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  • SUNSET (Deseret News) — The Sunset city budget has $44,000 more now, following a tax increase approved Tuesday evening.

    The City Council approved the measure 4-1, with Councilwoman Cheryl Budge casting the dissenting vote.

    Councilman Ricky Carlson told residents it was a hard decision to even propose a tax increase in a slumping economy.

  • (Salt Lake Tribune) Shares of Zions Bancorp, the Utah-based lender that operates in 10 Western states, fell 8 percent Tuesday after the bank said its income probably will not cover interest and dividend payments for 2009, and will have to dip into cash reserves to do so.

    Zions fell the most of any company in the KBW Bank Index on a day financial stocks were lower on pessimistic outlooks for financial institutions from some analysts. Zions helped lead a 4.4 percent drop in the 24-member KBW index, though it has substantially outperformed the index in recent months.

  • Riverton -- Some were thankful, others resigned to the inevitable. But few of the 500 patrons at Tuesday's Jordan Board of Education meeting were surprised by the board's unanimous decision to raise property taxes 20 percent.

    Original Article

  • Citigroup Inc. said Tuesday it approved $6 billion in new lending initiatives during the second quarter as part of its programs supported by government bailout funds.

    Original Article

  • (Utah Pulse) Grant S. Whitaker takes a long view of affordable housing in Utah. As an employee of the Utah Housing Corporation (UHC) for the past 30 years, Whitaker, now president and chief executive officer of the state's housing finance agency (HFA), has seen many changes in the economy. And though he admits that the recent economic downturn is worse than the ones he has seen in the past, Whitaker is optimistic that the Low-Income Housing Tax Credit (LIHTC) program will survive.

  • Flagstaff, Ariz. (Salt Lake Tribune) » A Grand Canyon housing area for members of an American Indian tribe displaced by the national park is in desperate need of repair.

    The five 300-square-foot cabins at Supai Camp have no plumbing or insulation, the floors are cracked, windows are broken and the electric work dates to the 1930s when the cabins were built. The National Park Service considers them unsafe, unhealthy and substandard.

  • Draper (Salt Lake Tribune) » It's either a taxpayer rip-off and a "sweetheart deal" for a developer --- or the best thing "since sliced bread" for the public and Salt Lake County open space.

    Despite a unanimous recommendation by the county's open space advisory committee that it not do so, the Salt Lake County Council on July 21 voted 7-2 to give Draper City $2.75 million to buy 141 acres from the South Mountain development firm as open space.

    The land sits on historic landslides, raising the question of whether it could ever be developed.

  • (Deseret News) That Double-Double is just a few months away, close enough you can almost taste it.

    And as the months progress, it will take progressively shorter drives to reach what could the be most anticipated restaurant to come to northern Utah.

    Add Centerville to the list of cities where residents may order from one of the simplest menus in the restaurant business: hamburger, cheeseburger, Double-Double, fries, drink, shake.

  • (Salt Lake Tribune) L.S. "Sam" Skaggs really wanted to study chemistry and be a pharmacist, but war, the family business and his own entrepreneurial instincts led him in another direction. But that didn't keep him from making mighty contributions to the development of new drugs.

    While building a retail food-and-drug empire from his Salt Lake City headquarters that came to be known as American Stores, Skaggs quietly funneled tens of millions of dollars to pharmaceutical research and education, gifts that helped build the University of Utah's pharmacy programs.

  • West Jordan (Salt Lake Tribune) » After some soul-searching, the Jordan School District Board of Education on Monday came to consensus on a new budget - one that doesn't raise taxes by 40 percent.

    Taxes are still going up. The board is leaning toward a more moderate, 20 percent tax increase.

    In order to plug a $33 million budget shortfall, the board also is looking at carving $21 million from the district's rainy day fund.

  • A second wave of home foreclosures is sweeping across St. George, among the fastest-growing U.S. metropolitan regions, with...
  • Utah's Advanta Bank Corp., under pressure from federal regulators, is winding down its business. The Draper-based industrial bank provides credit cards for small-business owners.

    Original Article

  • By Ken Holman

  • OGDEN - Rusty Westerfield didn't have to look far to find new digs close to his recently opened Wing Nutz restaurant at The Junction development downtown. He quickly settled on a unit in the $14 million Liberty Junction Apartments, literally steps away from his business at 2353 Junction Way.

  • PROVO (Deseret News) — A year after approving a more than 600-acre development that could become a new town, the Utah County Commission has stalled on approving a special-service district to fund sewer, roads and fire protection for the area.

    Commissioners said they had unresolved issues with Cole Cannon's West Mountain project, but they didn't say what those were and they didn't set a date to revisit the issue.

    Commissioner Gary Anderson said he had issues with both the development and the service district.

  • HOLLADAY (Deseret News) — A redevelopment project under way for years is finally taking shape in this east-side municipality.

    The tangled intersection at Murray-Holladay Road, 2300 East and Holladay Boulevard has been destroyed. Dozens of workers are replacing the five-way stop with two four-way traffic lights and a walking plaza that city manager Randy Fitts said will be a gathering place for the whole community.

  • University of Utah College of Pharmacy officials will break ground on a $69 million research facility. The L.S. Skaggs Pharmacy Institute building will be the new home for the college.

    Original Article

  • ST. GEORGE - In January 2010, students from Hurricane Elementary will leave their building and make the move to a brand new elementary school.

  • Saddled with debt and mired in lawsuits, a property trust once controlled by a controversial polygamous sect increasingly looks like a boondoggle. After four years, the state is more entangled than ever with the United Effort Plan Trust and there is no concrete proposal to end -- or pay for --

    Original Article

  • (South Valley Journal) Herriman residents are one step closer to having a new county library to replace the 3,000-square-foot one they’ve long outgrown. A ground breaking ceremony for the library, which will be located at 5440 West Main Street, was held July 1.

  • (Draper Journal) Draper City will receive 109 acres of open space and South Mountain LLC will receive $2.75 million in Salt Lake County open space funds plus 7.5 acres of city-owned property, according to a recent settlement agreement.

    The action settles a lawsuit filed against the city in 2005 in which South Mountain LLC complained that city officials weren’t allowing them to exercise development rights given to the company in a 1999 agreement.

  • (Draper Journal) After years of debate, delay and changes of plans, final construction has begun on the Draper amphitheater on South Mountain. The Draper City Council recently approved an $888,000 construction contract for the amphitheater building with Interwest Construction.

    Of the $1.2 million allocated for the project, $125,000 already has been spent on design, leaving almost $200,000 for landscaping and a park adjacent to the amphitheater. Councilmembers plan to use money received from selling surplus city property in encroachment cases to add to the park’s budget.

  • MAPLETON (Deseret News) — How much risk is too much risk?

    That was the thorny question discussed for several hours Wednesday as the Mapleton City Council listened to arguments why it should work with Spanish Fork to modify city boundaries and bring the infamous Ensign-Bickford land into the city.

    For more than six decades, various companies — including Trojan Corp. and Ensign-Bickford — manufactured explosives there until officials discovered contaminated water wells in Mapleton, a few miles north of the site.

  • (Salt Lake Tribune) The rate of homeownership is forecast to keep tumbling in the next decade to lows not seen since the 1980s, a trend that could redefine a key element of the American dream even after the housing market recovers.

    The percentage of households that own homes hit a peak of almost 70% in 2004 and 2005. By the second quarter of this year, that slipped to 67.4%, according to the Census Bureau. Now, a University of Utah analysis projects it'll drop to about 63.5% by 2020 -- the lowest since 1985.

  • Sunset (Salt Lake Tribune) » Trims to the 2009-2010 budget have not compensated for a drop in sales tax revenue, and the City Council here will consider a property tax increase next Tuesday to supply the $44,000 still needed.

    The roughly 26 percent increase to property tax is the equivalent of $24 more on a $131,000 home. That money would balance the budget where cuts could not, according to Sunset Recorder Susan Hale. This year's budget is roughly $2.2 million, about $110,000 less than last year's fund.

  • (The Herald Journal) Logan landlords may soon have to pony up $50 annually for a city license and open up their properties to inspection.

    The proposed licensing is aimed at making the city’s rental units safer, said James Geier, Logan’s neighborhood improvement coordinator.

    There are about 5,500 rental units and 2,200 landlords in the city, excluding on-campus housing, Geier said. The license fee would be levied per landlord, not per unit.

  • PROVO (Deseret News) — New zoning is in the works that is destined to change the look of the downtown business district.

    "In the central area, all the (land-use) rules are the same," said Provo community development director Gary McGinn during a City Council study meeting Tuesday.

    But that could change in the future.

    "There's a whole lot of things going on," McGinn said.

  • (Deseret News) The owners of Baskin-Robbins, Dunkin Brands of Canton, Mass., are seeking franchisee candidates for 25 new stores planned around Salt Lake City.

    Interested people can attend a seminar in Salt Lake City from from 10 a.m. to noon Thursday to learn about new store designs, marketing, training, site selection and franchising in general. To register for the event, please contact Scott Mellon at 254-640-5861 or scott.mellon@dunkinbrands.com.

  • DRAPER (Deseret News) — When Ryan Christensen was in the U.S. Navy, he saw thousands of Indonesians living in homes made of cardboard and tin. When he got home he decided to do something about it.

  • Mapleton (Salt Lake Tribune) » In a sometimes emotionally charged meeting, state environmental officials say the former Ensign-Bickford site could be clean enough to build houses on.

    But the prospect of having tons of explosives-contaminated soil entombed on the site is prompting Mayor Laurel Brady and residents to urge a developer to proceed cautiously with plans to build on the site, or even to bring it within the city's borders.

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