Salt Lake County has scheduled a public hearing for October 6, 2026, to discuss the issuance of Transient Room Tax Revenue Bonds, Series 2026, according to a September 16 notice. The hearing will be held at 1:30 p.m. in the Council Chambers at the Salt Lake County Government Center to gather public input regarding the bonds and the potential economic impact of the associated projects.
The Salt Lake County Council adopted a resolution on September 15, 2026, authorizing the issuance of the bonds. The proceeds are intended to finance the acquisition, remodeling, or construction of various buildings and transportation infrastructure for tourism purposes, along with related renovations, capital projects, and costs of issuance. The bonds will be payable from transient room tax revenues, convention center hotel fees, and pledged highway funds.
The proposed bonds may have an aggregate principal amount of up to $375,000,000 and could mature in no more than 36 years. The interest rate is expected to not exceed 7.0% per annum. Based on current estimates, the total debt service cost if held until maturity is approximately $443,123,347.69. Salt Lake County currently has no outstanding bonds secured by the revenues intended for these bonds.
The public hearing will take place in Room N1-110 of the Salt Lake County Government Center, located at 2001 So. State Street, Salt Lake City. A copy of the resolution and the indenture is available for examination at the County Clerk's office during regular business hours.
