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Thursday, November 5, 2026

Utah, on the record.

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Holladay development tracker

Royal Holladay Hills public infrastructure districts

Holladay Hills Public Infrastructure District Nos. 1-3 were created March 7, 2024 to issue bonds, with a ceiling of $80 million, for parking garage and other infrastructure; parking garage hard costs are about $51 million.

Approved

Type
Development agreement
  1. Mar 7, 2024City Council: Continued public hearing: public infrastructure districts at Royal Holladay Hills
  2. Mar 7, 2024City Council: Ordinance 2024-06: Create Holladay Hills Public Infrastructure Districts Nos. 1-3
  3. Feb 15, 2024City Council: Public hearing: public infrastructure districts at Royal Holladay Hills

In brief

Royal Holladay Hills public infrastructure districts appears on 2 recorded agendas, from the City Council meeting of February 15, 2024 to the City Council meeting of March 7, 2024.

On record, it was continued once and approved once.

The most recent decision was approved (5-0) at the City Council meeting of March 7, 2024.

Follow the money and project delivery

Royal Holladay Hills public infrastructure districts

Approved

  1. Council action

    Approved: Ordinance 2024-06: Create Holladay Hills Public Infrastructure Districts Nos. 1-3 · Approved minutes Record → · March 7, 2024

  2. Money in the record

    budget: $51.0 million — Parking garage hard costs Record → · March 7, 2024

  3. Signed agreement and payments

    Execution and project-level disbursements are not verified by this tracker. They require separate records; meeting approval alone does not establish either.

  4. Work and operating costs

    Check the linked records for completion and recurring operating costs; this tracker does not verify them. Record →

Every hearing and vote

  1. March 7, 2024 · City Council

    Continued public hearing: public infrastructure districts at Royal Holladay Hills

    Discussed

    No comments; the hearing closed. Parking garage hard costs are about $51 million and the bonding ceiling is $80 million. A bond adviser said about $67 million to $70 million in bonds would be needed to produce about $50 million in usable proceeds, given a roughly 10% reserve fund and three years of capitalized interest.

  2. March 7, 2024 · City Council

    Ordinance 2024-06: Create Holladay Hills Public Infrastructure Districts Nos. 1-3

    Approved · 5-0

    Creates the districts that could issue bonds for the Royal Holladay Hills project.

    Moved by Council Member Paul Fotheringham, seconded by Council Member Ty Brewer. Vote: 5-0; unanimous

  3. February 15, 2024 · City Council

    Public hearing: public infrastructure districts at Royal Holladay Hills

    Continued

    No comments; the hearing stayed open. The district budget is $50 million and the maximum bond issuance $80 million, a figure staff was seeking more information on.