Commercial Funding Priorities

At a glance

• What: Proposed commercial priorities to guide the Agency's annual funding, acquisition, leasing and investment decisions.
• Where it stands: Informational briefing August 18, 2026; no vote.
• Status: Open; directors want follow-up on implementation and on thresholds and incentives.

Detail

Hayden Callaway and Ashley Ogden reviewed existing commercial programs and proposed four priorities: activating underused spaces, expanding publicly accessible commercial uses, supporting local independent businesses, and improving placemaking and pedestrian safety. They also outlined priorities for each project area and how they could be used in existing Agency tools.

Discussion covered more variety in businesses along State Street where certain types are concentrated; the difficulty of requiring developers to lease to preferred or local tenants when no tenants were named at financing; and how later discussions will set thresholds and incentives for projects seeking assistance.

Director requests

• Petro: a proactive parking strategy along North Temple, such as master leasing or parking facilities, to support businesses.
• Puy: future updates on how the commercial funding and leasing strategies are implemented and what they achieve.
• Dugan: add family-oriented commercial uses to the overarching priorities; staff said the publicly accessible uses priority could be refined to address gaps in family-oriented businesses.

Sources

• Community Reinvestment Agency minutes, August 18, 2026 (approved October 13, 2026): https://slc.primegov.com/Public/CompiledDocument/45591

Log

2026-08-18 - Community Reinvestment Agency

Briefing on four proposed priorities; three director requests recorded.