The Utah Senate has passed a significant bill aimed at transforming Downtown Salt Lake City (SLC) into a sports and entertainment hub, with a particular focus on constructing a new hockey arena. This legislative move, which saw the bill passing with a final vote of 21-7, allocates approximately $1 billion in public financing for the sports district. The initiative is part of a broader strategy to attract an NHL hockey team to the state and ensure the Utah Jazz remains in its downtown location. Additionally, the bill permits Salt Lake City to increase sales tax to fund the downtown revamp and arena construction. This development comes alongside debates on other financial legislation, including a $900 million MLB bill aimed at revitalizing the west side of SLC and a $167 million income tax cut that predominantly benefits high earners.
This is the third year of income tax reductions. However, Utah lawmakers passed two bills that could give people a couple of major tax breaks. Read more: #taxes #Utah #TaxRefund https://t.co/1Qto4Ye1Z0
Utah Legislature approves $167 million income tax cut largely benefitting high earners https://t.co/fQv7NEtGp0 via @UTNewsDispatch #utpol #utleg
A bill that would allow Salt Lake City to raise the sales tax to create a downtown sports and entertainment zone, including a potential @NHL hockey arena, passed the Senate late Tuesday. | By @dennisromboy https://t.co/mhrP1YHlCi
Utah Senate President @JStuartAdams pushed back on claims that lawmakers are more worried about building sports stadiums than affordable housing. | By @BrighamTomco https://t.co/yWIz2AF26c
NOW in the Senate: The $900 million MLB bill is being debated. It's up for final legislative passage. Tune in here: https://t.co/c2uWbSnb49 #utpol #utleg
Now: Utah Senate debating tax hikes for @MLB bill. @SenatorLuz says west side has been neglected, that the bill is about revitalization, not just baseball. https://t.co/5dNqDmWDWz
Utah Senate passes bill allowing SLC to raise sales tax to revamp downtown, build hockey arena https://t.co/nMYNvTdYcg #utpol #utleg
Utah Senate passes bill for potential downtown hockey arena @RyanQualtrics @slcmayor https://t.co/nMYNvTdYcg #utpol #utleg
The Utah Senate, working into the night, passed a bill that would almost surely keep the Jazz downtown, and could help ice the deal to bring an NHL hockey team to the state. @bmullahy2news https://t.co/bFsNHFHvJI
Now: The Senate just passed the hockey arena sports district bill that would give about $1 billion in public financing to a sports district in hopes of luring an NHL hockey game to Downtown SLC. Final vote was 21-7. Now goes to the House.