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Senate considers converting State Fair Park to authority to finance master-plan redevelopment
Summary
Senate Bill 187 would convert the State Fair Park to a state authority with the ability to issue revenue-backed bonds to fund a multi-hundred‑million-dollar master plan. Sponsor said bonds would be paid by project revenue and not by the state; senators raised local impact and impact-fee assurances.
Senate Bill 187 was presented as a long-term plan to make the Utah State Fair Park self-sustaining and to enable redevelopment into a year‑round economic hub with hotel, convention and housing components. Sponsor Senator Bridal said the board and master plan call for several hundred million dollars of investment and proposed conversion of the park from a nonprofit to a state authority to permit…
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