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(KSL News) Round one of the race to build a Salt Lake Valley theater goes to the city of Sandy. Tonight, Utah Pacific Holdings announced its official plans to build a $500-million development that will include condo towers, office space, retail shops and, of course, a theater that investors hope will house traveling Broadway productions.
The 11-acre complex will be called the Proscenium and will be located right off of I-15 at 10000 Centennial Parkway. One of the investors says that location was one of the main reasons they picked Sandy.
Curtis Wolthuis, a partner of Utah Pacific Holdings, said, "We think this makes good business sense to expand our office space. And this is a premium location with freeway exposure."
Salt Lake City also is looking to build a Broadway-style theater.
Mayor Ralph Becker tapped his brother, a Tony award-winning producer, to begin scouting locations.