By unanimous vote Tuesday, the Salt Lake City Council, acting as the Redevelopment Agency Board, approved a $337,500 loan to Crandall Properties so the owner can renovate the Crandall Building for a Starbucks, Dickey’s Barbecue Pit franchise and a JMR clothier.
Crandall did not get all the terms requested. A push to defer interest for one year was denied. So was a petition to exempt the owners from adding showers and lockers — a requirement of all RDA projects with 25 or more employees. But the loan would allow the 120-year-old office building to add fresh retail and restaurant tenants this spring, the same time the LDS Church’s massive mall is set to open. Salt Lake Tribune
