Quote:
Originally Posted by gusam26
http://www.miamiherald.com/2014/02/18/3944448/panel-oks-incentives-for-big-salt.html
nel OKs incentives for big Salt Lake hotel
BY MICHELLE L. PRICE
ASSOCIATED PRESS
SALT LAKE CITY -- A proposal that aims to attract the builder of a large, convention-sized hotel in downtown Salt Lake City has cleared its first hurdle at the Legislature.
A House committee voted 9-0 on Tuesday afternoon to approve the measure. It advances to the full House for consideration.
The proposal authorizes up to $75 million in public money to go toward tax rebates to a private developer building a hotel with 850 to 1,000 rooms.
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9-0 vote. Nice. Looks like everybody's finally on board here. Hopefully the next step doesn't take too long and it will pass also.
More hints:
1."The bill also requires that hotel be built with at least 500,000 square feet of convention and meeting space and be located within 1,000 feet of the Salt Palace Convention Center."
2."The hotel could cost about $335 million, something no developer will build without government help, McAdams has said."
Read more here:
http://www.miamiherald.com/2014/02/18/3944448/panel-oks-incentives-for-big-salt.html#storylink=cpy
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