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Finance

Providing perspective and contextual insights on the monetary aspects of the Finance industry within the state of Utah, from Banking to FinTech and from venture capital to cryptocurrency.

Say Hello to HXCO, Utah's $1 Billion Sports,Tech, Media and Entertainment Investment Fund Coming to Utah, Courtesy of Ryan Smith and Friends

In case you missed it, Ryan Smith, Utah's 46-year-old business wunderkind, is launching a $1 billion investment vehicle focused on the confluence of sports, technology, media and entertainment. Known officially as Halo Experience Company, its formation was officially declared via the company's first "tweet"

The Top 13 Utah-focused Monetary, Financial and/or Business "News Nuggets" for March 2025 that You Might have Missed

The Top 13 Utah-focused Monetary, Financial and/or Business "News Nuggets" for March 2025 that You Might have Missed

In this report you'll find info about 11 Utah-based firms and nine separate executives that we feel made the cut as being among the most "newsworthy" last month, which (when combined together) form our writeup about Utah's Top 13 Monetary, Financial and/or Business

NEWS BRIEF: A New "Canopy by Hilton" Hotel at Deer Valley East Will Cost Close to $100 Million

NEWS BRIEF: A New "Canopy by Hilton" Hotel at Deer Valley East Will Cost Close to $100 Million

McClean, Virginia-based Hilton (NYSE:HLT) will spend upwards of $100 million to build a new 180-key Canopy by Hilton brand hotel in Park City, Utah as part of the Deer Valley East Village complex expansion. According to the Hilton news release, the new property is slated to open in summer

BREAKING NEWS: Utah's Davis School District Plans to Sell $100 Million in Bonds Today

BREAKING NEWS: Utah's Davis School District Plans to Sell $100 Million in Bonds Today

The Davis County, Utah-based Davis School District today plans to close a sale of $100 million in tax-exempt, General Obligation Bonds, Series 2025, bonds authorized by the District's Board of Education. According to its official Public Notice about this fundraising, the monies raised by the Davis School District

BREAKING NEWS: With Funding in Place, Construction has Begun on Clearway Energy's $605 Million Battery Energy Storage Portfolio in Utah's Iron and Beaver Counties

BREAKING NEWS: With Funding in Place, Construction has Begun on Clearway Energy's $605 Million Battery Energy Storage Portfolio in Utah's Iron and Beaver Counties

San Francisco, California-based Clearway Energy Group has closed a multi-bank financing package of $605 million allowing it to begin construction of its new multi-site, 320-megawatt Honeycomb battery storage portfolio based in Utah's Iron County and Beaver County. According to the Clearway news release, its Honeycomb portfolio will be

BREAKING NEWS: Two Utah Entities are Seeking a Combined Total of over $108 Million for Real Estate Work in Weber and Summit Counties, Respectively

BREAKING NEWS: Two Utah Entities are Seeking a Combined Total of over $108 Million for Real Estate Work in Weber and Summit Counties, Respectively

Wolf Creek Resort has floated over $69.4 million in "Special Assessment Bonds" for expanded real estate development work in Weber County, while the Park City School District plans to sell more than $38.6 million in "Lease Revenue Bonds" to finance improvements at Park City

NEWS BRIEF: Extra Space Storage is Raising $500 Million via an Offering of 5.4% Senior Notes due 2035

NEWS BRIEF: Extra Space Storage is Raising $500 Million via an Offering of 5.4% Senior Notes due 2035

Cottonwood Heights, Utah-based Extra Space Storage (NYSE:EXR) has announced a new debt offering to raise $500 million in new funds for the market-leading Real Estate Investment Trust (REIT) in the self-storage industry. According to the company news release, the new Extra Space senior notes come with a 5.4%