The Legislature final approval to a plan to help finance a new convention-center hotel in downtown Salt Lake City.
HB356 passed 17-11 in the Senate and 49-23 in the House. It now goes to the governor for signature.
The legislation would provide a $75 million tax-rebate incentive, with $25 million each coming from the state, Salt Lake County and Salt Lake City to help fund the convention-center hotel as well as a mitigation fund to help existing hotels who lose business because of the new facility and another fund to promote tourism in other parts of the state.
"I think the economic impact on the entire state will be felt from this new facility both indirectly and directly," said floor sponsor Sen. Stuart Adams, R-Layton.
Copyright 2014 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.