Council approves parameters for transient-room-tax bonds to support Salt Palace project
September 15, 2026 | Salt Lake County Commission and Boards, Salt Lake County, Utah
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Salt Lake County Council voted unanimously Sept. 15 to adopt a parameters resolution permitting the county to issue transient room tax (TRT) bonds that could help finance the Salt Palace project.
Darren Casper, the presenter, said parameters resolutions intentionally list broad maximums—using an example of a $375 million cap—so that municipal advisers and underwriters have flexibility when finalizing terms. “We may expect for example that the interest rate would be 4% but the parameters resolution will list 7%,” Casper said, explaining that the broad language permits efficient market execution.
The presenter said the expected need for the Salt Palace was closer to $315 million, while the resolution lists a larger amount to preserve flexibility; the county will complete an RFP for an underwriter and proceed with final decisions according to market conditions. Council approved the resolution by voice vote with no recorded opposition.
Darren Casper, the presenter, said parameters resolutions intentionally list broad maximums—using an example of a $375 million cap—so that municipal advisers and underwriters have flexibility when finalizing terms. “We may expect for example that the interest rate would be 4% but the parameters resolution will list 7%,” Casper said, explaining that the broad language permits efficient market execution.
The presenter said the expected need for the Salt Palace was closer to $315 million, while the resolution lists a larger amount to preserve flexibility; the county will complete an RFP for an underwriter and proceed with final decisions according to market conditions. Council approved the resolution by voice vote with no recorded opposition.
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