Summary
Salt Lake City basically handed over the historic Utah Theater for free to developers who are planning to tear it down and build a massive skyscraper. It's a huge deal for downtown's skyline, trading local history for shiny new high-rise real estate.
At a glance
- Total mentions
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- Last 30 days
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Impact analysis
The city got zero dollars upfront for the land, but the new skyscraper will eventually bring in a ton of property tax cash.
The real estate developers get a prime downtown plot for pennies, while future residents and workers get a brand-new skyscraper.
Local history buffs and preservationists lose a piece of the city's past as the old theater gets bulldozed.
Mentions & discussions (4)
CJM Development Completes Utah Affordable Housing Community
CJM Development Completes Utah Affordable Housing Community Multi-Housing News
Average Utah home prices projected to hit nearly $1 million by 2030
Average Utah home prices projected to hit nearly $1 million by 2030 kutv.com
New study reveals which Utah cities, counties saw biggest housing price increases
New study reveals which Utah cities, counties saw biggest housing price increases Deseret News
Salt Lake City approves $0 price of Utah Theater in sale to developers planning to build skyscraper
Salt Lake City approves $0 price of Utah Theater in sale to developers planning to build skyscraper Deseret News
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