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.
Like the rest of the state, downtown Salt Lake City is benefitting from the region’s healthy economy. More people live and work downtown than ever before. But according to local real estate experts and representatives from the Downtown Alliance, despite the boom, the supply downtown isn’t catching up to the demand and more development is needed in the city’s central business district to accommodate the growing demand for housing and office space.
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 Wasatch Front’s strong economy is attracting both Millennial migrants and out-of-state developers that are contributing to both the building boom and the housing shortage according to a new report by, Yardi Matrix.
Last week, the real-estate analytics firm released its Salt Lake City’s Viable Growth Multifamily Report Summer 2018 and found that the region continues to add more new jobs than new housing units and that the migration of young professionals to the region is keeping rental vacancy rates low, despite the region’s unprecedented growth in multifamily housing.