SALT LAKE CITY (Deseret News) — Looking to stem what they see as a deluge of buildings being torn down in historical neighborhoods in recent years, city leaders have placed a six-month moratorium on demolitions in two east-side neighborhoods.
Tuesday's decision from the Salt Lake City Council bans demolitions and places restrictions on remodels in both the Yalecrest neighborhood and the Westmoreland Place subdivision.
"This is a topic that has been on the lips of all the folks who have been in this area for many years," said Council Chairman JT Martin.
SALT LAKE CITY (Deseret News) — The House approved a bill that will allow the Utah Transit Authority to partner with developers and build retail-office-residential centers on UTA-owned land.
Allowing the centers, called "transit-oriented developments" is just one issue addressed in SB272, sponsored by Sen. Jerry Stevenson, R-Layton.
The bill also allows the UTA general manager to become a chief executive officer.
SALT LAKE CITY (Deseret News) — After a brief legislative run, the bill that would have allowed Snowbird to join Sandy died Tuesday.
The Utah Senate struck the enacting clause of the proposal that would have paved the way for Sandy to annex the resort and instead referred the idea to this summer's interim for further study. The legislation's sponsor, Sen. Curt Bramble, R-Provo, said the bill "is not ready for prime time."
(Deseret News) One Main Street LLC, an investment fund with principal offices in New York City, has announced it has reached a definitive agreement to acquire Liberty Bank Inc. of Salt Lake City.
The transaction is subject to regulatory approval. Financial terms were not disclosed.
SALT LAKE CITY (Deseret News) — A number of west-side residents are hoping city leaders will take a mulligan on a plan to sell a portion of the Rose Park Golf Course.
City officials have deemed the 3.16 acres near the 17th tee area as surplus, but property owners expressed concerns to the City Council on Tuesday about how selling the land might hurt property values and increase traffic in the area.
SALT LAKE CITY (Deseret News) — The public is invited to give input and feedback on the planning and design of the city's new public safety complex.
The second of three public workshops for the $125 million public safety building and emergency operations center will be held at 5 p.m. on Wednesday on the fourth floor of the Main Library.
A third workshop is scheduled for March 31 in the basement of the library.
(Salt Lake Tribune) You could say they have the endurance of a soccer player.
Dogging City Hall for months, a passionate clan of conservationists scolded the Salt Lake City Council and Mayor Ralph Becker this week for the imminent release of a voter-approved $15.3 million bond toward a $40 million sports complex planned in a flood zone alongside the Jordan River near Rose Park.
SALT LAKE CITY (Deseret News) – Between now and 2040, the population of the United States is expected to increase by more than 100 million people. With that growth will come new infrastructure, including homes, nonresidential buildings, roadways and facilities housing power supplies.
The trick is to plan and build efficiently and economically. And that is where the University of Utah comes in.
Salt Lake City - With the disappearance of 100 percent financing, 80/20 mortgage programs and down payment assistance like Nehemiah and Neighborhood Gold, many would-be home buyers have mistakenly given up on the American dream of home ownership.
SALT LAKE CITY (Deseret News) — That road construction project in your town? You may not see shovels digging in any time soon.
A handful of road projects could be delayed to save the state about $100 million. Most of the projects on the list are street widening or bridges to better accommodate traffic near railroads. Most are along the Wasatch Front, including $37.5 million in Utah County.
But members of GOP leadership, which is negotiating with the governor to balance the state's budget, are opposed to any road funding cuts.
SALT LAKE CITY (Deseret News) — A Utah woman who lost title to her house over an unpaid $68 dental bill has been given a reprieve.
The Utah Court of Appeals ruled Capri Ramos is entitled to another opportunity to void the sale of her house at a county auction for $1,550.
The collection agency North American Recovery sued Ramos in 1995 over the dental bill. She did not contest the lawsuit, never realizing the consequences. Her house in the Salt Lake City suburb of Glendale was sold the next year to a group of investors.
(Herald Journal) A proposal by a Salt Lake City developer to construct a new senior center in Cache County is not dead after all — contrary to some rumors that have been circulating in the community.
But the project’s design is currently being reevaluated, a source close to the project confirms.
SALT LAKE CITY (Deseret News) — If somehow you end up at the Regis Hotel, it's safe to say you've made a bad choice or two.
So says Tina Powell, who has lived in the low-income digs on State Street for nearly two years now. But Powell and the two dozen other people who call the Regis home say it is a "stepping stone" with a "legacy" of success stories — and they're asking city leaders not to shut down the place.
(Salt Lake Tribune) If the federal government declares a massive flood zone across the street, what does that mean for Salt Lake City's planned 160-acre sports complex, which also abuts the Jordan River, but has no levee?
Environmentalists are asking that question in light of an engineering report that says the Federal Emergency Management Agency "very likely" will decertify a two-mile stretch of tree-infested levee between Redwood Road and North Temple.
SALT LAKE CITY (Deseret News) — The economic meltdown has hit Utah pretty hard, particularly in the real estate realm. And while the residential market is may be on the verge of a turnaround, the commercial market has yet to hit bottom, according to a local analysts.
Speaking to an audience of real estate professionals Tuesday at the Marriott City Center, Ron Schulthies, executive vice president and chief lending officer for the Bank of Utah, said the commercial sector continues to struggle.
(Deseret News) As the heart of downtown Salt Lake City rushes to its future, David Epperson is clutching hard to its past.
Epperson isn't exactly old. He turned 60 the other day and celebrated by scuba diving in Honduras. He looks closer to 40.
But he reveres stuff that is old, and through fate, happenstance and maybe a little old-fashioned karma, he finds himself sitting, almost literally, on the dividing line between Salt Lake's old and Salt Lake's new.
(Salt Lake Tribune) Utah lawmakers have rejected a call to build and certify "green" schools that are energy efficient and have a clean learning environment.
Rep. Mark Wheatley, D-Murray, proposed the resolution to encourage Utah schools to build or retrofit to the standards of a "silver" certification by the U.S. Green Building Council's Leadership in Energy and Environmental Design [LEED] program. Doing so could save each school up to $100,000 in energy costs every year, he said.
Local real estate professionals gathered Tuesday morning to hear a review and forecast of the commercial market in Utah.
Various real estate professionals addressed the audience during the 2010 Utah Commercial Real Estate Symposium ‘Corralling Fundamentals: The Real Estate Drive for Solutions’ held in the Hilton Ballroom.
SALT LAKE CITY (Deseret News) — Ruth's Chris Steak House will reopen in downtown in late spring.
Ruth's Chris Salt Lake's co-owner and franchisee Mark Robbins said Thursday that a 9,000-square-foot restaurant will be in the former Chase Bank building at 275 S. West Temple. It will create about 75 jobs.
Ruth's Chris had a restaurant at 134 W. Pierpont Ave. beginning in September 2006, but it was later closed. The chain also has a restaurant inside the Hotel Park City.
SALT LAKE CITY (Deseret News) — After Wednesday's announced face-lift to the Ogden Utah Temple, the expected questions regarding the Provo, Salt Lake and Jordan River temples were answered with a resounding "no current plans" by leaders of The Church of Jesus Christ of Latter-day Saints.
Given their mirrored timelines of some four decades and near-identical designs, the Ogden and Provo temples have long been labeled "sister" temples.
SALT LAKE CITY (Deseret News) — As officials prepare to move forward with plans for transforming North Temple into a "grand boulevard," some property owners along the road are upset about potentially footing some of the bill.
A special assessment area, which would run along North Temple from 400 West to 2400 West, would help raise about $17 million to pay for improvements along the street, but the cost could push some property owners out of business.
Big-D, CB Richard Ellis, Riverpark Management and Development and Hines GS Properties were recognized by the Building Owners and Managers Association of Utah for their quality office buildings and excellence in building management during the 2010 TOBY Awards on Feb.
(Park Record) Former real estate broker Governor Gary Herbert told attendees to the CCIM | NAIOP Utah Commercial Real Estate Symposium Tuesday at the downtown Hilton in Salt Lake City that private property rights were the foundation for all commerce that enables a free market system and the existence of capitalism.
Despite his decades of experience in real estate, Herbert said very little specific to the industry and gave a standard stump speech as he works toward re-election in November.
(Park Record) The commercial real estate industry is in the midst of a perfect storm, says Zions Bank vice president of real estate Michael Morris. He expects 2010 to be more of the same, but is optimistic farther out.
The monthly report from the federal Congressional Oversight Panel (COP) charged with overseeing Troubled Asset Relief Program (TARP) spending was released Feb. 11 and makes many of the same arguments but says the "storm" could reverse economic recovery.
SALT LAKE CITY (Deseret News) — Panned by local environmentalists, a plan to build a multimillion-dollar sports complex along the Jordan River must first pass muster with ecologists, Mayor Ralph Becker's administration announced Thursday.
Local real estate professionals gathered Tuesday morning to hear a review and forecast of the commercial market in Utah.
Various real estate professionals addressed the audience during the 2010 Utah Commercial Real Estate Symposium ‘Corralling Fundamentals: The Real Estate Drive for Solutions’ held in the Hilton Ballroom.
SALT LAKE CITY (Deseret News) — Panned by local environmentalists, a plan to build a multimillion dollar sports complex along the Jordan River must first pass muster with ecologists, Mayor Ralph Becker's administration announced Thursday.
(Salt Lake City) It's a brand-new day for the 42-year-old Central City Recreation Center, which has reopened after a major makeover that has the place sparkling like never before.
The $3.4 million renovation at the center, 615 S. 300 East, Salt Lake City, has transformed the well-used structure into a showplace equipped with state-of-the-art fitness room and computer lab as well as remodeled classrooms, administrative offices and locker rooms. It also features a new multi-purpose field and a new playground.
