Lawmakers set to spend $293 million on building projects

Utah State CapitolWhile often not talked about much, state revenue bonds are a way to pay for huge construction projects – with some kind of revenue flow from those projects ultimately paying off the bonds.

This year lawmakers are looking at a large revenue bond — $239.2 million.

Most of that comes from a massive rebuild at the University of Utah Hospital — $190 million for a discovery education and rehabilitation center.

But there are other projects as well inside of SB9:

  • $5,451,800 for constructing a southwest Salt Lake County liquor store.
  • $5,451,800 for constructing a Farmington liquor store.
  • $8,250,000 for constructing an expansion of the University Guest House at the University of Utah.
  • $4,700,000 for constructing an expansion of the Legend Solar Stadium at Dixie State University.
  • $16,000,000 for constructing the Human Performance Center at Dixie State University.
  • Authorizes the Dixie Applied Technology College to enter into a lease-purchase agreement to provide up to $9,505,300 for the Industrial Building.