- Salt Lake City approved a $45.8M tax incentive for Granary District redevelopment.
- Developers Blaser Ventures and Lowe Property Group received 10% less than requested over waivers to city incentives.
- The full $390M project includes 740 units, commercial space and preserved historic silos.
SALT LAKE CITY — A truce has been reached between Salt Lake City leaders and two Utah development companies, allowing them to receive millions in tax breaks as they overhaul a full block within the fast-growing Granary District.
However, it’s not quite as large as what the developers first sought.
The Salt Lake City Community Reinvestment Agency board of directors voted 6-1 on Tuesday to approve a resolution approving the Silo Park Development Tax Increment Reimbursement Agreement term sheet requested by Blaser Ventures and Lowe Property Group…