Salt Lake area golfers can look forward to two new golf courses following City Council approval Tuesday of issuance of up to $10 million in lease revenue bonds.
Construction at a new 18-hole golf course is already under way at the Salt Lake International Airport, while crews have yet to break ground for a second 18 holes at Mountain Dell Golf Course, Parks Director John Gust said.Construction cost will be $2.8 million at the airport course and $5.2 million at Mountain Dell in Parleys Canyon. Equipment, debt service charges and other costs will be $2.8 million.
The bond will be repaid with money currently in the golf course enterprise fund and revenue generated by golf fees, which could be raised 25 percent next year, city Finance Director Lance Bateman said.
Gust said he expected both courses to be seeded in the fall of 1989 and ready for play in June of 1990, bringing the number of golf courses in Salt Lake City to eight.
Hailing progress toward the new links, Gust said, "the two new golf courses are really sitting at the hubs of Salt Lake City."
The airport course will attract tourists traveling east on I-80 and from the airport. The Mountain Dell addition will capture golfers traveling west on I-80 through Parleys Canyon, he said.
The city expects to advertise the courses in major golf magazines to attract golfers to what Gust called "first- quality courses."
Crews have already unloaded 150,000 yards of dirt at the airport course. At Mountain Dell, crews will also realign some of the existing holes while construction at the second course is under way, Gust said. The realignment will not interrupt golf traffic on the course, Gust said.
Additionally, the second course at Mountain Dell will serve as an Olympic caliber cross-country ski trail, Gust said. The ski area, together with nearby Little Dell Reservoir, will make a "total sports facility.'
The Salt Lake City Municipal Building Authority will issue the bonds, giving the city a higher credit rating, potentially saving the city $814,000 in repaying the debt, Bateman said.