It’s time to say goodbye to Holladay’s ‘decade of dirt’ and create a vibrant mixed-use community with new housing, employment, shopping, dining and recreation choices. We need your help in making sure your friends and neighbors have the facts, so individuals do not feel pressured to sign something without the right information.
We are aware there is an effort to gather signatures for a referendum on the plan for redevelopment of the Cottonwood Mall. Ivory Homes and Woodbury Corporation want to do what’s best for Holladay. The unanimous approval of our plan from the City Council last month came with a shared sentiment of just how vital this redevelopment is to Holladay’s future prosperity. Our plans changed significantly as a result of the public process (including 21 public meetings), prompting many members of “Holladay Citizens for Responsible Development” to ultimately express their support for the revised proposal.
Tax increment: Opponents are making false claims about the amount and use of tax dollars. To be clear, these funds are not general tax dollars. These funds do not exist without the investment from Ivory Homes and Woodbury Corporation. The funds generated by this development will be used for infrastructure such as roads, sewer, sidewalks and only in the mixed-use portion of the project. No tax increment money will be spent on the residential side. All taxing entities including the school district have voted in favor of the tax increment agreement.
More Retail: We would LOVE to have more retail than the minimums approved by the City Council! We’ve already had amazing interest from the market that is exceeding our expectations and are planning to build as much retail as the market will support. We are just being realistic in this new retail market, knowing another regional mall is not a sustainable option. The new Holladay Quarter will have:
Economic Engine: The neighborhood will be an economic engine for Holladay bringing vibrancy to this vacant site that will boost local businesses, support hundreds of office and retail jobs and increase city revenues.
We want Holladay to thrive. We live here, our families live here and we’re excited to continue to work with the community to make this a neighborhood Holladay can be proud of.