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Council approves resolution allowing sales-tax exemption for remainder of Golden Circle Casino construction
Summary
Park City council approved a resolution that would allow a sales-tax exemption covering future purchases for the Golden Circle Casino project; council heard from bond counsel and project representatives about cost increases and construction status.
The Park City City Council voted on Jan. 14 to approve a resolution authorizing a sales-tax exemption for future construction purchases by Ruffin Properties at the Golden Circle Casino site.
Sarah Steele of Gilmore & Bell, serving as the city’s bond counsel, told the council the resolution applies only to sales tax and does not affect property-tax abatements. She said the project’s remaining construction costs were conservatively estimated at about…
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