[bob rulz]

Originally Posted by Makid

I think it was missed by some people. The recent $1.8 Billion in funds isn't going to SEG. It is going to the reconstruction of the convention center ($1.3 Billion), rebuilding Abravanel Hall ($300 Million), restoring 1st South between West Temple and 2nd West, and a public plaza along 3rd West by the Delta Center (whether this is grade separated or not isn't known).

SEG and the State may be the initiators in wanting the Entertainment District, but I think downtown will benefit more. This will be the first time in 60 or so years that this section of 1st South has been open.

Remember this isn't a tax increase, just a property tax increase diversion for 30 years. Only the increase in property taxes will be diverted to the redevelopment fund. No current funding is removed, just the increase over today. If the new property tax revenue ends up being higher than planned, then the diversion ends early. Because of how it is setup, the diversion will sunset once the funding level has been met.

I much prefer this type of funding for projects, especially those that are primarily public projects.

The best part of this is that we are adding around 15 acres to the property tax rolls from today.

Thanks for the clarification. I'll admit I didn't look at it that closely.