November 22, 2024

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Utah baits bids for MLB and NHL teams with bonds

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Utah baits bids for MLB and NHL teams with bonds

Professional sports-hungry Utah is hoping to entice baseball and hockey to come to Salt Lake City with bills state lawmakers passed last week that authorize bond issuance for stadiums.

that the Coyotes could simply relocate north to Utah.

Oklahoma City voters in December approved a sales tax extension to fund an at least $900 million replacement arena for the NBA’s Thunder, which has been playing in the city-owned Paycom Center since 2008. The team committed only $50 million for the project.

While the city initially envisioned short-term financing for the project, it is currently looking at multiple approaches or combinations with an eye toward finalizing a plan next year, Oklahoma City Chief Financial Officer M. Brent Bryant said in February.