Owning a home a block north of the redevelopment site, I couldn't be happier
that this is getting done.A bad deal for Granite would have been sitting
on an empty mall the next 10 years. The building site has many difficulties
being that it is in a massive flood plain.I guess living in Utah, a lot of
people around here are the definition of jumping over a dollar to grab a penny.
Bypassing this project would have been the definition of jumping over a
dollar to grab a penny. I think people struggle with math out here.
Let's just leave it the way it is...or build something smaller. Oh I know,
another Wal Mart. That should do well in Holladay.There is NO POWER
GIVE AWAY! Please do not speak of things you don't know. Get informed!
Sounds like a lot of "secret combinations" going on here!!
I had no idea the Granite School District had so much power to give away $50
million. In the next ten years, until the Mall starts giving back
all these big bucks, the taxpayers in Granite District should not be asked for
any additional tax money.Apparently, the District has money to
burn!!!Word "burn" reminds me how the District decided to rebuild
Wasatch after the fire. Property could have been sold for enough to build three
new schools somewhere else. The property alone could have been sold for mega
bucks. Besides, there wasn't actually even a need in that area for another Jr.
High.I don't think our school or State money should be used for any
commercial endeavor, including REAL.
Funny that SL County supports this project for GGP, but won't support SAME
concept with much less at stake for soccer stadium. RSL chose not to ask the
Jordan District to give up money, instead wanting 100% of their tax portion
staying in the schools. SO, county and Corroon make a stand against Dave
Checketts because it is popular, but give this less noticed developer $20
million. I dont disagree with the decision, but I certainly doubt his honesty
The new East side school district (in progress now) is split from Jordan NOT
Granite. People within Granite District's boundries aren't effected or part of
it. The City of Holladay isn't part of it either, it's their neighbor to the
south (Cottonwood Heights and others) that are.About Cottonwood
Mall, though I've always prefered Fashion Place I have fond memories from
childhood of Cottonwood as well... I'll miss it. It's a shame it turned into
the ghost town it became in the end. What's being built in it's place is
something totally new and different and should be a very nice addition to the
Jordan School distric is in the home construction businness, why should not
Granite be in the mall business? Check out the housing units being built by
Jordan School district on 13th west and about 110 south just in front of South
Jordan Elemantry school.
The Granite School District board placated the east side by rebuilding an
un-needed Wasatch Junior High School. Now they are pandering to them again on
the Cottonwood Mall. What happens when the east side splits off into a new
school district? For once do something that is best for the whole district.
I'm just asking. Malls fail.
Of course the mall will be there in 20 years. I have three children in the
Granite School District from 1st grade to 9th grade...so I'm in this for the
long haul. I have been to the meetings, I've done the research and this is
going to benefit EVERYONE who has kids in the GSD now and in the future.
And...those who do not.I would imagine that a huge percentage of the posts
here have not done research beyond today's paper. I was at the meeting last
What happens if the mall isn't there in 20 years?
You're the one who's mistaken...check the Holladay Chamber of Commerce official
statement, his numbers were correct.
so much for family values in Utah. This is terrible. I am very dissapointed in
the Board. This is terrible choice.
You're still not getting it, pal...NO ONE IS WRITING A CHECK, DIVERTING FUNDS,
or OTHERWISE! This is simply GSD saying to the developer: "You can pay 22% of
your property tax bill for 20 years, which STILL brings us in more money than if
you didn't develop. At the end of 20 years, though, we want the full 4 MILLION
tax bill." It's not access to "insider information", it's doing one's homework.
There are several sites dedicated to informing the public on this issue, TRY
ONE! EVERYONE in GSD and Holladay stands to gain from this project. The only
one spewing the BS here is you!
We need a Neiman Marcus or a Bloomingdales
To: "Thanks 8:07"No, the district's tax revenue do not go up to
$900,000. It does increase from $137,000 to $172,000 immediately, though.Then, as the property's taxes increase, the district get's an additional
25% of the increase. After 20 years, the district gets its full share of the new
taxes on the completed project. It is NOT $4 million; closer to $2.1 million.The hand-wringing by some district officials is that over the 20-year
RDA's life, because of the increase in the property's value the district will
forgo collecting $52 million in FUTURE tax dollars, until the 20 years is up.No doubt, without Granite's participation, this developer would back out
and some other developer would create a less lucrative project.
For those of you trying to present your logical side of the argument to just
have it totally ignored in the next couple of reponse (meaning they did not read
much if anything you wrote). I would like to introduce you to some of the
parents of students we try to educate. Good examples for the need for breeding
licensure amoungst homosapiens.
I would like to see the plans for the "village."
Looks like there may be one (or more) very strong proponents of this boondoggle
writing comments that seem to have access to insider information.Maybe the Deseret Morning News reporters could track down where they are
posting from. My bet is that the educrats (or the RDA folks) are
trying to BS the public every way they can to slip this deal through before
anyone starts asking why a school district is even allowed to commit SCHOOL
money to "investment" schemes.Thay are doing it to harvest the free
money that just grows on trees? Sorry, I don't buy that one.Who
would be fronting that $52M if the school district did not? Why are they
passing up this good deal? Is ANYONE connected with Granite School District
benefitting in ANY way from this deal, directly or indirectly, now or in the
future?This whole deal smells worse than brine shrimp!
Hello..people...GSD HAD to do this deal or else end up looking at an
eastside-westside split, since Cottonwood Heights would have raised holy heck
about them (GSD) being the one entity against this deal. Then they (Cottonwood
Heights) would have pushed like crazy for another eastside-westside split..and
then all of our property taxes would be going up to pay for the split in the
district. GSD had no choice...another quid pro quo deal.
This whole thing is sure confusing. I guess it is best to try to keep a
coolhead because there is much more to this than what is seen, but shere are ALL
the answers that are non-biased towards one thought or another?
@ John - what happens if the new project is a bust? How much will the GSD get
back? GSD should not divert a single cent to this project, certainly not when
Utah schools rank 49th in the nation!
I grew up in that area and have seen it turn into a small ghetto. Kudos for
everyone and anyone to develop it and make it more accomodating for all the
neighboring residents. Businesses bring in people, and people fill schools.
Don't blame Granite School Board...the State Legislature forces the school
boards to vote on RDA's, so blame them. Man, people love to comment on things
they know so very little about. This is a good thing for Holladay, a good thing
for GSD, and I defy anyone to prove to me how either lose a single cent with
this approval. GET INFORMED, and only then whine! Try me!
This sounds cool and a good fit for that area. I'm not down with corporate
wellfare. However, if the government is paying for infrastructure such as
streets, that sounds like it may be fair to me. We all paid for our houses, but
we did not pay for the streets we live on.
If Granite School District has all this extra money sitting around buring a hole
in their pockets (especially after buying the old hospital and turning into
their newly upgraded offices), why aren't they spending it on an upgraded
education for our kids now?
The Cottonwood Mall area is a lowly and depressed area. Even $70 mil will not
boost this area. My goodness, there are residences in California worth more
than $70 mil.
Read the information available on how this RDA actually works and increases
money going to schools by bringing in over a half billion dollars into our
state. www dot cityofholladay dot com - Cottonwood Mall section on
the left menu.
The RDA is a commercial scheme to steal money from the taxpayers. It was used
in downtown SLC and other places. The idea is to redirect tax money from its
proper place to the construction of private projects. This is a definately a
Conservative Republican thing.
If the project goes off as planned there will be a huge advantage. In the
meantime, the district will still get more than it is getting now for a 20-year
period. Like four times more each year.Where were all the naysayers when
the board met? More than 200 people attended the meeting and only two spoke
against the project -- one of them being with the Utah Taxpayers Assn. -- and
his remarks were comical. The other was a gentleman who opposes the principle of
tax increment funding. He presented his opinion in a most impressive manner.
WHAT THE HECK????Granite School DIstrict is in the mall development
business? I thought they were supposed to be teaching kids to read
and write, and that schools are all begging for money. I guess I
was wrong, they have $52M laying around [forcibly taken from us
TAXPAYERS!] to "invest" in some Ponzi scheme that may pay more someday?This is WRONG on so many levels!Never, NEVER! again tell me
our schools need more money!VOTE AGAINST EVERY POLITICIAN WHO
SUPPORTS THIS NONSENSE!
I don't get it. With this money now going to build the 'mall', where will
future funding in the next few years for additional schools, teachers salaries,
needed county improvements, etc, come from-- a tax increase perhaps? It seems
we are mortgaging our future now to pay for the REAL and now a mall.
Wow, some public officials with vision and foresight, what a concept!! I agree
with Anon 807 and Thanks 807 - people are so quick to jump to conclusions that
they don't see the benefit to this vote. GSD doesn't write a check
to anyone, and they aren't "gambling" with the kids' money (as Van Tassell from
the Taxpayers Assoc said last night). If anything, the gamble would be for the
Board to have voted no in hopes of luring another developer in without the RDA
status. And ooh boy - then we could watch the mall sit vacant for another 2-3
years and watch the traffic at Macy's and TGIF totally dry up - wouldn't that be
the way to go?! Here's a story problem for all you well-educated
"tax advocates": do I want $171k (and shrinking) to spend on our kids, or do I
want to give them $900k/year now and $4 MILLION+ in a few years? Hmmm - let me
think about that one...
Jaded, the RSL money was from the TRT, Transient Room Tax. This is payed by
visitors to the hotels in the county. The main problem the county
had with it was that the hotels that were "funding" the stadium are all in
Downtown SLC and the stadium is in Sandy where the "funding source" will not see
an impact.If the stadium would have been allowed to be in Downtown
SLC like originally planed prior to Curtis stepping in and trying to take the
glory, the County wouldn't have had a problem with it.This story is
about the Cottonwood Mall redevelopment. Which will not take money away from
the school district but will rather give them more.
Would love the Venetian. Don't know if the gondolas in the winter would be very
fun. I can only imagine the high school kids pushing them playing accordians in
frozen ponds and snowing.In all seriousness, it isn't a bad idea to
theme it. I think a great mall is to take it one step further and completely
replicate Venice with the square, Il Doge's palace, St. Peters Shoppilica, the
Bridge of Sighs (could be a cool location for books or computer stuff or
Spencers gifts) and the Rialto bridge. I would shop there.
Anyone else imagining "The Ventitain" in Vegas???
How ironic. Salt Lake County officials fight giving RDA funds to the Real Salt
Lake Stadium, even though the team pledge not to take any RDA funds from
schools. Now they're happy to throw 20 million into a developers pocket with no
questions asked. Where's the economic viability study? Where's the press
conference raking the owner through the coals? Now we know the the RSL stand at
the county was nothing more than politics.
I think this sounds like a wonderful project that will enhance Holladay and
bring much needed revenue. I just wish they'd also decide something on that big
patch of vacant land where Partner's, etc. used to be. What a fiasco that has
been. Let's hope the mall project turns out better and we have something
besides another blighted area to contend with.
I'm so tired of people whining that this is "taking" money from the kiddies...do
your research...with this approval, the amount of money from the Cottonwood Mall
directly to the Granite School district goes from 137,000 to 900,000 instantly.
Then, in 20 years, it jumps to 4 Million. This is a win-win for everyone,
especially the city of Holladay, who stood to lose their anchor economic base.
Give it a rest. Students will not "suffer" unless nothing happens at Cottonwood
Wow, all this angst. The School District isn't losing any money. They are
going to keep getting exactly what they are now until construction is complete.
Then they will get 25% of what they will get at the end of the 20 year
period.This 25% is an increase of roughly $700,000 a year more then
they are getting now. And at the end of the 20 year period, they will be
getting almost $4,000,000 more then they are getting now.They aren't
losing any money the decision. They are in fact going to be getting more. So would all of the people who are upset that the School District voted
for this be willing to get more money without losing money?This is
something that everyone should want the School District to do. Think of the
children first. Thankfully, they did.
The RSL staduim and now THIS!?!? Where are the priorities?
How is this a good thing for Granite District schools? Why should students
suffer / fund a commercial enterprise?It is quite concerning that
more residents don't speak up in outrage. Let's take away from the students to
give to businesses...
Granite is going to contribute money to help a commercial enterprise? I think
some ethanol has gotten into the drinking water.
Peter, please vote Yes...