Friday, December 1, 2023

Living Planet Aquarium to Quadruple Size with Loan From Salt Lake City

The Salt Lake Tribune reports on City Council’s unanimous decision to loan $11.7 million for the new aquarium facility:

“Under the agreement, the city will take out a sales-tax revenue bond for $11.7 million to cover the city’s share of the project, as well as cover the first year of payments while the aquarium gets up and running. The original agreement only covered the $11 million construction cost.

“The aquarium will get the remaining $7 million from donations and $2 million from the state.
“Under the agreement, the aquarium will give the city title to the building and its exhibits. The city will hold that until the bond is paid off.”
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Joe Kleiman
Joe Kleiman
Raised in San Diego on theme parks, zoos, and IMAX films, InPark's Senior Correspondent Joe Kleiman would expand his childhood loves into two decades as a projectionist and theater director within the giant screen industry. In addition to his work in commercial and museum operations, Joe has volunteered his time to animal husbandry at leading facilities in California and Texas and has played a leading management role for a number of performing arts companies. Joe previously served as News Editor and has remained a contributing author to InPark Magazine since 2011. HIs writing has also appeared in Sound & Communications, LF Examiner, Jim Hill Media, The Planetarian, Behind the Thrills, and MiceChat His blog, takes an unconventional look at the attractions industry. Follow on twitter @ThemesRenewed Joe lives in Sacramento, California with his wife, dog, and a ghost.

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