- Associated Press - Tuesday, March 11, 2014

SALT LAKE CITY (AP) - The Utah Senate has given preliminary approval to a measure attempting to lure a private developer to build a 800 to 1,000-room convention center hotel in downtown Salt Lake City.

Senators voted 17-11 on Tuesday to advance the measure for a final vote. If approved, it moves to Gov. Gary Herbert’s desk for a signature or veto.

The bill would offer up to $75 million in tax rebates for the builder if the hotel increases tourism revenue down the road. It also creates a $2.1 million lifeline for existing hotels if they see vacancies once the new hotel appears on the market.

A similar bill died in the Utah House last year hours before lawmakers adjourned.

This year’s proposal has backing from House GOP leaders, including Provo Republican House Speaker Becky Lockhart.

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Online:

HB 356: http://1.usa.gov/1fu91G3

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