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Salt Lake City approved a new Delta Center lease, potentially extending 100 years.

The lease allows Jazz Arena Investors to pay as low as $1 annually.

Mayor Erin Mendenhall emphasized the lease's long-term value for the downtown community.

SALT LAKE CITY — Utah's capital city approved the terms of a new lease agreement with a Smith Entertainment Group affiliate that could keep the Utah Jazz and Utah Mammoth downtown for the long haul.

Members of the Salt Lake City Community Reinvestment Agency board of directors, who are also City Council members, voted Tuesday to approve terms of a new Delta Center lease. The deal includes provisions that can extend the agreement for as long as 100 years for as low as $1 per year.

"The dollar amount ha

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