SALT LAKE CITY (KUTV) — The Salt Lake County Council voted to approve the sale of 6.5 acres of the Salt Palace Convention Center to Ryan Smith and the Smith Entertainment Group for the development of a new sports and entertainment district.
The resolution, which passed unanimously on Tuesday, creates a property tax zone for the area, and with the sale, it was expected that SEG would demolish that part of the convention center and expand their footprint east from the Delta Center.
The county said the sale has been negotiated at fair market value.
The approval also green lights modernizing the convention center downtown. The space will shrink by nearly 1/3 after the sale. Then, 50-percent of the Salt Lake Convention Center will be redesigned, leaving half open during construction. Completion of the construction was expected to be complete in 2031.
The sale will close on or before Feb 16, 2027.
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