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PROVO — The Utah County Commission has approved the sale of $51.68 million in transportation sales tax revenue bonds, according to a press release.
The bonds will be used to make payments to the Utah Transit Authority for Utah County FrontRunner commuter rail expenses the county began borrowing from the UTA in 2007.
The 28-year bonds "will pay the $50 million presently owed to the UTA this year and will, if everything continues as scheduled, make the opening of the Utah County FrontRunner possible in December."
Earlier this month in his State of the County message, Utah County Commission Chairman Larry Ellertson said that commuter rail to Utah County would boost the county economically and would also help with traffic on the county’s roads as the population continues to grow.
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