We know more about what Ryan Smith wants in his NHL, NBA entertainment district

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We know more about what Ryan Smith wants in his NHL, NBA entertainment district
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Ryan Smith wants more control and more public money than just sales tax revenue for a proposed downtown sports district.

The billionaire sports tycoon wants more control and more public money in his proposed downtown district.

Ryan Smith wants control of at least three downtown blocks, unlimited building heights and a whole lot of public money as part of a deal to bring an entertainment district to Salt Lake City.The city initially denied The Salt Lake Tribune’s open-records request for the application, citing business confidentiality, but said Thursday that Smith Entertainment Group ultimately waived its claim to withhold the record.

• Potentially requiring tax increment financing, a tool that allows developers to tap new property tax revenues created in an area. “SEG believes the project area and the surrounding areas will become a desired destination,” the application states, “where both Utah residents and tourists will want to regularly visit, shop, recreate, gather, work and live.”

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