S.B. 272 creates a broad based funding mechanism
SALT LAKE CITY, UTAH (March 4, 2024) – The Salt Lake Chamber and Downtown Alliance commend the passage of S.B. 272, the Capital City Revitalization Zone Act, which enables funding for enhanced assets for sports, arts and entertainment in Salt Lake City that will serve the community and enhance the state economy for decades.
The legislation enables funding mechanisms to attract investment, stimulate job creation and catalyze growth in the capital city.
“This bill is forward thinking. It is an exciting step toward expanding entertainment, attracting a National Hockey League team and retaining our beloved Utah Jazz in Salt Lake City,” says Derek Miller, president and CEO of the Salt Lake Chamber. “We believe that through this investment in the capital city, Utah will foster economic vitality that benefits businesses, residents and visitors.”
Downtown Salt Lake City is the regional center for culture and entertainment with approximately 3 million event tickets sold each year, and the ideal location for Utah sports fans to have a full experience before, during and after a game.
“A great hockey player doesn’t skate to where the puck is, they skate to where the puck will be. This bold investment anticipates opportunities in Salt Lake City’s future that will benefit the entire state,” says Dee Brewer, executive director of the Downtown Alliance. “We look forward to working with stakeholders to leverage big ideas, partnerships and investments in the downtown social economy for greater prosperity in the region.”
