New taxing district may help fund rebuilding of N. Temple viaduct
As the city looks to rebuild the North Temple viaduct, the Salt Lake City Council voted on Thursday to create a taxing district that could help bridge a multimillion-dollar funding gap for the project, bringing in more than $13 million over the next 25 years.
Under an agreement between the county, the Redevelopment Agency and the Salt Lake City School District, Salt Lake City could collect as much as $13 million in property tax increment.
The Salt Lake County Council is expected to sign off on the agreement next week.
In the proposed 25-year deal, the city would collect property tax generated above the base year for properties north of North Temple between 400 West and 500 West.
City leaders expect more than $100 million of development in that area by 2016.
The council is also considering establishing a special assessment area that could bring in an estimated $4.3 million over the next 20 years.
— Aaron Falk
Recent comments
ESA doesn't pay property tax because the property is deed restricted,...
Anonymous | Nov. 8, 2009 at 11:06 a.m.
Sure! hit the business owners with another tax, makes sense to me to...
John C | Nov. 7, 2009 at 7:00 a.m.
Read the article again, they are readjusting the property tax, but...
re:re Ha | Nov. 6, 2009 at 2:20 p.m.
- NFL: Week 12 recap 12:50 a.m.
- '12 Days' bill would top $87K 12:35 a.m.
- Study finds autism therapy works 12:35 a.m.
- Boy shot following traffic stop 12:35 a.m.
- Sports on the air 12:24 a.m.
- Herbert builds his team of rivals 12:21 a.m.
- Corroon a step closer to governor 12:21 a.m.
- Monday on TV 12:18 a.m.
- Editorial: East, West and religion 12:17 a.m.
- A deficit commission? 12:17 a.m.
- Hall mouths off about hate of Utah
- BYU is champion of the state
- Cougars beat Utes in overtime
- Marriage definitions vary widely
- Credit Coug defense for win
- Max Hall issues apology
- Field goals, penalties doomed Utes
- Y. student vanished in China
- Cougar defense rose to occasion
- Hall's pain reflects self-betrayal
- Hall mouths off about hate of Utah
870 - Cougars beat Utes in overtime
475 - Max Hall issues apology
152 - BYU is champion of the state
137 - Man trapped in Nutty Putty cave dies
117 - Cave to be sealed with body inside
116 - Rivalry Week is highly profane
90 - Hall's legacy measured today
79 - Hall's pain reflects self-betrayal
70 - Utes fall to Seattle U. at home
65
I wanted to tell them not to go. I dropped subtle hints. "My money is on...
When I was a kid, I worshipped my grandpa. He was undoubtedly my hero....
Sure Re:mark, and I will say it again, the Republicans should run on a...
Nice article. I am still waiting for the articles about self-loathing ex-utes...
Hall clarified by saying that the players and coaches weren't involved in...
Hall's comments were directed at a specific type of fan. Seems like most...
I think it would be nice to have a change of scenery in the poinsettia bowl...
In most years it's kinda sad for the MWC conference champ to meet the PAC-10...
So, was it a pistol or not? If not, the UHP must be held responsible for...
Max, You have nothing to be proud of. You didn't play a good game at all -...
This is not a "boy". He is lucky that he is alive and was not killed by the...
I just dont trust Herbert. He's not a bad guy anymore but I just don't think...


