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admin | Category: Check A Phone Number Location | 25.05.2014
The fact is that those wanting to move the prison benefit much more than would the taxpayers. Once again, there are developers at work trying to acquire the 700-acre Utah State Prison Complex in Draper for commercial and residential development. It's a buyer's market in real estate and the developers pitching this move know this, meaning that any move benefits the developers and not the people of Utah. Utah uses about 87 percent of its bonding capacity, which is 2 percent higher than what our past state treasurer recommended as safe, and probably 7 percent over what is safe in today's financial environment. Debt solutions are the primary reason why other states are in trouble fiscally, and Utah appears to be falling into the same debt trap.
In other words, Utah will still need to determine when, where and how to pay for any increase in the prison population between now and 2019.


Likewise, taxpayers should pass on an offer of $100 million because there is little economic benefit in borrowing and spending money to relocate the prison. Chris Stout is a Salt Lake City area accountant and the Democratic candidate for Utah State treasurer in 2012. Bottom line: the people wanting to relocate the prison are looking to get richat public expense. Now is not the time to move the prison for myriad reasons — most notably since the state lacks the ability to pay for relocation costs.
The proponents of moving the prison claim that now is the time to relocate as interest rates are low, construction costs are low and economic development benefits are high. In addition, such a move doesn't solve the decade-long problem of prison overcrowding, as the current plan calls for a prison replacement with eventual expansion.


Utah, having enjoyed status as our country's "best-managed state" in the past, now ranks third in debt by size of government.
Unfortunately, Utah taxpayers are left holding the bag with this particular relocation plan.
If developers were given the option to buy the prison and grounds for the replacement cost of $471 million, they would pass. While Utah has been sheltered from debt solutions in the past, the state Legislature is increasingly relying on bonds to fund projects.



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