Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • The Rs 10 NAV myth: Why a ‘cheap’ mutual fund is one of investing’s biggest lies – Money Insights News
    • Buzzer beat tariff deal: “will give the US $350 billion for investments owned and controlled by the US, and selected by myself”
    • Push for Liquid Staking in Solana ETFs Gains Institutional Support
    • CPP Investments to provide $225 million in funding for Ontario data center
    • 7 Ways To Help Clients Use ETFs To Diversify Their Portfolios
    • Amazon profits surge 35% as AI investments drive growth
    • Act fast, avoid pitfalls: Winning property tactics
    • I Tried the Summer’s Most Refreshing Sip That ‘Tastes Like a Vacation’ and It’s Totally Worth the Hype
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Bonds»Park City School District to fund new sports fields with lease revenue bonds
    Bonds

    Park City School District to fund new sports fields with lease revenue bonds

    October 30, 2024


    Despite decreasing district enrollment, interim Superintendent Caleb Fine said sports participation has steadily increased over the years.

    “We’ve seen about a 50-student increase in student-athletes the last three years. So we are seeing significant participation in student athletics, over 700 [total students] last year,” he said.

    The district board of education has considered various athletic facility plans over the last seven months as it tries to balance sports needs. The board now plans to move forward with three phases: phases one, two and four.

    In phase one, softball and baseball fields will be built near Treasure Mountain Junior High. Phase two will demolish Treasure Mountain after it’s decommissioned at the end of the school year. In its place, soccer fields and tennis courts will be added. Phase four would revamp the Dozier Football Field with a new track and turf.

    The combined projects would cost around $36 million and Fine said they would not require any more money from taxpayers.

    “There’s a way to do lease revenue bonds, and we are currently allocating about $1.9 million out of capital every year for our construction projects,” he said. “Well, those construction projects are wrapping up, so we’re able to reallocate that funding to paying for the fields and turf.”

    Fine said the interest rate on the lease revenue bonds is very low and considering the needs of students, it would be best to get them the facilities they need sooner rather than later.

    The current softball and baseball fields cannot be used during winter and early spring. The lacrosse and soccer teams compete for playing time on existing soccer fields. Fine said the new fields will help students compete at the same level as other districts.

    Phase three includes renovating the existing Park City High School gym and building a field house and parking. This phase would cost upwards of $90 million. The district is examining options to fund these additions including a potential tax increase.

    “One of the reasons the board likes phases one, two and four is they’re able to move quickly on that while still offering the flexibility to the future to determine really how to best utilize that space and the funding,” Fine said. “But there is a plan in place that allows the future board and the community to see how this could be phased out.”

    Fine said the field house and gym renovations are part of the master plan because they provide facilities close to students. While the district has looked into collaborating with Basin Rec and Park City Municipal, Fine said it’s ideal for students to have sports facilities on their school’s campus. This is especially beneficial for students who can’t drive and allows practices to begin immediately after school.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Japanese bonds log weekly foreign outflows on BOJ policy caution

    July 30, 2025

    What Are Bonds? A Beginner’s Guide (2025)

    July 30, 2025

    Pay contractors with bonds to curb inflation – Joe Jackson advises government

    July 30, 2025
    Leave A Reply Cancel Reply

    Top Posts

    The Rs 10 NAV myth: Why a ‘cheap’ mutual fund is one of investing’s biggest lies – Money Insights News

    August 1, 2025

    Qu’est-ce qu’un green bond ?

    December 7, 2017

    les cat’ bonds deviennent incontournables

    September 5, 2018

    ETF : définition et intérêt des trackers

    May 15, 2019
    Don't Miss
    Mutual Funds

    The Rs 10 NAV myth: Why a ‘cheap’ mutual fund is one of investing’s biggest lies – Money Insights News

    August 1, 2025

    Recently, there was a new fund offer (NFO) from Capitalmind. As expected, it came with…

    Buzzer beat tariff deal: “will give the US $350 billion for investments owned and controlled by the US, and selected by myself”

    July 31, 2025

    Push for Liquid Staking in Solana ETFs Gains Institutional Support

    July 31, 2025

    CPP Investments to provide $225 million in funding for Ontario data center

    July 31, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    No Other Crypto ETFs In The Foreseeable Future: BlackRock

    July 30, 2024

    Best Motilal Oswal Mutual Funds: Top 3 schemes deliver up to 29% returns in 1 year – Money News

    May 14, 2025

    Fidelity International Launches First Blue Transition Bond Fund

    October 16, 2024
    Our Picks

    The Rs 10 NAV myth: Why a ‘cheap’ mutual fund is one of investing’s biggest lies – Money Insights News

    August 1, 2025

    Buzzer beat tariff deal: “will give the US $350 billion for investments owned and controlled by the US, and selected by myself”

    July 31, 2025

    Push for Liquid Staking in Solana ETFs Gains Institutional Support

    July 31, 2025
    Most Popular

    ₹10,000 monthly SIP in this debt mutual fund has grown to over ₹70 lakh in 23 years

    June 13, 2025

    ₹1 lakh investment in these 2 ELSS mutual funds at launch would have grown to over ₹5 lakh. Check details

    April 25, 2025

    ZIG, BUZZ, NANC, and KRUZ

    October 11, 2024
    © 2025 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.