Sandy Soccer Stadium Takes Another Blow

None by Eric Ray

(KCPW News) Real Salt Lake may not be able to pay their debts if a new stadium is built for the team in Sandy. Projections from an independent economic research company show the team earning profits between $1.3 and $1.8 million over the first five years of the stadium. However RSL will owe more than $3 million per year in construction debt and other loans.

The financial projections of Economics Research Associates were presented to the Salt Lake County Debt Review Committee this morningReal Salt Lake may not be able to pay their debts if a new stadium is built for the team in Sandy. Projections from an independent economic research company show the team earning profits between $1.3 and $1.8 million over the first five years of the stadium. However RSL will owe more than $3 million per year in construction debt and other loans.

The financial projections of Economics Research Associates were presented to the Salt Lake County Debt Review Committee this morning.

The Debt Review Committee is scheduled to meet Monday morning to evaluate the report. The committee will give their recommendations to Salt Lake County Mayor Peter Corroon and the city council at a later date.

[Friday].

The Debt Review Committee is scheduled to meet Monday morning [today] to evaluate the report. The committee will give their recommendations to Salt Lake County Mayor Peter Corroon and the city council at a later date.

Email to a friendPosted in KCPW Newsroom. Copyright 2009 KCPW