Thursday, October 15, 2026TheUtah Ledger

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Salt Lake City development tracker

Silos Park Public Infrastructure District

Proposed public infrastructure district to help finance rights-of-way and utilities for the Silos development. A hearing was set for Jan. 20, 2026; no date set for approval.

Where it stands
Tabled
Type
Development agreement
Location
About 470 West 600 South
Applicant
Joseph McKay for Olympus QOZB, LLC and related Silos entities

Every hearing and vote

  1. January 13, 2026 · City Council

    Consent: RMF clarification, hearing dates and reappointments

    Approved · 7-0

    The Council clarified that its Dec. 9 RMF 35/45 action consisted of Ordinances 74A, 74B and 74C (code) and 74D (map). It set a Jan. 20 hearing on creating the Silos Park Public Infrastructure District at about 470 West 600 South (petitioned by entities represented by Joseph McKay), set a Feb. 3 hearing on Budget Amendment No. 4, and approved reappointments to the Business Advisory Board, Racial Equity in Policing Commission (three) and Mosquito Abatement District Board.

    Moved by Council Member Sarah Young, seconded by Council Member Daniel Dugan. Vote: 7-0

  2. January 20, 2026 · City Council

    Public hearing: Silos Park Public Infrastructure District

    Tabled · 7-0

    The Council held the required hearing on creating a public infrastructure district at about 470 West 600 South to help finance rights-of-way and utilities for the Silos development. The executive director said the proposal is at an early stage, with governing documents to follow. No one spoke. The hearing was closed and action deferred.

    • Petitioner: Joseph McKay for Olympus QOZB, LLC, Silos South Apartments Building 3, LLC, Silos Midblock QOZB, LLC and Silos South Apartments, LLC

    Moved by Council Member Daniel Dugan, seconded by Council Member Victoria Petro. Vote: 7-0

  3. January 20, 2026 · City Council work session

    Creation of Silos Park Public Infrastructure District

    Discussed

    The city attorney's staff explained how a public infrastructure district (PID) works and that creating it is within the city's discretion; no decision would be made at the Jan. 20 hearing. Developer representatives and a bond counsel attorney joined the discussion of outcomes without a PID, financial impacts if overlaid with Housing and Transit Reinvestment Zones, outcomes if the developer cannot finish, what infrastructure it would fund, and safeguards such as development agreements and performance bonding.