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SANDY, Utah (AP) -- The lengthy negotiations on financing for Real Salt Lake's new soccer stadium are over -- or at least almost over.
Sandy city officials approved the details last night that will give the Major League Soccer club $35 million in public funds that the Legislature promised six months ago in a last-minute deal.
The last hurdle remaining is a review of the $64 million loan RSL is getting from a major investor. A special meeting is scheduled for tomorrow, when Sandy officials are scheduled to authorize the $35 million in public money.
Sandy plans to issue the bonds next week. The money will be repaid with Salt Lake County hotel taxes.
Information from: The Salt Lake Tribune
(Copyright 2007 by The Associated Press. All Rights Reserved.)