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Canyons outlines $56.6M funding picture for Innovation Center; district seeks corporate sponsors
Summary
District staff presented funding and bid-package details for phase 2 of the Canyon Innovation Center (available funds ~$56.6M) and a tiered sponsorship program (levels from $10k to $250k) that would include naming rights and in-kind/human-capital commitments.
Canyons School District staff on March 31 gave a detailed update on the Canyon Innovation Center renovation and fundraising plan, outlining available capital, current bid status and a sponsorship program to attract corporate partners.
Business administrator Leon Wilcox said the district has about $56.6 million available for the project, citing a $5 million bond premium and a recent catalyst grant among the funding sources. The construction team (Hughes, with MHTN designs) had completed Bid Package 2 market outreach; Wilcox said specialized trades (notably electrical) had been slow to respond but bids were expected to close in…
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