SALT LAKE CITY — Tooele County “mishandled” the sale of the multimillion-dollar Utah Motorsports Campus by not following best practices for selling public property, legislative auditors concluded in an audit report released Tuesday.

Because the county did not follow commonly used best practices — including not using an appraiser to establish fair market value and not documenting the decision-making process — auditors determined the county would have been able to better defend itself against a court challenge, which eventually cost the county more than $1.5 million to settle.

As a result, the county received millions less than it could have from the sale of the raceway, auditors concluded.

Weston Kenney, Deseret News

FILE – Racers waves to the crowd after completing the Superstock 600 Race at the MotoAmerica Superbike Championship of Utah at Utah Motorsports Campus in Erda on Saturday, June 25, 2016. Tooele County “mishandled” the sale of the multimillion-dollar Utah Motorsports Campus by not following best practices for selling public property, legislative auditors concluded in an audit report released Tuesday.

“We cannot say with certainty the extent to which the county losses can be attributed directly to the mishandled sale of the raceway,” auditors wrote in the report. But …read more


Source:: Deseret News – Top stories

      

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