From Deseret News archives:
Holladay Village plan wins approval
48-acre center would cater to local businesses
"It was a very, very happy day for the city," Webb said. "It's really a statement about building a community. It really is about saving the relationships of small merchants and the city center that has been such a part of Holladay."
The heart of the center is the tangled intersection where three major streets Murray-Holladay Road, 2300 East and Holladay Boulevard converge. The RDA, approved by Holladay's Taxing Entity Committee, will use $23.5 million in tax increments to make improvements to the area.
Local governments use RDAs as a tool to cure blighted areas by diverting property taxes into city rejuvenation projects. The 48-acre Holladay Village Center will benefit from the tax increment for the next 15 years.
Developing a walkable community with a historic quality is a leading priority for the city. Plans include a mixed-use development with retail, office and residential space. And, in an unusual move, the city has pledged the retail space will not include national chains or big-box stores only local businesses.
That's good news for local business owners like Gordon and Connie Hanks, owners of the Holladay Pharmacy. The husband-and-wife team spent $1.3 million on expansion and renovation of their Village Center pharmacy and, Gordon Hanks said, "We're staying right here."
"This pharmacy has been here 70 years," he said. "We're excited for a new mix of retailers to make it a new, vibrant city. . . . Upscale, a little bit funky that's what Holladay is."
The city will be returning to its roots with the mixed-use development. Holladay was the second permanent settlement in the Salt Lake Valley when pioneers settled the state in 1847. The village center became a destination for settlers throughout the area a center that could again provide services in a social atmosphere.
"We're very thrilled that we've finally gotten to this point. We've got a great plan in place. We just want to forge ahead and keep it going," Hanks said. "We'll be here for hopefully another 70 years."
Of the $23.5 million, $17.6 million will be used for infrastructure upgrades such as streets, sidewalks, power lines and traffic-calming devices. Business owners have been asking for such improvements for years. A $2 million grant from a federal highway funding bill also will help improve the infrastructure.
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