A proposed Major League Baseball complex in Utah could cost $1 billion in public funding, sources say. The Utah Legislature and the governor say a hotel tax increase could help build an MLB entertainment district in Salt Lake County.
The Utah Legislature and the governor say a hotel tax increase could help build a Major League Baseball entertainment district in Salt Lake County.
While several sources familiar with the negotiations — who spoke on condition of anonymity because they were not authorized to discuss the talks publicly — emphasized that the details of the package are still very much in flux, the general contours of the taxpayer subsidies appear to be taking shape.
Alternatively, the increase could be smaller, between 1% and 1.5%, to reduce the impact on hotels, but spread across all 29 Utah counties, sources told The Salt Lake Tribune. “I know there’s some conversations right now about the Transient Room Tax,” he said during his monthly news conference. “We have some of the lowest taxes in the United States on hotels … so the argument is there’s a little bit of room. Most of those taxes are paid by people outside of the state of Utah, so that’s one area where we’re having discussions and negotiations where I’m open to it.
It would also receive public subsidies, sources said, with one of the proposals on the table being redirecting a portion of the new sales and property taxes generated by the stadium and surrounding downtown restaurants, shops and businesses back into the entertainment district.
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