Sandy now says it can provide team $15M
This is an archived article that was published on sltrib.com in 2007, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

Turns out, Sandy can generate the $15 million in redevelopment dollars pledged to Real Salt Lake even without participation from the Jordan School District, the suburb's economic development director says. Randy Sant suggested Friday that if Salt Lake County approves public funding for the proposed soccer stadium, Sandy could funnel the new property taxes to RSL in two installments. "We will consider issuing $10 million based on the $110 million taxing entity for the stadium now," Sant said. "Then, when Real expands to $135 million [for a planned hotel and broadcast studio], we could issue the extra $5 million." Sant's comments contradict earlier statements that the city could come up with only $11 million without the school money, leaving a $4 million gap. On Thursday, Sandy Mayor Tom Dolan said RSL would have to cover such a funding hole. But Sant suggests a better tax rate would allow the suburb to cover the cost. "We don't think the school district will change its mind in any way, shape or form," Sant said. Dean Howes, the team's CEO, said he is certain the "Sandy problem will get solved." But county Mayor Peter Corroon is less convinced. "That's still a big question," he said. - Derek P. Jensen

Article Tools

Enter a search phrase.

Specify a Range

From  to

 

 
Missing your paper? Need to place your paper on vacation hold? For this and any other subscription related needs, click here or call 801.204.6100.