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UTA — about $2 billion in debt — aims to borrow $88.5 million more

Salt Lake Tribune | October 16, 2017

Related Topics: Salt Lake City International Airport

Bonds may help relocate TRAX station at Salt Lake City International Airport, cover $10 million overrun for controversial Provo-Orem transit project

(Al Hartmann | The Salt Lake Tribune) Utah Transit Authority President and CEO Jerry Benson is proposing borrowing $88.5 million more next year to help, in part, cover costs of relocating the airport TRAX station and cost overruns of a new Provo-Orem transit project.

Nearly $1 of every $3 that the Utah Transit Authority spends already goes for debt payments. But it proposed Monday to borrow another $88.

See full article at Salt Lake Tribune