From Deseret News archives:
Sandy supports Real deal
While Sandy Mayor Tom Dolan has been a strong advocate for the stadium and immersed in the details of those plans, the City Council has been out of the loop, and its backing of the project has been questioned.
But the unanimous pledge by council members made it clear they support the public/private partnership to build the $110 million stadium and adjoining hotel and broadcast studio.
The resolution cited economic impact, high youth soccer participation, a strong commercial center around the South Towne and Jordan Commons business district, and significant growth in the valley as reasons to pass the resolution.
"Now, therefore, be it resolved that the mayor and City Council of Sandy City do strongly support the process for a public/private partnership that will result in the construction of the Real Salt Lake soccer stadium and its planned surrounding development in Sandy City," the resolution states.
"We have a proposal that Real has agreed to," Salt Lake County Mayor Peter Corroon said Tuesday. "One of the things I would like to see is whether they can live up to the terms of the agreement. If Real says they'll give us 50 cents of ticket revenue based on 20,000 seats, we want to see if that's going to happen."
In August, Corroon shook hands with Real officials and gave his support to a deal that would give the team $30 million in hotel-tax revenue to help build the stadium. Sandy has pledged an additional $15 million in redevelopment agency funds. The stadium is expected to cost $110 million.
The entire deal, however, depends on a review of the team's finances by both an independent consultant and the Debt Review Committee.
Five months after the August agreement, the financial reviews are finally gaining momentum. The independent consultant's report is due back Thursday, and the County Council has asked the Debt Review Committee to try to make a recommendation by next Tuesday.
County treasurer Larry Richardson, who serves as the Debt Review Committee's chairman, said a recommendation probably won't be ready by then.
Comments
- China executes 2 in milk scandal 11:32 a.m.
- ABC morning show cancels Lambert 11:29 a.m.
- Sanford impeachment hearings begin 11:29 a.m.
- Stocks retreat on reports 11:28 a.m.
- Murray police catch alleged burglar 11:28 a.m.
- Obama welcomes Indian PM Singh 11:26 a.m.
- Oil, gas lease plans include Alaska 11:24 a.m.
- CPSC: Crib recall response too slow 11:15 a.m.
- Handmade items in big demand 11:14 a.m.
- Diabetic boy's parents fight school 11:11 a.m.
- Protests against Phoenix LDS temple
- BYU's Lamb, Jorgensen reprimanded
- Utah, BYU are top choices for bowls
- BYU would like friendlier rivalry
- Bronco, Kyle rubber match
- Best prep football games of 2009
- KSL: Prostitution in Utah County
- Inmate dead following prison fight
- Fans greet returning Real Salt Lake
- Man trapped in own body for 23 yrs
- Glenn Beck to enter politics?
216 - RSL wins MLS Cup on penalty kicks
198 - Palin plans tour stop in Utah
178 - Protests against Phoenix LDS temple
138 - Bronco, Kyle rubber match
136 - Palin's book shows she's unqualified
133 - BYU records with win
132 - BYU would like friendlier rivalry
106 - Officer cleared in Cardall Taser case
103 - BYU cuts Women's Research Inst.
103
Associated Press Personal Finance Writer Candice Choi offers gift-giving...
Did you scream as loud or louder than the teenaged girls on opening night...
I'm a BYU fan who watched from the north end zone LES when the Ute...
Why do all mormons hate gays? Didn't Jesus teach us to love all people?...
What about the CBO estimate that this bill will actually SAVE us around 150...
How much do these writers even know about the 1a 2a? Not enough to decide if...
It's so frustrating reading the haters comments. It's unimaginable that in...
Way to go RSL!!! You guys are heros!!! Love watching and supporting you!...
Just like in America to. No difference. If I lived in Utah, I would get on...
"Everyone in Washington knows the reform plan will cost much more than the...
To "@redshirt | 9:09 a.m." what have I said that is streching rality?...


You can be the first to comment on this story.