Downtown Rising is a nexus between public and private interests in advancing community goals for Utah's urban center. Downtown stakeholders commit to unfinished projects from the original Downtown Rising vision as we identify new priorities for Utah's Capital City and celebrate 10 years of development in downtown Salt Lake City. Throughout the last decade Salt Lake City has seen a significant increase in development, from City Creek Center to 111 Main, these and other developments have played a crucial role in improving the vibrancy of downtown. The Downtown Alliance is proud to take part in making downtown Salt Lake City a better place to live, work, and play.
Downtown Salt Lake City is Utah's center for innovation and prosperity. Dynamic, welcoming and green - our Capital City belongs to everyone.
To view the complete Downtown Rising Action Plan click here.
To learn more about Downtown Rising, or for ways to become involved, click here.
For several years now, the Salt Lake City Council has identified transit and affordable housing as council priority items, but thanks to new revenue sources, the council will have the funds to pursue some of its housing and transit goals. On Tuesday, June 12 the council unanimously approved the fiscal year 2018-2019 budget that, in addition to housing and transit, will also increase services for park maintenance and public safety.
The next phase of the redevelopment of the area surrounding the intersection of 200 South and 300 West is moving forward. On Wednesday, the Salt Lake City Planning Commission approved a Conditional Building and Site Design Review and Planned Development request by development partners, Clearwater Homes and Peg Development, for the Paper Box Lofts, a mixed-use development proposed for the 100 South block of 300 West.
Despite adding hundreds of new residential units, demand for housing in Salt Lake City is still outpacing supply. The tight rental market is making rent increasingly less affordable residents. According to recent rental reports by Apartment List and Yardi Matrix, rents in Utah’s capital city are rising faster than both the national average and state average despite rents in most of the country growing at the slowest pace in six years.