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Originally Posted by arkhitektor
I suppose this means we can abandon any hopes that Zions Bank will ever construct a new headquarters tower downtown.
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I think that they will still build a new HQ downtown. The current building has been cramped for a few years now. There is already a very small tech presence at the current HQ. Zions has been utilizing space along the Wasatch Front, from Ogden down through Provo to house various tech workers. The largest tech office for Zions has been in West Valley.
The new office will be completely for Tech. It may result in the moving between 25 and 50 people from the current HQ building.
My understanding is that there are still plans in the works for Zions to build a new HQ tower. It would be a mixed office building with Zions being the owner and primary tenant. Others would sublease space. This would allow Zions to grow while also providing additional revenue for them.
Timelines have shifted due to COVID but I would be surprised if they have pulled their plans completely. I could see them delay their plans a few years though, unless downtown commercial space fills up very quickly.