This is an archived article that was published on sltrib.com in 2011, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.
The State Board of Regents signed off Friday on the University of Utah's proposal to sell $20 million in bonds to finance the expansion of its Dee Glen Smith Athletic Center.
The U. had already won approval for the donor-funded project, but the school's upcoming admission to the Pac-10 athletic conference created a need to expedite construction. The project is needed for sports medicine, training and dining facilities, according to the Regents' resolution.
A donor stepped forward to cover the interest costs and officials hope more donors will be found to retire the debt. Otherwise, broadcast revenues expected from Ute football will have to be used to pay off the bond, officials said.
Brian Maffly