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Voters in Salt Lake County will be asked on Tuesday to decide the fate of two bonding propositions. KSL believes both measures ought to be approved.
Proposition One would allow the County to restructure its bonded indebtedness, much like a home owner would refinance to take advantage of lower interest rates. It is a good idea and ought to get a yes vote.
Proposition Two would give The Children’s Museum of Utah an enormous financial boost. A yes vote would authorize the County to purchase the building at the Gateway where the museum is planning to set up shop. The County would bond for the $15 million price tag and make the building available to the museum.
But, it would only do so, if – and this is the most important point – if the Children’s Museum comes up with $7.5 million in private donations to establish and run the proposed programs. Wisely, the County won’t spend a dime unless the museum comes up with money to match.
KSL believes an expanded Children’s Museum at the Gateway has the potential to become a world-class facility. It could set the standard for similar institutions in other communities. The benefits that would result to Utah’s children through such a dynamic public-private partnership would be worth taxpayer involvement.
Vote yes on County Proposition Number 1.
Vote yes on County Proposition Number 2.
KSL believes both measures warrant the support of voters in Salt Lake County.