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South Salt Lake studying new redevelopment area

SOUTH SALT LAKE (Deseret News) — First-year Mayor Cherie Wood has instructed her staff to begin a redevelopment project between Main Street and I-15 at 2100 South.

The Central Point project, if ultimately approved, would allow the city to give property tax breaks to businesses and developers in the project area. Depending on the legal language used to form the district, schools and other tax collectors could also lose money in the deal.

However, redevelopment proponents say the total income generated from new development is worth more than the tax breaks, so taxpayers come out on top.

"It's the way you do business nowadays to get development in the city," Wood said.

The first step will be a study of whether the area is legally blighted. That was approved unanimously Wednesday night by the South Salt Lake City Council, acting as the redevelopment board. Next, city officials will inquire into market conditions, Wood said.

Furniture giant RC Willey, 2301 S. 300 West, will not be part of the redevelopment area. The store was part of a similar tax-break arrangement when it was built years ago; that deal has yet to expire.

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