We know that people in the state of Utah are passionate about education, and we are as well.
First, let's be clear: We NEVER have - and we never will - propose taking money from existing education budgets, contrary to previous reports. In fact, we strongly believe we'll be an asset for Salt Lake County, for Sandy City and for the Jordan School District. We want to create new revenues and new opportunities for our area.
Far from reducing education funding, the $135 million Phase I development will instead bring $30.8 million of NEW property tax revenues to the Jordan School District over the next 25 years. And that's just the start. Future development could generate additional monies.
Real Salt Lake has not and will not ask the Jordan School District to participate in a Sandy City CDA to help provide funding for the stadium. Rather, Real Salt Lake will continue working with Sandy City officials to finalize a funding plan, utilizing other financing options which work for citizens, elected officials and the team to bring this project to reality in Sandy City.
We are planning a public Open House with team, county and Sandy City officials to talk about the development, the new stadium and what is being planned. This Open House is tentatively planned for Friday, October 6, from 5-7 p.m. in the Sandy South Town Expo Center.
