FINANCIAL_SERVICESPENDING

CRA weighs $51.5M Silo Park reimbursement pact

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 Silo Park mixed-use development in the Salt Lake Central HTRZ. The proposed agreement would provide up to $51,486,631 over 25 years in tax increment reimbursements for eligible infrastructure, parking, and enhanced residential improvements across phases I–V. The Board may also act on requested sustainability waivers and off-site net zero participation terms.

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

Trusted by teams at

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
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
Contract type
FINANCIAL_SERVICES
Contract term
25 consecutive years per phase over a 45-year period (HTRZ duration); reimbursement over 25 years capped at $51,486,631
Renewal
HTRZ zone approval allows up to 25 years of property tax increment per phase within a 45-year window and up to 80% property tax increment capture; this agreement seeks 90% of CRA’s received increment, capped at $51,486,631 over 25 years. Future amendments could adjust participation rates based on sustainability compliance.
Document type
AgendaPacket
Source document
Salt Lake City Community Reinvestment Agency Agenda Packet 2026-06-09

Related contracts

Other contracts from Silos South Bcg Lpg Partners Llc.

View all →

Frequently asked questions

Common questions about this contract, answered from the record.

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

Silos South Bcg Lpg Partners Llc was awarded this financial services contract by Salt Lake City Corporation, as recorded on June 9, 2026. The contract value is $51,486,631.

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

The Silos South Bcg Lpg Partners Llc contract with Salt Lake City Corporation is valued at $51,486,631, 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 Salt Lake City Corporation. 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.

View Silos South Bcg Lpg Partners Llc's profile

What is Salt Lake City Corporation currently buying?

Explore Salt Lake City Corporation's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Salt Lake City Corporation's profile

Bring us your territory.
We'll show you what is forming.

B2G and SLED sales intelligence. Surface government procurement signals from 80,000+ state, local, and education agencies months before the RFP.

Try Civic IQ for free