SALT LAKE CITY, UT — A new legislative proposal, Senate Bill 333, was unveiled this week in the Utah State Legislature, creating a pathway for funding public infrastructure projects around “major sporting event venues.” The bill, sponsored by Senator Jerry Stevenson, R-Layton, introduces a tax increment financing mechanism designed to capture property tax and sales tax revenues to fund infrastructure improvements for new or renovated facilities tied to major sporting events. While the bill’s language is broad, it is widely seen as a precursor to preparations for the 2034 Winter Olympics in Salt Lake City. The bill’s provisions would enable…
