Isn’t this focus on the arts ill-timed given the current international financial crisis and economic recession?
The current financial crisis is rightly impacting public and private investment decisions. All organizations must refine their business plans and respond to current market conditions. It would, however, be wrong to stop progress on important community planning activities such as that of the large downtown theater. Over the next 9-12 months, Salt Lake City, the Redevelopment Agency, land owners, and the business community will prudently plan the development of the theater block to maximize the public benefits, in light of current economic conditions and with an eye towards a bright economic future.
