Monday, January 24, 2011

Ogden wants to extend Business Depot Ogden projects

Ogden City's administration wants to extend the life of Business Depot Ogden's economic development project area by up to five years to generate $15 million in tax increment for construction of a multipurpose field house.

Continuing the BDO project area beyond its 2019 expiration date would provide the single largest source of funding to repay construction bonds for the field house, estimated to cost as much as $40 million, according to a Weber County RAMP grant application submitted by the administration.

A proposal calls for the field house to include a 60,000-square-foot indoor water park, Olympic-size pool, tennis courts, running track and velodrome on about 5 acres in the southwest section of 24th Street and Kiesel Avenue. Ogden Standard Examiner