From Deseret News archives:
Grants aid displaced businesses
The Redevelopment Agency of Salt Lake City voted unanimously Tuesday to create a $100,000 fund to provide matching grants to local businesses on the "Granite block," an area in Sugar House bordered by 2100 South, Highland Drive, Sugarmont Drive and McClelland Street.
The block, following a zoning amendment approved by the Salt Lake City Council in December 2005, is set to be redeveloped by the property's owners, and at least one owner has issued lease terminations.
"Ideally, we'd like to keep them from being displaced, but we can't do that," RDA executive director D.J. Baxter said. "So we want to do everything we can to ease their transition from their current location to a new one."
A committee will review the applications and any supporting materials submitted by the business owners and determine the amount granted, Baxter said. Grants will be offered on a first-come, first-served basis and, because they're grants and not loans, the review will be vigorous, Baxter said.
The time frame "is as soon as we receive the applications and review them," Baxter said. "I think it's something we can turn around pretty quickly."
The grant program "is not a new program, but it is a specific program to try and address some of the needs that we're seeing emerge," said Salt Lake City councilman Soren Simonsen. "I'm hopeful that some of the businesses will be able to take advantage of it. Not all of them will. A lot of the businesses there are tenants, and with most of the RDA programs, they're designed for property owners."
And, Simonsen said, the RDA grant program is one of a few that may be open to Sugar House businesses. The Salt Lake City Council was briefed on another, which would provide low-interest loans to businesses impacted by construction/redevelopment. This program might appeal to Sugar House businesses, because the requirements likely would not be as specific and might be accessed by tenant-businesses. Simonsen said the council has yet to vote on that program but likely will in the coming weeks.
Comments
- 13 bodies found west of Baghdad 7:49 a.m.
- Afghan gov't: anti-corruption squad 7:46 a.m.
- Edward Woodward dies at 79 7:40 a.m.
- Obama: Uncensored society healthy 7:34 a.m.
- NASA fuels space shuttle for liftoff 7:29 a.m.
- Jail for Gitmo inmates to be inspected 7:19 a.m.
- Retail sales rise 1.4 percent 7:11 a.m.
- GM reports $1.2B loss 7:03 a.m.
- Lakers booed at home in loss 12:53 a.m.
- Big games keep UHSAA coffers full 12:51 a.m.
- BYU happy to escape with victory
231 - TCU creams U.
225 - Editorial: Mormons and gay rights
207 - Will state consider gay rights law?
149 - Can BYU root for (ick) Utah Utes?
131 - RSL heads to MLS title game
126 - Utes remain silent about BCS
120 - Celtics crush Jazz
104 - TCU stays 4th in AP; Y. 19th, U. 23rd
101 - 5A: Bingham rolls to title game
88
Sears is holding a special VIP night Sunday, Nov. 15, in stores and online.
Maybe someone out there can help me understand how raising the state...
To "Hmmm", you are just plain full of baloney. If you are referring to the...
Shows how mediocre Ty was, did he really win a Heisman. Must of had some huge...
grind that ax!
True this is not exhibition season now, but what really the regular season...
It still amazes me that there are people who claim to hate RSL, hate soccer,...
should be unranked, and will be after big loss in Provo.
How did Bush and Mike Leavitt respond? They instituted policies to make the...
So what does this mean: "With 10- to 20-degree weather, authorities said they...
should have lost at least three more games so far, SJSU, Air Force and...
Bennett worked in a normal job, and was very good at it well into his 50's,...



You can be the first to comment on this story.