The Salt Lake City Council is expected to cast the first vote on a major component of the project next week., on the fast track to gaining approval under a timeline set by the Legislature, has only a few of hurdles to clear before pro sports magnate Ryan Smith can secure a public subsidy to aid in renovating the Delta Center and transforming two other downtown blocks.
If the council approves the agreement, the document would be sent to the Legislature’s Capital City Revitalization Committee for a final review, which may take up to 30 days. During that final review, the committee can either approve or reject the agreement. If it’s rejected, the accord would go back to the city for additional negotiation.
The city must finalize the participation agreement no later than Sept. 1. Council members have until Dec. 31 to pass the tax increase.
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