Economy
Salt Lake City Turns Winter Olympic Bid Into Statewide Bond Boom
The surge of development is part of a broader effort to reshape the growing region into a hub for sports, tourism and business.
Utah is betting that the 2034 Winter Olympics can do more than bring the world to Salt Lake City. It wants the Games to jumpstart a lasting economic transformation.
Local governments and agencies issued more than $4 billion of municipal bonds this year, fueling a surge of development across Salt Lake City, nearby ski resorts and the booming tech corridor to the south. Those debt issuances mark a 140% increase compared what Utah-based borrowers sold during the same period last year, according to data compiled by Bloomberg.