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HomeMy WebLinkAboutTransmittal - 6/9/2025SALT LAKE CITY TRANSMITTAL To:  Community Reinvestment Agency Chair Salt Lake City Council Chair Submission Date: 06/06/2025 Date Sent to Council: 06/09/2025 From: Department * Community Reinvestment Agency Employee Name: Stine, Robyn E-mail robyn.stine@slc.gov Community Reinvestment Agency Director Signature Mayor's Office Chief of Staff Signature Community Reinvestment Agency Director Signed Date 06/09/2025 Chief of Staff's Signed Date 06/09/2025 Subject: Straw Poll for Ballpark Activation Community Benefit Additional Staff Contact: Lauren Parisi - Lauren.Parisi@slc.govMakena Hawley - makena.hawley@slc.gov Presenters/Staff Table Lauren Parisi - Lauren.Parisi@slc.govDanny Walz - danny.walz@slc.gov Document Type Information Item Budget Impact? Yes No Budget Impact: 75,000 Recommendation: The Salt Lake City Community Reinvestment Agency (CRA) requests a straw poll to approve the use of $75,000 from the State Street Fund-Strategic Intervention Program to approve a Professional Services Agreement to Activate the Smith’s Ballpark stadium from July to December 2025. Background/Discussion The CRA has been working diligently to establish a Professional Services Agreement with a production company to activate the stadium from July through December as a temporary interim use. This activation is part of a broader strategy to maintain vibrancy and community presence at the site while long-term development plans are being finalized. A separate process to secure a longer-term agreement is also in progress to extend the interim use and ensure continued engagement with the space as redevelopment project details evolve. Will there need to be a public hearing for this item?* Yes No Public Process This page has intentionally been left blank SALT LAKE CITY CORPORATION 451 SOUTH STATE STREET, ROOM 115 WWW.SLC.GOV · WWW.CRA.SLC.GOV P.O. BOX 145518, SALT LAKE CITY, UTAH 84114-5518 TEL 801-535-7240 · FAX 801-535-7245 MAYOR RIN ENDENHALL Executive Director DANNY ALZ Director SALT LAKE CITY COMMUNITY REINVESTMENT AGENCY STAFF MEMO DATE: June 9, 2025 PREPARED BY: Lauren Parisi, Senior Project Manager and Makena Hawley, Project Manager RE: Straw Poll for Ballpark Activation Community Benefit REQUESTED ACTION: Straw Poll to Approve $75,000 for Ballpark Activation POLICY ITEM: Ballpark Redevelopment BUDGET IMPACTS: $75,000 from the State Street Fund-Strategic Intervention Program EXECUTIVE SUMMARY: The Salt Lake City Community Reinvestment Agency (CRA) requests a straw poll to approve the use of $75,000 from the State Street Fund-Strategic Intervention Program to approve a Professional Services Agreement to Activate the Smith’s Ballpark stadium from July to December. BACKGROUND INFORMATION The CRA has been working diligently to establish a Professional Services Agreement with a production company to activate the stadium from July through December as a temporary interim use. This activation is part of a broader strategy to maintain vibrancy and community presence at the site while long-term development plans are being finalized. A separate process to secure a longer-term agreement is also in progress to extend the interim use and ensure continued engagement with the space as redevelopment project details evolve. FUNDING SOURCES Initially, the CRA intended to fund the interim activation through non-project area operations funds. However, unexpected property-related expenses have significantly reduced the availability of those funds, creating a shortfall. To move forward, the CRA is proposing the use of funding from the Strategic Intervention Program of the State Street Project Area. This investment will deliver meaningful community benefits by reactivating a central neighborhood asset, enhancing public safety, and fostering a lively, inclusive, and positive atmosphere during a pivotal period of transformation. To date, the CRA Board of Directors (Board) has appropriated $11,105,245 to the State Street Project Area Fund-Strategic Intervention Program and $6,615,245 has yet to be allocated to a project. If the Board approves the $75,000 for the Ballpark Activation, the remaining balance of these appropriations would be $6,540,245. 2 FUNDING HISTORY RDA-FY23-SS-Strategic Intervention-SS [Capital Reserves] $3,736,642 RDA-FY24-SS-Strategic Intervention-SS [Capital Reserves] $3,364,709 RDA-FY25-SS-Strategic Intervention-SS [Capital Reserves] $4,003,894 Projects Funded Budget Total $4,490,000 Available $6,615,245 STRAW POLL REQUEST Proposed Appropriation Budget Remaining Appropriations Total Remaining $6,540,245 This page has intentionally been left blank