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October 11, 2005
Salt Lake to announce plans for $60 million stadium
Photo courtesy Real Salt Lake
According to an article in today's Deseret News, Real Salt Lake will build its $60 million soccer stadium in Sandy, a Utah suburb about 15 miles south of Salt Lake City. The announcement is expected to come in a news conference to be held on Wednesday. Salt Lake City and Murray were also competing for the project.
The story notes that the state legislature may contribute to the stadium project:
Greg Curtis, speaker of the state House of Representatives and a Republican from Sandy who co-sponsored the bond legislation, thinks the answer for finding $60 million for the stadium could lie in legislation specifically for the stadium area. Curtis and Nick Duerksen, assistant director for Sandy community development, both mentioned that a model could be an enterprise zone in Phoenix that allowed tax benefits for businesses within the zone to jump-start job creation.
Where there's a will there's a way, at least in Utah. Let's hope that's true of the South Bay as well.
Posted by Jay at October 11, 2005 07:13 AM
Comments
There's also a story on this in the Salt Lake Tribune, which includes some discussion of the virtues of a downtown stadium (which was also proposed) vs. a suburban one (which won out).
Posted by: Jay Hipps, SSV at October 11, 2005 07:46 AM
Enterprise zones are the wave of the future. What a way to stimulate the local economy-- provide that tax incentive (i.e., lack of taxes incentive) to get things moving and watch your economy grow by leaps and bounds.
As the businesses in the enterprise zone do business with those local merchants, professionals, etc., outside the enterprise zone, much more tax income will be generated in the medium to long run for the local governments.
Posted by: Sonoma at October 18, 2005 01:00 PM