Utah § 11-71-301 Private-public partnerships for a major sporting event venue.

Utah Statutes

§ 11-71-301 — Private-public partnerships for a major sporting event venue.

Utah·Title 11 Cities, Counties, and Local Taxing Units·Ch. 11-71 Major Sporting Event Venue Zones·Part 11-71-3 Partnership Agreements

(1)A person that seeks to enter into a private-public partnership with a creating entity shall provide the creating entity with an application that:

(1)(a) demonstrates the applicant is qualified to operate, in whole or in part, a major sporting event venue; and

(1)(b) provides any additional information required by the creating entity.

(2)A creating entity may enter into a private-public partnership:

(2)(a) if, after reviewing the application described in Subsection (1), the creating entity determines a private-public partnership will promote the objectives of the major sporting event venue zone; and

(2)(b) through an agreement described in this section.

(3)An agreement to create a private-public partnership between a person and a creating entity:

(3)(a) may establish or recognize an o

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(1) A person that seeks to enter into a private-public partnership with a creating entity shall provide the creating entity with an application that:
(1)(a) demonstrates the applicant is qualified to operate, in whole or in part, a major sporting event venue; and
(1)(b) provides any additional information required by the creating entity.
(2) A creating entity may enter into a private-public partnership:
(2)(a) if, after reviewing the application described in Subsection (1), the creating entity determines a private-public partnership will promote the objectives of the major sporting event venue zone; and
(2)(b) through an agreement described in this section.
(3) An agreement to create a private-public partnership between a person and a creating entity:
(3)(a) may establish or recognize an ownership interest in the major sporting event venue for the person, in consideration of the person's financial investment in the major sporting event venue;
(3)(b) may establish an ownership interest in the major sporting event venue for the creating entity, in consideration of the creating entity's financial investment in the major sporting event venue zone; and
(3)(c) may create a lease interest for the person in the major sporting event venue.

Utah § 11-71-301 (Private-public partnerships for a major sporting event venue.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.