By Taylor Stevens | Salt Lake City Tribune
Salt Lake City approved in May a first-of-its kind development incentive to help Stadler Rail, a Swiss rail-car maker, expand its headquarters, redirecting a portion of the company’s taxes to support construction of roads, utilities, a test track for rail cars and a rail spur.
Months later, the area was taken over by the Utah Inland Port Authority Board, which is tasked with overseeing development of the planned 20,000-acre distribution hub in Salt Lake City’s westernmost area — and which has the authority to claim up to 100 percent of the promised tax increment — or void it altogether.
It’s still unclear whether the port board will keep the promises the city made to Stadler Rail. But it took a step in that direction at its Thursday meeting, creating a project area for the property that would make it possible to give the company a tax deal in the future.
