Ghosts of the past are making way for skiers and others in the future now that a public-private funding mechanism is in place for the Canyon Center development, on the site of the old Canyon Racquet Center.
The $60-million-plus development will get a $14 million tax increment boost. Public amenities are to include a 1,200-stall parking garage and a pedestrian walkway crossing Wasatch Boulevard that could be used by skiers and a public park. The development also proposes restaurants, hotels, office buildings and office space. Financing includes a pledge of future tax revenues from several taxing entities that overlay the 11-acre site, including the Canyons School District. Deseret News
