A first-of-its-kind Salt Lake City development incentive to help a Swiss rail-car maker build and staff a manufacturing plant with 1,000 employees won city approval Tuesday, despite concern that a state-driven inland port plan could siphon money away from the $9.6 million deal.
Stadler Rail plans a nearly 1 million-square-foot plant to be built in four phases on a 63-acre site near 5600 West and Interstate 80 in the city’s northwest quadrant. Under the agreement with the city’s Redevelopment Agency, the firm will receive increment financing to support construction of roads, utilities, a test track for rail cars and a rail spur.