The Utah Fairpark Area Investment and Restoration District project aims to create a vibrant, river-connected area in Salt Lake City, potentially with a $900 million Major League Baseball stadium. A new bill, SB335, sponsored by Sen. Scott Sandall, allows for the development of multiple smaller stadiums in the district. While there are no immediate plans for additional stadiums, the provision offers flexibility for future opportunities. The bill also includes changes to salary requirements, arena capacity, and land use authority for the district. It moves up the timeline for levying a tax increase on short-term car rentals and may potentially fund a police force, river cleanup, and expansion of the Fairpark area. All parties involved, including UFAIR and the Larry H. Miller Company, see the bill as providing optionality for the ongoing development of the area. The Senate Economic Development and Workforce Services Committee voted to recommend the bill to the full Senate for consideration. Further discussions and potential amendments may occur as the bill progresses.
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