Wednesday, February 5 2014, 08:36 PM MST
Speaker Lockhart Has Change Of Heart Concerning Government Subsidized Hotel
(KUTV) Speaker Becky Lockhart gave a big boost Wednesday to a government subsidized hotel in downtown Salt Lake City.
The speaker was against the idea last year, but now has changed her mind.
This would be a state investment of around $100 million dollars in downtown Salt Lake City.
Last year, the speaker said why downtown Salt Lake City?
This year, Salt Lake County Mayor Ben Madams, the chief advocate of the hotel, persuaded speaker Lockhart the hotel will benefit the whole state.
A private firm will put about $300 million dollars into a 1,000 room hotel and exhibit space somewhere near the Salt Palace.
The project will then be able to keep an estimated $100 million dollars in sales and property tax it would otherwise pay state and local government.
Representative Dan Mckay notes owners of existing hotels don't want government subsidized competition.
By Rod Decker
(Copyright 2014 Sinclair Broadcasting Group)