Special District Group

Highlighted Transactions

 

Transaction Details

Par: $260,000,000

Yield: 3.75%

Debt Structure: Current Interest, Senior Only Bonds

Pledged Revenue: Property and sales tax increment

Use of Proceeds: Finance all or a portion of the costs of the acquisition and construction of ski and four-season recreational resort improvements and infrastructure

Deal team

Military Installation Development Authority (“MIDA”)

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PROJECT DESCRIPTION

  • Wasatch County, Utah adjacent to Deer Valley
  • Developed by Extell Development
  • Approximately 5,600 total acres: around 4,300 acres of land for a ski resort, 832 acres for the Mayflower Resort development, approximately 1,271 residential units, and 690,000 square feet of commercial space
  • Project is fully entitled for all contemplated uses
  • Financing for all public improvements has been completed and development has commenced

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