McKay Center's upkeep up to UVSC
Commissioners voted unanimously on a document that establishes a priority for how excess funds generated by the events center will be spent.
The funds will go first to operating expenses for the building, then to repair, replacement, remodeling, equipment and furniture for the building, then for use toward the county bond on the facility.
The county and UVSC entered the 50-year agreement in 1993, when Utah County incurred a bond of $6 million to help pay for construction of the center. UVSC paid the remaining costs of almost $16 million. The agreement can be terminated before 50 years, but both parties must agree to the termination.
Most recently, in the past two years, the center has started to emerge into greater financial stability and make some revenue, but historically the building has been largely unprofitable.
"Facilities like that aren't a moneymaker," said Utah County Commissioner Steve White. "They're a community resource, pretty much."
According to the interlocal agreement, UVSC is solely responsible for maintaining the building, although the building is required to be available for public use for a percentage of time.
"One of the things the (board of trustees at UVSC) has worked really hard on is to make sure monies are in place to do the proper maintenance on the building and the proper renovations that need to happen," said Val Peterson, vice president for administration and legislative affairs at UVSC.
In addition to outlining a priority for uses of excess funds generated by the building, the amendment changed the ratio of public availability of the building from 40 percent to 32 percent.
An audit of the building's use in 2003 showed the center was used for public functions just more than 40 percent of the time.
According to the agreement, public events are defined as "any scheduled meeting, activity, conference, performance, athletic event, speech, reception or ceremony that is not related to the college or its mission." College games, events, practices or classes do not count as public events.
White said the change in required public availability more accurately reflects the amount of time the public is entitled to, when compared with the amount of money the county has contributed to the facility.
Although the building has mostly not made enough money to pay for its own operations or improvements, county leaders still view the events center as a worthwhile venture.
Comments
- Canal breaks, causes landslide in Logan 3:58 p.m.
- Man's body found 3:47 p.m.
- 'Love advocates' plan 'kiss-in' 3:46 p.m.
- Many-splendored container garden 3:29 p.m.
- California's $26B deficit 3:25 p.m.
- Eat your squash and blossoms 3:21 p.m.
- Searchers shovel seeking giant worm 3:18 p.m.
- Crash kills Arizona woman 3:13 p.m.
- Lost crab pots 2:56 p.m.
- Lightning delays shuttle launch 2:54 p.m.
- Jazz brass debate Millsap match
- LDS seminary principal arrested
- 2 men cited on LDS plaza
- Jazz finances not quite so bleak
- Reactions on Boozer speculation
- Utahns among Texans' investors
- Cash for Clunkers to get rolling soon
- HBO defends U. logo use in 'Love'
- Jazz rookies quiet Thunder youngsters
- 10 years after the flood
- LDS seminary principal arrested
289 - Jazz brass debate Millsap match
183 - 2 men cited on LDS plaza
142 - Bronco collecting a galaxy of recruits
141 - Jazz talking Boozer trade?
140 - Blazers may offer Millsap a contract
124 - Stadium of Fire flag burning was fake
99 - Fairness of BCS debated
83 - Letters: Single-payer system best
76 - Services bids farewell to Jackson
70
As more and more dads are put out of work in this economy, I've been...
The photographs are mysterious, brooding, dark. They show dimples and...
wow!! he lied to so many!!!!!!
I forgot what I was going to say. Let's go ride bikes!
Nice comments Spoc, but you give them too much credit. They were just out to...
this is just sick
To be in fear is to be uneducated about the situation. You have a computer......
""We live in constant fear of the adverse impacts of climate change. For a...
All season long last year, we had to endure "experts" on here and everywhere...
The Jazz Management screwed up again by trying to low-ball the player and...
I knew a woman name Nancy who used to work at the same place I did in Nevada....
This Simmons character needs to go take a flying leap. I think the Jazz...


You can be the first to comment on this story.