INTRODUCTION

Downtown Salt Lake City is the capital city of Utah, headquarters of a global religion and the historic center of our state. Thanks to significant public and private investments over the past decade, downtown is now Utah’s center for innovation and prosperity. Downtown boasts over 10 million square feet of office space, two dynamic entertainment centers and countless independent restaurants and retailers, a burgeoning residential community, a professional sports franchise and one of the nation’s best transportation networks. Downtown Rising has been a catalyst for the past decade’s growth. The guiding vision was launched by the Salt Lake Chamber in partnership with the Downtown Alliance in 2006, and later unveiled to the community in 2007. Based on the Second Century Plan from the 1960’s, the vision continues to capture the hopes and aspirations for the urban center of Utah’s capital city with public and private
sector participation in a consensus-based approach. Moving forward, Downtown Rising will continue to advocate for interest and investment in Salt Lake City’s urban center.

Several trends, amenities and new investments present specific opportunities for short, medium and long-term growth in downtown:

 

Residential Growth

Downtown has experienced significant residential growth over the past decade. This residential population brings vibrancy and energy to the urban center. Continued advocacy from Downtown Rising will enhance this growing community to ensure that downtown is equitable, inclusive and
vibrant for diverse residents in decades to come. Downtown living options must be accessible to a wide variety of income levels and household sizes.

Tech Downtown

While downtown is Utah’s historic financial and legal services center, demand for office space in downtown is coming from increasingly diverse industries. Notably, growth in the tech industry and creative sectors has fueled the need for additional office space. Thanks to large private
capital investments in high-tech infrastructure and fiber optic networks, downtown has the opportunity to capitalize further with a dedicated tech cluster development that emphasizes innovation, creativity and entrepreneurship.

Youthful Workforce

With several premier universities and colleges nearby, downtown is capable of attracting young talent entering the workforce. This trend is augmented by new specialty schools right in the heart of downtown that help students fast-track technology-based careers.Downtown Rising will focus on additional educational opportunities to expand university presence in the community and advocate for a K-8 Elementary and Junior High school. Creative options could include a charter school or other nontraditional educational facility appropriate for an urban center.

Sports and Entertainment District

The recent purchase of The Gateway and plans to invest over $125 million in upgrades to the Vivint Smart Home Arena presents significant opportunities for new programming, events and partnerships in a neighborhood that has seen rapid residential growth and transformation. The Vivint Smart Home Arena brings over a million visitors to downtown each year - many of whom are coming from outside the confines of Salt Lake City. Coupled with renewed investment in The Gateway as a regional entertainment destination, this district has all the key components of a
dynamic sports and entertainment hub.

The Cultural Core

With new developments like the recently completed George S. and Dolores Doré Eccles Theater and additional partnerships and projects in the pipeline, downtown will continue to serve as the cultural core of the Mountain West region. Additional investments from public and private sources will continue to define downtown as the region’s cultural core through place making, programming and promotion.

International Destination

Just ten minutes from Salt Lake City International Airport, downtown is home to a world-class convention facility at the Calvin Rampton Salt Palace Convention Center. Plans for a new convention center hotel and additional restaurant and nightlife opportunities will act as catalysts for additional economic activity across the state of Utah. The Salt Lake City International Airport serves nearly 23 million passengers a year from facilities designed over 50 years ago. Construction is currently underway for a new $3 billion airport that will ensure greater connectivity, efficiency and cost - competitiveness for Utah as an international destination. Scheduled to be completed in 2020, the new airport will have a significant impact on the urban core.