05-12-2017 02:10 via deseretnews.com

Questions linger about decade-old Real Salt Lake stadium deal

SANDY — When Sandy city officials and Real Salt Lake owners struck a deal 10 years ago, Rio Tinto Stadium and its land were expected to be worth $110 million — the cost of building the venue.
Its tax revenue was supposed to help pay off the $11 million bond Sandy took out for the project.
But just a few years later, after Real Salt Lake provided financial documents to assessors showing the Major League Soccer team had been losing money, the stadium's value was slashed by nearly half.
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