SALT LAKE CITY — The Smith Entertainment Group is planning to build a new venue for concerts and other events in downtown Salt Lake City as part of its "entertainment district."
SEG, which owns the Utah Jazz and Utah Mammoth, announced Tuesday that it is partnering with Live Nation Entertainment to build the facility. They expect it to hold 6,000 seats, and they say it will host around 200 events each year — including 100 concerts.
The exact location was not immediately given, but SEG said it will be built in the 6.5-acre mid-block area between the Delta Center and the Salt Palace Convention Center. They said they plan to start demolition of the existing structures on that site in early 2027.
WATCH: SEG releases renderings, begins multi-year renovations to Delta Center
"Both SEG and Live Nation will be committing considerable financial investment into the development of this venue," SEG CEO Ryan Smith said. "This is the first of many announcements as we continue to work at attracting the best and most influential brands in the world to invest in our state.”
Earlier this year, Salt Lake County approved the sale of a large parcel of the Salt Palace Convention Center to SEG for $55.4 million.
SEG executive Mike Maughan added that this is part of their plan to "connect ... the east and west sides of downtown."
WATCH: Salt Lake County approves sale of Salt Palace land to Smith Entertainment Group
SEG said the Delta Center will continue to host larger capacity concerts of up to 19,000 attendees.
