Two new Salt Lake golf courses, one already under construction, will be the beneficiaries of $10 million in bonding if the Salt Lake City Council approves a resolution at its next meeting Sept. 13.
Crews have already begun construction on a golf course adjacent to the Salt Lake International Airport, and groundbreaking is expected this fall at another course at Mountain Dell in Parleys Canyon east of the city. Completion of both is expected by 1990.By using lease revenue bonds instead of golf course bonds, the city could save $800,000 in interest payments, council budget analyst Cam Caldwell said.
At the airport course, the city has spent part of $1.2 million budgeted for initial work there. Hundreds of thousands of tons of dirt have been spread on the course, Airport Director Louis Miller said.
The bond, if approved, would be repaid by golf course revenues, a significant revenue source for city coffers.
The council will meet in council chambers on the third floor of City Hall, 324 S. State St., at 6 p.m. Tuesday.