- Muni bonds to fund public infrastructure improvements
- Deal is expected to have strong interest from high-yield shops
Deer Valley Resort, the winter playground for the Kardashians and others searching for slopeside luxury, is on its way to becoming one of the largest ski resorts in North America.
A five-minute drive from Park City, Utah, and under an hour away from the nearest international airport, a new development is expected to more than double the resort’s ski terrain with an additional 3,700 acres, 16 new lifts and a 10-passenger gondola.
A special district designed to fund public infrastructure is expected to borrow $300 million of high-yield municipal debt on Wednesday to support the resort. Proceeds of the bond sale will finance projects related to the development’s new addition called Deer Valley East Village.
Bloomberg Markets
By Aashna Shah
December 11, 2024