Questions linger about decade-old Real Salt Lake stadium deal

Rio Tinto Stadium devalued by nearly half, county records show

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  • Brave Sir Robin San Diego, CA
    Dec. 5, 2017 4:16 p.m.


    "A difference that I see is that the Miller's paid for the Jazz arena themselves. There is no bond financed by Salt Lake City, Salt Lake County, or the State of Utah. They built it without government help."

    Wrong, wrong, and wrong.
    1. The building was 100% privately financed, yes. So was the RSL stadium. The land was publicly paid for and given to the Millers for a "rent" of $1 per year.
    2. There is a bond from SLC for the Miller's arena, for $36 million.
    3. See above - plenty of government help for the Millers.

  • Fitness Freak Salt Lake City, UT
    Dec. 5, 2017 1:56 p.m.

    The absolute BEST thing the legislature could do would be to outlaw any/all of these types of "deals".

    If a taxing entity (cities, counties)want to lend the developer/owner money through their bonding abilities (low interest), thats one thing - as long as the developer is willing to secure the bond through some of his/her other tangible assets.

    No more corporate welfare, PLEASE!

  • VIDAR Murray, UT
    Dec. 5, 2017 1:51 p.m.

    If I remember correctly it was the Huntsmans that pushed to have the soccer stadium built-approved. Without this it might not have happened. Perhaps they should step up and take over the stadium if it is having a hard time making enough money to pay its property tax bills

    Dec. 5, 2017 1:15 p.m.

    Do Salt Lake City School District residents still have the privilege of supporting Jordan School District? Lump us in too, with the tax shift.

  • SME Bountiful, UT
    Dec. 5, 2017 11:34 a.m.

    Re: Brave Sir Robin

    A difference that I see is that the Miller's paid for the Jazz arena themselves. There is no bond financed by Salt Lake City, Salt Lake County, or the State of Utah. They built it without government help.

    I'm not a big Peter Corroon fan, but when he was in charge of Salt Lake County he refused to pay for this stadium, an excellent decision given what we're seeing now.

  • Impartial7 DRAPER, UT
    Dec. 5, 2017 10:53 a.m.

    It's time for an independent, Federal investigation. This is nothing but collusion and theft of taxpayers. People need to go to prison.

  • birder Salt Lake City, UT
    Dec. 5, 2017 10:25 a.m.

    Sports arenas should be paid for by the people who attend the games, not by the taxpayers who never attend.

  • Brave Sir Robin San Diego, CA
    Dec. 5, 2017 10:16 a.m. mention in the article of how the Millers have successfully contested the value of the Jazz arena TWICE. Where's the outrage over that?

    In fact, the Jazz have gotten so good at this that the currently-assessed value of their arena is less than the RSL stadium by about $3 million, even though the Jazz arena sits on a much more valuable piece of land.

    Why no mention of this?

  • Iron Rod Salt Lake City, UT
    Dec. 5, 2017 10:10 a.m.

    I am a little confused from the article .
    Is the stadium privately owned?
    Who exactly is the owner of the stadium?
    Who exactly is the owner of the land the stadium sit upon?
    If the State of Utah contributed $35 million to the project does that make them an equity partner in the stadium?
    Does that $35 million need to be paid back or was it simply a gift?
    The $11 million that Sandy gave or guaranteed it will be repaid by who and what rate?
    Please help me out

  • USAlover Salt Lake City, UT
    Dec. 5, 2017 9:39 a.m.

    Pay your property taxes like the rest of us, folks.


  • Ben H Clearfield, UT
    Dec. 5, 2017 8:51 a.m.

    I am both a Real Salt Lake Season Ticket holder and someone who rents from Deloy Hansen.

    When the stadium was built, they cut some of the extras out to save money. Hence, it does not value for it's originally stated price because it was not built to those specifications.

    Mr. Hansen has taken on several projects out of his own pocket to increase the value of the stadium and the value to the city. He has not asked the state, county or city for these projects.

    I've also seen feedback from fans from other cities. The overall experience is good. The main problems with the stadium area: There is not a huge variety of restaurants, bars or hotels near the stadium to hang out at either before or after the game. There is not enough parking nearby. UTA does not run extra buses or trains near the stadium for games.

    Doing some of these things will increase the value of the stadium and the potential to make more money from the team.

  • Lia Sandy, UT
    Dec. 5, 2017 7:56 a.m.

    Bring it down and give the land to developers.

  • Holy-Schamoly-What Baloney Kaysville, UT
    Dec. 5, 2017 12:12 a.m.

    A couple things;
    1) I'll bet every person that owns a house and then loses their job would love to have their property taxes reduced according to their income, not being assessed on what the home cost to build. Double standard for sure.
    2) Didn't we just read that the fair grounds stadium needed a few million more in construction costs after it was finished because some things, like security fencing, aren't adequate? Makes one wonder who evaluates these proposals for completeness and common sense.
    3) I hope this owner isn't like the other fat-cat rich owners who enjoy tax breaks and then call on the Legislature to raise our taxes to pay for their Our Schools Now initiative. There's too much of "everyone else pay for my personal agenda."

  • kolob1 Sandy, UT
    Dec. 4, 2017 9:53 p.m.

    The financial documents used by Salt Lake County's Assessor's for devaluation of the brand new $110 Million Dollar Stadium included $30 Million dollars of losses sustained prior to construction of the stadium. Why the taxpayers should foot the bill for these losses and why the County Assessor's office allowed the losses to be included in their process is criminal. The REAL franchise is worth about $200 Million today. Where is the citizens share ?
    The "Forbearance Agreement " did not mention the tax shortfall once and Nick Duerksen , RDA Director declared , in writing, that the Forbearance Agreement had nothing to do with the tax revenue shortfall. That the City used the money to be applied to the parking breach to cover the tax shortfall is another display of a cover up, or smoke .
    Finally, Utah Soccer Stadiun owners LLC promised the taxpayers in writing that they would maintain an assessed value of $110 Million until the 2008 Sandy City $11 Million Bond was paid in full.
    REAL Soccer would be worthles today without the $50 Million free money provided by the citizens of Sandy City and Salt Lake County. The citizens are due an honest audit,

  • NoNamesAccepted St. George, UT
    Dec. 4, 2017 7:18 p.m.

    The common taxpayer always get the raw end of these deals.

    But, far too many keep voting to approve bonds based on fair promises of the great things that will be done, all the benefits to be had, and claims that there won't be a tax increase.

    Well past time to stop subsidizing pro sports teams.

  • samhill Salt Lake City, UT
    Dec. 4, 2017 7:06 p.m.

    The "smell test" on this deal has always been pretty bad. The fact that the aroma has only been noticed recently just makes it worse.

    I'd love to see a report on the rate of "success" of these private/public cooperative arrangements that have produce stadiums and arenas all over the country and for a variety of sports franchises.

    From everything I've seen, the public gets the short straw almost every time while the private entities, from the franchisee owners, real-estate agents and contractors to the politicians who approve the deals, always seem to go away with a very sweet deal.