Quantcast
Get breaking news alerts via email

Click here to manage your alerts
(Chris Detrick | The Salt Lake Tribune) City Creek Center recently celebrated its one-year anniversary.
City Creek not just snatching taxable sales from Gateway
Retail » Millions of dollars in new spending has been created downtown, but The Gateway’s taxable sales declined and some stores left.
First Published Jun 19 2013 04:18 pm • Last Updated Dec 07 2013 11:33 pm

City Creek Center is having a positive economic impact on downtown Salt Lake City, but its success is not without a cost.

New data from the Utah State Tax Commission estimates the high-profile shopping center generated $200 million in taxable sales during the nine-month period from its opening in March 2012 to the end of last year.

Photos
Join the Discussion
Post a Comment

About $40 million of that total appears to have come at the expense of The Gateway, its rival to the west that saw its taxable sales decline from $190 million during the final three quarters of 2011 to around $150 million in nine-month period after City Creek opened for business.

"Where the rest of City Creek’s sales came from exactly is a harder question to answer," said Matthew Lund, an economist with the State Tax Commission. "Obviously a lot of it would have come from other malls — Fashion Place, Trolley Square, Valley Fair — or anywhere else people would have shopped had City Creek not been there."

Still, when downtown business boosters look at City Creek, they don’t see a development only sucking up sales from other retailers but a burgeoning center of commerce that has brought new life and new growth opportunities to a once-struggling central business district.

"City Creek has done better than we ever could have hoped," said Jason Mathis, executive director of the Downtown Alliance. "It has brought new life to downtown."

Although he concedes that some of City Creek’s sales have been drawn from other businesses in the Salt Lake Valley, Mathis believes a lot of the volume is new spending by such consumers as convention visitors. And some money may even be new spending by Utahns — perhaps from those who previously were taking their dollars to New York or San Francisco but now are staying closer to home because City Creek has brought in retailers that previously didn’t have a presence in the state.

Looking at The Gateway’s numbers, Mathis said they point to a shopping center that has proved to be extremely resilient.

"People have been concerned about The Gateway for awhile," Mathis said. "But I think those numbers should help reassure people that it remains a worthwhile destination."

Managers of The Gateway, which watched the Apple Store and more than a dozen other tenants pull up stakes and move to City Creek, said in a statement they knew there would be a shift in the retail environment when City Creek opened. "It was a shift we anticipated and planned for. It’s all part of being in a thriving and growing city."


story continues below
story continues below

They added that The Gateway has since seen the opening of a number of new stores and restaurants, including Blickenstaff’s, Call to Surf, Bettie Page, URivals, La Jolla Groves and Malawi’s Pizza.



Copyright 2014 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Top Reader Comments Read All Comments Post a Comment
Click here to read all comments   Click here to post a comment


About Reader Comments


Reader comments on sltrib.com are the opinions of the writer, not The Salt Lake Tribune. We will delete comments containing obscenities, personal attacks and inappropriate or offensive remarks. Flagrant or repeat violators will be banned. If you see an objectionable comment, please alert us by clicking the arrow on the upper right side of the comment and selecting "Flag comment as inappropriate". If you've recently registered with Disqus or aren't seeing your comments immediately, you may need to verify your email address. To do so, visit disqus.com/account.
See more about comments here.
Staying Connected
Videos
Jobs
Contests and Promotions
  • Search Obituaries
  • Place an Obituary

  • Search Cars
  • Search Homes
  • Search Jobs
  • Search Marketplace
  • Search Legal Notices

  • Other Services
  • Advertise With Us
  • Subscribe to the Newspaper
  • Login to the Electronic Edition
  • Frequently Asked Questions
  • Contact a newsroom staff member
  • Access the Trib Archives
  • Privacy Policy
  • Missing your paper? Need to place your paper on vacation hold? For this and any other subscription related needs, click here or call 801.204.6100.