KEY TAKEAWAYS

Smith Entertainment Group and Live Nation announced a 6,000-capacity concert venue.

The venue will host 200 events annually and boost downtown Salt Lake City traffic.

SEG can collect up to $900 million for the downtown revitalization project.

SALT LAKE CITY — The vision for a revitalized downtown Salt Lake City is starting to take shape — and it begins with live music.

On Tuesday, Smith Entertainment Group and Live Nation unveiled plans for a 6,000-capacity indoor concert venue just steps from the Delta Center. It marks the first official announcement regarding SEG's plans for the space east of the Delta Center.

"Our goal has always been to bring enormous opportunities to downtown," said Ryan Smith, SEG chairman and CEO.

The new venue is expected to host about 200 even

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