4-story building project on Salt Lake City’s Main Street gets approval for another $2 million loan

  • Salt Lake City approves another $2 million loan for Main Street building project.
  • The project replaces businesses destroyed in an Aug. 2025 fire, costing $7.5 million.
  • City loans aim to restore Main Street before major events like the Temple open house.

SALT LAKE CITY — Salt Lake City leaders have approved another $2 million dollar loan for a four-story building where several restaurants went up in flames last year.

The fire on Main Street destroyed multiple businesses on August 11, 2025. Some are back up and running, but others — like Los Tapatios and the London Belle — needed to be demolished. The company that owns the parcel, Chenzo LLC, is now trying to secure financing for a four-story building to go in their places.

The city approved a $2 million disaster loan for this project back in July, as part of the Disaster Relief Loan Program. Recently, the company also applied for another $2 million dollar loan through the Commercial Development Loan Program, which was discussed at the city’s Community Reinvestment Agency meeting Tuesday…

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