Snyderville Basin voters to decide $71 million recreation bond Nov. 3
The district estimates the bonds would cost about $120.94 a year on a $1 million primary residence.
Based on reporting by TownLift. Read the original story →
Voters in the Snyderville Basin Special Recreation District will decide Nov. 3 whether the district can issue up to $71 million in general obligation bonds for recreation facilities, TownLift reported. The bonds could be repaid over no more than 20 years. A yes vote authorizes them and a no vote does not, and the measure does not approve final architectural plans. [1]
The money would go toward a roughly 68,000-square-foot facility at Silver Creek Village with aquatics, climbing, child care, a gymnasium and an indoor track, and a roughly 20,000-square-foot facility at East Canyon with an indoor court and community space. [1]
The district estimates the bonds would cost about $120.94 a year on a primary residence valued at $1 million. Businesses would pay about $21.09 a year per $100,000 of value. Actual taxes depend on property values and final bond terms. [1]
The proposal shrank over the summer. In July the district considered a bond of up to $150 million for facilities totaling up to 184,000 square feet. After residents and Summit County Council members raised concerns about cost and size at an Aug. 5 discussion, the Basin Recreation board recommended the $71 million figure on Aug. 13, and the council authorized the election Aug. 19. A district survey of 1,414 people found 61% had avoided The Fieldhouse because of crowding. [1]
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This story was written by AI from the report by TownLift, which has the full story. How we write stories.