Under the pressure of a year-end deadline, the Salt Lake City Council and Larry H. Miller (LHM) Real Estate have come to terms that will enable redevelopment of nearly 100 acres of reclaimed brownfields near the Utah State Fairpark that includes public financing for a Major League Baseball stadium.
A new zoning district, as well as special agreements advancing each party’s priorities not addressed in the zoning, are being teed up for approval by authorities early this week. Negotiations continued through this past weekend, hoping to bring the agreement to a vote at the city council tomorrow, Tuesday Dec. 10.
Plans being advanced for the Power District and the State Fairpark west of Downtown will forever transform the North Temple transit corridor. The stretch between the Jordan River and Redwood Road has long been dominated by the industrial uses of PacifiCorp/Rocky Mountain Power (RMP), suppressing development along a long stretch of the corridor rezoned for mixed-use development in 2010…