Blog Post

SLC support for Vivint Smart Home Arena makes economic sense

By: Natalie Gochnour

Originally published in the Deseret News

If you are like me, you begin to get excited this time of year for the start of the NBA basketball season and our own Utah Jazz. The Jazz have been busy lately, making personnel moves that will make us a playoff-caliber team. Even more important to the long-term success of the Jazz and downtown Salt Lake City is the $125 million renovation occurring at Vivint Smart Home Arena. I commend the Redevelopment Agency of Salt Lake City for using tax increment financing to support this important investment.

The relationship between tax policy and economic development is one of the trickiest areas of government. There is an old adage that reads: “If you want less of something, tax it; if you want more of somethin