruction of I-15 off-ramps and the consolidation of rail lines along 700 West Street, the improved accessibility of the area has made investment more desirable. The newest Depot District project is the aptly named Station Center, envisioned to be Salt Lake City’s premier transit-oriented, mixed-use development.
One of the key developments in the Depot District is The Gateway, located between North Temple and 200 South, and 400 West and 500 West. The RDA provided a $16.5 million tax increment reimbursement for the project as an incentive for The Gateway to build a project near downtown that would provide unique shopping, office and housing opportunities.
To learn more about how the RDA’s loan and tax reimbursement programs can be utilized, visit our Programs page.
The Granary District Project Area (GD) was historically utilized as an industrial and railroad corridor serving Salt Lake City. More recently, additional housing and service-oriented commercial developments have been added to the project area’s mix of land uses. Plans for GD aim to create mixed-use neighborhoods that support commercial businesses and services by improving public infrastructure, addressing deterioration, preserving historic structures, financially supporting adaptive reuse development, and creating open space.
Granary District is the only project area to have a loan program all its own: The Granary District Adaptive Reuse Loan. This unique forgivable loan program has helped bring new local businesses to the Granary neighborhood through providing financial assistance to renovate structurally sound industrial buildings to serve more modern and active uses. The RDA has also provided financial assistance for the reconstruction of 900 South Street, a community-driven Granary Row initiative, and LEED-Certified Gold project tax increment reimbursements. Current projects include:
The North Temple Project Area (NT) is a major entryway to Salt Lake City. Served by the TRAX airport light rail line, or “Green Line,” the North Temple Corridor connects Downtown to the Salt Lake City International Airport, making the area an opportune site for new transit-oriented development. The RDA is working to attract catalytic and infill development to the area by promoting and utilizing its construction loan programs, environmental assessment grants, and community outreach partnerships. The area’s form-based zoning and significant street improvements are transforming it into a vibrant, walkable, transit-oriented corridor. Current projects include:
Acclaimed as an area with unparalleled economic opportunity, the Northwest Quadrant Project Area (NWQ) offers over thousands of acres of developable land near an international airport, major highway interchange, and national rail crossing. Through the strategic cultivation of growth and prosperity, this area is positioned to become a model of regional economic development that elevates the global competitiveness of Salt Lake City, Salt Lake County, and the State of Utah. The complexity of developing the NWQ – combined with a changing economic landscape – requires a tactical approach to maximize the opportunities at hand. The RDA has created goals, objectives, and strategies for the utilization of tax increment to advance development objectives in a sustainable, efficient, and collaborative manner.
The North Temple Viaduct Community Development Area (CDA) was created in January, 2010 for the purpose of funding a percentage of the costs of rebuilding and shortening the North Temple viaduct, thereby stimulating economic development in the project area.
Located between 300 and 800 North, and between 200 and 400 West, the West Capitol Hill Project Area (WCH) includes portions of Salt Lake City’s historic Marmalade neighborhood, and its many pockets of charming residential and commercial structures. The redevelopment plan for WCH seeks to stabilize the residential neighborhoods, while strengthening the commercial business corridor along 300 West. Current projects include:
Located on the southern periphery of Downtown Salt Lake City, the West Temple Gateway Project Area is a gateway to the City’s business district by way of an attractive, urban residential environment. The area’s rising neighborhood business district on 900 South, aptly branded Central Ninth, is surrounded by an eclectic mix of multi-family developments, single-family homes, a thriving community garden, and a growing number of commercial and office buildings. The centrally-located 900 South TRAX Station, which was built with RDA assistance in 2005, provides area residents and businesses with excellent transit connectivity to other commercial and residential nodes located throughout the Salt Lake Valley. West Temple Gateway is ideal for transit-oriented development. Current projects include: