- Salt Lake City reduced tax incentives for a Utah development by $1 million for demolishing a historic building.
- Blaser Ventures demolished the Utah Pickle Company building last year, citing preservation challenges.
- It was rebuilt using some of the old materials for project on track to open in August.
SALT LAKE CITY — Leaders of Utah’s capital city found themselves in a pickle as they reviewed a “blemish” in the much-anticipated Pickle & Hide project, in that it offered city funds to preserve a building that ultimately ended up demolished before their approval.
That blemish will ultimately cost the developer, Blaser Ventures, about $1 million in incentives, which its founder says will sting but allows him to continue developing as both sides learn from what went wrong.
“The only finger I can point at is myself,” Brandon Blaser, the company’s founder and CEO, told KSL after members of the Salt Lake City Community Reinvestment Agency’s board of directors finalized the project’s tax incentives on Tuesday…