CRA considers Silo Park tax increment agreement

Salt Lake City’s CRA is evaluating a tax increment reimbursement agreement term sheet with BCG TBD Manager, LLC as part of the Silo Park Development in the Salt Lake Central HTRZ. The proposal seeks up to $51,486,631 over 25 years to reimburse eligible infrastructure, parking, and enhanced residential costs at a 90% participation rate, subject to sustainability policy waivers and conditions.

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 authorization permits tax increment capture for up to 25 years per phase within a 45-year period; the term sheet caps reimbursement at $51,486,631 and may be adjusted based on sustainability performance and policy waivers.

Document type

AgendaPacket

Source document

Salt Lake City Community Reinvestment Agency Agenda Packet 2026-06-09

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City of Salt Lake, Utah$51,486,631 (25-year capped tax increment); approximately $22,055,817 net present value if bondedJun 9, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

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

Bcg Tbd Manager 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 Bcg Tbd Manager Llc contract with Salt Lake City Corporation worth?

The Bcg Tbd Manager 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 Bcg Tbd Manager Llc hold?

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