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May. 24, 2013

Plans for Convention Center-Area Hotels, Airport Renovation Advance

By Alex Girda, Associate Editor

After a lengthy gestation period, two hospitality projects tied to Salt Lake City’s planned convention center are ready to get off the ground . A joint venture of Alex Brown Realty Inc., PEG Development and Blue Diamond Capital are proposing a complex that would include two hotels, a parking structure and a mixed-use retail component.

Set to be developed on a three-acre site at the southwest corner of West 100 South and South 300 West, the project would be  located near Energy Solutions Arena, Salt Lake Palace Convention Center and Temple Square. City Creek and Gateway offer 1.5 million square feet of nearby retail space between them.

Also advancing is a $2 billion renovation plan for Salt Lake City International Airport. The project would focus on securing faster takeoffs, the introduction of new equipment and taking advantage of the nearby mountain views. The Deseret News reports that airline fees, ticket surcharges and federal grants would provide funding for the project, which is scheduled to get under way next year and conclude in 2024. Around 11 percent of the project’s budget will come from federal grants.