Joint applicant seeks inclusion in Silo Park TIR deal

BCG TBD Manager, LLC, as a joint applicant, is included in a proposed CRA tax increment reimbursement agreement term sheet for the Silo Park development, with up to $51.49 million in capped reimbursements over 25 years. The agreement would fund infrastructure, parking, and enhanced residential elements in exchange for affordable units and public amenities.

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

Covered under the same HTRZ framework as its partner, with up to 25 years of tax increment reimbursement per phase and a combined cap of $51,486,631 for reimbursable improvements. No explicit renewal beyond the capped term is specified; final conditions depend on CRA Board approval of term sheet and waivers.

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?

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

The Bcg Tbd Manager 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.

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