Salt Lake County is the most
populous county in the State of Utah. As such, decisions made by the
County have a significant impact on the continued prosperity of the State.
The County’s responsible use of
scarce public resources—specifically the use of redevelopment funds—should be
focused on encouraging economic development, fostering healthy communities, and
supporting sustainable regional development to ensure a thriving metropolitan
economy with a small town feel.
The County supports collaborative community led efforts to
effectively manage commercial and residential development, and redevelopment,
to meet the robust growth anticipated in our valley.
During the 2016 legislative session, important structural
changes affecting Utah Code Title 17C were made:
CRAs are the newest public tax increment financing tool that
aims to assist with financing redevelopment activities from real and personal
property taxable value increases. They are a flexible tool which can be used to
achieve a number of redevelopment criteria. Typically, they are used to remove
urban property blight, add new jobs, or develop vacant land.
CRAs have replaced what was previously known as Community
Development Areas, Economic Development Areas and Urban Renewal Areas, and
follows the same County process outlined in Policy 1155.
of law changes effective 5/10/16.