Soccer Stadium Could Cost Taxpayers $45M

Soccer Stadium Could Cost Taxpayers $45M

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SALT LAKE CITY (AP) -- Taxpayers may have to shell out 45-million dollars to put a Major League Soccer Stadium in downtown Salt Lake.

Price estimates show the 10-acre block proposed for Real Salt Lake could cost 12-point-5-million, plus interest.

It would also cost 1-point-2 (M)million dollars to build a TRAX station nearby and 30-million dollars to cover half of the stadium's construction costs.

The city may also spend more than that in other developments in the next decade -- such as housing, retail, restaurants around the proposed stadium.

R-S-L wants either Salt Lake City or Murray to buy land for the stadium.

The team will then ask Salt Lake County residents to raise their property taxes to come up with 30 (M)million dollars to help build the 60 (M)million dollar sports venue.

The Salt Lake City Council will meet tonight to discuss the details of the proposed stadium block.

(Copyright 2005 by The Associated Press. All Rights Reserved.)

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