Bountiful RDA looks at funding for new gym

KAYSVILLE (Davis County Clipper) — A funding request to aid in construction of a new fitness center is due to be aired by the Bountiful City Redevelopment Agency, again, next Tuesday. The board, which is made up of the city council, is due to meet at 6:45 p.m., prior to the regular city council meeting, at city hall.

City Planner Aric Jensen, who also advises the RDA, said a decision could be made on a request to provide funding support for the high-end gym, Skills Fitness, which is proposed to be built on the ground floor of the Village on Main near Page’s Lane, here.

As with other RDAМ projects, funds would be loaned over a certain number of years, to be paid back through related taxes generated from the project. The RDA has provided hundreds of thousands of dollars in funds for improvements at The Square and at the Renaissance Towne Centre, for example.

Three of five principles with the Village on Main are involved in the fitness facility proposal, which would put up $4 million from the value of the apartment community as collateral, Jensen said. Funds from a common area maintenance fee would go toward repayment, with the city also projected to receive upward of $10,000 a year in sales taxes collected on any membership fees.

Project backers plan for a maximum of 5,000 people to sign up, but told city officials they could break even if 2,000 members joined. The high-end facility would differ from other area gyms, and could draw members from as far as south Farmington to West Bountiful and beyond.

Original Article