The "I know! Let's build MORE apartments!" mentality of SSL has got to go. If there's one thing South Salt Lake doesn't need any more of, it's apartment.

This is a great opportunity to revitalize a large portion of the main part of town, with a much needed influx of more diverse business property.

What's to ponder, SSL? You really want another future ghetto?

It's time that developers were responsible for themselves and provide their own funding. Sponging off the taxpayers has to end. In this current economy there is no promises that can be made and it is doubtful that new development will get past the planning stage.

The developer will cut and run with taxpayers money disappearing in the crowd and never recovered. There are numerous developments already half done around the valley, why would this one not collapse too? Office space shops are plentiful and empty, this should be a red flag to SSL. Let the developer get his own bond and funding, more taxes will hurt the economy and the city to fund another failure.

Yeah, there aren't enough vacant apartments and condos in the salt lake valley yet. We need more. Especially since the housing market is so good right now.

If any bonding needs to take place now it should be for companies that need employees for years, not just the construction phase.That really makes a lot of sense in these times to build more commercial properties huh? Who has money to spend in these businesses? We better concentrate on finding employment again so people can sustain themselves without handouts from state & federal coffers. Where oh where have we gone so wrong? Wanting people to spend money when they don't even have a job, housing, and staple items of life. How ridiculous have we become?

There is often misconceptions about how such a bond would work. The developer is NOT getting any money from this type of bond. The city essentially backs a security that is purchased by a third party investor (no money out the city's pocket) Simply put, the city will own the land..period. This will allow the developer time to bring in the right financing for the construction of a project that will create numerous jobs and quality housing now and well into the future. The government, whether local or federal has historically invested in a variety of projects roads, bridges etc. to stimulate job creation. The Market Station project is no different. From manufacturing, construction, sales and the numerous permanent jobs that will be created this project will benefit all. If you want to put governmental involvement to work truly for the people, then support this kind of partnership.
Bottom line is, if the developer is successful then the city and its citizens will be as well.

And to add to "invest" point... the city will own the land. If the developer goes down, they still have the land to satisfy the bond.