Salt Palace Investment to Yield 500% Return

None by KCPW

(KCPW News) Salt Lake's economy is poised to make a 500-percent return on its investment in the Salt Palace expansion. Twenty-six new conventions are either confirmed or tentatively booked at the facility because of the more than 200,000 square feet of new exhibit and meeting space.

Salt Palace General Manager Allyson Jackson says those conventions will pump $300 million in hotel stays, restaurant tabs and other spending into the local economy. The expansion cost $58 million and took 18 months to complete. The largest new convention - Rotary International - will be the largest ever to visit Utah with an expected attendance of more than 20,000.

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