The boundaries for downtown may be different between some of the estimates stating 10,000 residents by 2025. I say this only because last August (2024) the "State of Downtown" had the following as shown in the
SL Tribune:
Quote:
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An ongoing population boom is expected to lift the city center from 14,469 full-time residents in 2020 to 27,000 or more by 2030. That trend is already bringing major shifts and is likely to drive more, with effects ranging from reshaping the city’s overall economy to boosting the need for wider transit access and, in a huge way, more green spaces.
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If things are built within the Entertainment District Phase 1 and Block 67, as currently planned, we could see between 2,000 and 3,000 additional residents on just these 2 blocks. If, other planned projects within the downtown area proceed as planned, we should easily top the 27,000 full time downtown residents estimate for 2030.
There are a few factors that will help keep many projects moving forward, even with higher costs from the tariffs. Funding is in place for the Entertainment District and the Power District projects. This will allow for the Salt Palace, Delta Center, and Power District to continue to move forward.
Another factor, there is still a large amount of housing needed (close to 35,000 units today). With the tariffs, lumber will see costs increase faster than steel and concrete. This can push more high-rise development rather than the 5:1 - 5:3 projects we have been seeing. This would mean more residential within the downtown area as opposed to the current periphery.
Outside of these, SLC and particularly Downtown, has benefited a bit more than the average city during slowdowns in the past. With work wrapping up around Temple Square, it is very likely that we will see movement on the CCR residential high-rise projects. There are a few reasons I have heard for these projects happening soon with the main one being a desire to reinforce the residential component around City Creek Center.