- 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.



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

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