Salt Lake City forbids “clustering”
September 26, 2008 | industry | Comments (1)From the story:
By unanimous vote, the Planning Commission this week agreed to a half-mile spacing requirement for future payday-loan businesses. That same distance restriction would apply from schools, churches, city-owned government buildings and state property.
The recommendation now moves to the City Council, whose members want to join the ranks of nine other Salt Lake Valley cities that have cracked down on the highÂinterest- loan stores.
“The ethic we have in the city and one we are trying to promote is being responsible financial citizens,” said comÂmission Chairman Matthew Wirthlin.
At least one commissioner questioned whether the move goes far enough.
“If we don’t put a cap but we put a spacing limit, the city could have more than the existing 49′ stores, Commissioner Susie McHugh argued.
If Salt Lake City adopted a one-per-10,000-residents rule, as other cities have done and planning staffers recommend, that number eventually could be slashed to 18.
Comments»
Next thing they will tell us is who to hire, size and color.