FINANCIAL_SERVICESPENDING

CRA weighs $51.5M tax increment deal for Silo Park

The Salt Lake City Community Reinvestment Agency Board is considering approval of a tax increment reimbursement agreement term sheet with Silos South BCG LPG Partners LLC for the multi-phase Silo Park development, with a capped reimbursement of $51.49 million over 25 years. The agreement would support infrastructure, structured parking, and enhanced residential costs in exchange for affordable housing, public open space, and other public benefits within the Salt Lake Central HTRZ.

Status
PENDING
Document date
June 9, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Silos South Bcg Lpg Partners Llc
Agency
City of Salt Lake · UT

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TerraCycle logo
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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$51,486,631 (25-year capped tax increment); approximately $22,055,817 net present value if bonded
Contract type
FINANCIAL_SERVICES
Contract term
25 consecutive years per phase over a 45-year period, within the Salt Lake Central HTRZ
Renewal
HTRZ approval allows up to 25 consecutive years of tax increment per phase within a 45-year window; the reimbursement is capped at $51,486,631 and tied to specific reimbursable improvements. No automatic renewal beyond the capped term is indicated; final terms depend on Board-approved waivers and participation rate.
Document type
AgendaPacket
Source document
Salt Lake City Community Reinvestment Agency Agenda Packet 2026-06-09

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Salt Lake?

Silos South Bcg Lpg Partners Llc was awarded this financial services contract by City of Salt Lake, as recorded on June 9, 2026. The contract value is $51,486,631 (25-year capped tax increment); approximately $22,055,817 net present value if bonded.

How much is the Silos South Bcg Lpg Partners Llc contract with City of Salt Lake worth?

The Silos South Bcg Lpg Partners Llc contract with City of Salt Lake is valued at $51,486,631 (25-year capped tax increment); approximately $22,055,817 net present value if bonded, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Salt Lake City Community Reinvestment Agency Agenda Packet 2026-06-09 (AgendaPacket), dated June 9, 2026 from City of Salt Lake. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Silos South Bcg Lpg Partners Llc hold?

Silos South Bcg Lpg Partners Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is City of Salt Lake currently buying?

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