SALT LAKE CITY — After months of negotiations with Salt Lake City Mayor Erin Mendenhall, a Utah legislator has released a long-anticipated bill changing the statute that created the Utah Inland Port Authority.
House Majority Leader Francis Gibson, R-Mapleton, says his bill includes provisions that are a “big win” for Salt Lake City — and the mayor agrees.
But that doesn’t mean Mendenhall is dropping the city’s lawsuit against the state. The bill, released Friday, cuts down the 100% tax increment, or future property taxes from new growth the port authority would capture in its 16,000-acre jurisdiction west of Salt Lake City International Airport. Rather, the bill would allow Salt Lake City and other taxing entities to capture 25% of that tax revenue, while the port authority keeps 75%.
The bill also seeks to address Salt Lake City’s lead concern with the port authority’s land use power, Gibson said, by clarifying that developers in the port area must adhere to the city’s current land use ordinances. No longer would the port authority have the ultimate power to hear or approve city land use appeals under the bill, Gibson said.
Read the full story at Deseret.com