From Deseret News archives:
Real Salt Lake ready to deliver $7.5 million for youth soccer site
The soccer team has a letter of credit from Zions Bank for a no-strings-attached contribution of $7.5 million.
The team and city in April and May got into disputes over what part Real would play in the youth sports complex. Real officials had wanted the $7.5 million to be an investment in the complex to be built at 2000 North between Redwood Road and Interstate 215, meaning the team would get a cut of concession sales and naming rights.
Salt Lake City Mayor Rocky Anderson and numerous mayoral candidates, however, disagreed and said the $7.5 million had always been advertised as a gift or donation.
After weeks of accusations and bad press, Real owner Dave Checketts told reporters that within 30 days, the team would hand over a check for the money, asking for nothing in return.
In a joint statement released Monday by the team and the city, both parties said only final technical details remain to be resolved before the $7.5 million is delivered to the city. That money allows for the city to get a $15.3 million bond for the complex, which voters approved in 2003.
Real's incentive-free $7.5 million, though, came to the city at a cost. An elite sports academy established with Real Madrid that had originally been announced as being in Salt Lake is now expected to be located elsewhere.
As for where the academy will ultimately settle, team spokesman Eric Gelfand said, "we haven't really made a decision yet."
E-mail: astowell@desnews.com
Comments
- Lakers booed at home in loss 12:53 a.m.
- Big games keep UHSAA coffers full 12:51 a.m.
- TCU stuck at fourth in BCS 12:50 a.m.
- Students from abroad come to Utah 12:26 a.m.
- Sports on the air 12:18 a.m.
- Sports briefs 12:17 a.m.
- Editorial: Red flags at Fort Hood 12:14 a.m.
- Rid Capitol Hill of 'roaches' 12:14 a.m.
- Health proposal not 'reform' 12:14 a.m.
- Afterthoughts 12:14 a.m.
- BYU happy to escape with victory
230 - TCU creams U.
225 - Editorial: Mormons and gay rights
206 - Will state consider gay rights law?
149 - Can BYU root for (ick) Utah Utes?
131 - RSL heads to MLS title game
125 - Utes remain silent about BCS
120 - Celtics crush Jazz
104 - TCU stays 4th in AP; Y. 19th, U. 23rd
97 - 3A: Hurricane advances to title game
88
Sears is holding a special VIP night Sunday, Nov. 15, in stores and online.
How do you handle kids and contests? Our oldest daughter, 7, is of the...
No, students are NOT safe from predators. If a parent wants to make sure...
If you really think Mormon's are mainstream, you must not have paid attention...
I don't see the schools presidents voting to get rid of WYM or NM, even...
why people complain about how football is covered by the media too much. when...
A little perspective is not a bad thing. Notice the Cougar's won loss record...
I actually was encouraged by some aspects of the game. Any Utah fan who has...
A story about Mormons as minorities? In this paper? Get over the "victim"...
she was an awesome woman someone i looked up to when i was younger she was...
Wow you just made one of the dumbest comments I've heard yet. Fire Bronco????...
Re: Huh?, You like many other haters are probably oblivious to many obvious...

You can be the first to comment on this story.