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December 11, 2003
UTOPIA: only wishful thinking?
There's been a lot of talk about UTOPIA recently.
There's definitely a lot more interest in the last few weeks, since UTOPIA let member cities know that they would need to underwrite the construction bonds. In the past, UTOPIA had promised cities that they would not be required to guarantee the bonds. Now that cities are being asked to put skin in the game, they are (rightly so) much more interested in kicking the tires and looking under the hood. No word yet on what other cities think, but Salt Lake City doesn't seem very positive about the responsibility. I suspect many other cities are looking at Salt Lake as the deciding vote.
Should be an interesting next couple of months as this issue comes to vote in over a dozen cities around the state. I hope that the dialogue will continue, regardless of how the cities decide to proceed.
Posted by pete at December 11, 2003 08:33 PM
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