Ryan Smith, owner of the Utah Jazz, is seeking significant public funding and control over three downtown blocks in Salt Lake City to establish a new entertainment district. The proposal includes a 99-year lease, demands for tax increment financing, and $54 million/year for 30 years in sales tax. Smith's ambitious plan also involves constructing facilities with unlimited building heights and includes a heliport. The entertainment district, expanding to two additional blocks directly east of the Delta Center, is intended to be the new home for both the Utah Jazz and a forthcoming NHL team, revitalizing the area around the Delta Center.
The NHL recently announced the relocation of its Phoenix-based franchise. For a league that has long wanted to expand its presence in America, it is losing a foothold in one of the countryβs fastest-growing regions is a serious blow https://t.co/VQJStqbUB9 π
Following a $1.2B sale, the Arizona NHL franchise as we know it is headed to Salt Lake City next season. In order to restart an expansion team in the desert, the clock is ticking on two non-negotiables. @byajperez has everything you need to know β¬οΈ
Documents reveal what @RyanQualtrics wants to see in Salt Lake City entertainment zone https://t.co/hzOqRmS6df #utpol
NEW on @FOS: Alex Meruelo says he's "the only one that can get" hockey back to the Phoenix areaβa remark that w met with eye rolls from insiders and fans. A look at why the Coyotes failed under Meruelo, leading to everything but team name heading to SLC. https://t.co/YqW0nRwvj7
If the Smith Entertainment Group's new proposal goes according to plan, the Delta Center could house both the Utah Jazz and the new NHL team for 99 years. Read more π https://t.co/5LbXGWLpuE
New details have been made public about a proposed sports and entertainment district in downtown Salt Lake City that would be home to both the Utah Jazz and the state's new NHL team. https://t.co/2MWzLVBgWr
The area around the outside of the Delta Center could undergo a major reconfiguration based on plans submitted to the city by the Smith Entertainment Group (SEG). @ArielleHarrison https://t.co/5ibg35bMCW
Smith Entertainment Group asks Salt Lake City for a new 99-year lease and more. π #NHLinUtah #TakeNote https://t.co/xatdeKtXqR
Smith Entertainment Group proposed a 99-year lease to remain at the Delta Center and is seeking "to lease the two additional blocks" directly east of the facility, according to the application that it filed to Salt Lake City. https://t.co/C2PIKpkEVX
Some details on the application for an entertainment district in/around the @deltacenter RE: #NHLinUtah https://t.co/ZmA3gqzQqL
Keith Yandle Explains What It Will Take For The NHL To Get A Franchise Back In The City of Phoenix https://t.co/JcKvoJBqAg
A public records request revealed some of Ryan Smithβs upcoming ask to SLC government: - $54 million/year for 30 years in sales tax - Adding additional public funding in the form of taxpayer increment financing at the stadium district - a heliport - more https://t.co/ib5VQykrLk
Ryan Smith wants control of at least three downtown blocks, unlimited building heights and a whole lot of public money as part of a deal to bring an entertainment district to Salt Lake City. https://t.co/xjGFDFHS7w
Jazz owner Ryan Smith is seeking control of three downtown blocks and public funding to create an entertainment district in Salt Lake City π Smith's application calls for a 99-year lease, tax increment financing, and more β¬οΈ https://t.co/jh9AKzgf9h