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  • LAYTON -- A road once dotted with fruit stands is now marked by construction and development.
  • (The Enterprise) The Villas at Harmony Place, a 145-home development in Layton, is awaiting approval from the Layton City Council. The 44-acre housing development will be located at 475 South and 220 West. The property is owned by Perry Homes, The Adams Co. and Bob Stevenson, former city councilman. Plans to construct an LDS Church on 3.5 acres were approved earlier by the Layton City Council. Construction could begin as early as this fall with 62 of the 145 planned homes. The homes will range in size from 2,600 to 3,600 square feet and start around $200,000.

  • (The Enterprise) FlSmidth will be the first tenant in Midvale’s 90-acre View72 Corporate Center, Utah’s largest Class A office park. The Danish equipment supplier will occupy a three-story, 120,000-square-foot office building and 55,000-square-foot laboratory once it is completed next summer. The building will be LEED certified and will be built on approximately 10 acres at 7200 South along the Jordan River. The company will move its 400 employees into the building once it is completed.
    Gardner Co.
  • ELK RIDGE (Deseret News) — Property taxes are going up in this hillside community, but just 12 people showed up at Tuesday's Elk Ridge City Council meeting to discuss it.

    The new tax rate approved by the City Council will add an average of $40 a year to residents' property-tax burdens and generate an additional $26,000 a year for the city.

    With the tax increase, retroactive to July 1, the city will collect about $260,000 from property taxes.

    The property-tax increase passed by a 3-2 vote, with councilmen Sean Roylance and Derrick Johnson dissenting.

  • (Salt Lake Tribune) If your family needs a home, there probably hasn't been a better time in the past five years to make a move, according to one of the state's most prominent economists.

    Though others caution that the deteriorating housing market might not have reached bottom, low mortgage rates and a rollback in home prices to near-2004 levels provide ample incentives, said Wells Fargo & Co. economist Kelly Matthews.

  • Utah's America First Credit Union, in a deal arranged by federal regulators, has taken over the assets and most of the liabilities of Las Vegas-based Community One Federal Credit Union.

    Original Article

  • South Salt Lake » City Council chambers in this industrial burg hosted "political theater" Wednesday night as city leaders agreed to sell a park near the Jordan River Parkway.

    Original Article

  • CEDAR CITY - The Iron County Board of Realtors donated $10,000 to the Iron County Care and Share Wednesday to help with construction of new facilities for the nonprofit organization.

  • Actual job losses in Utah since the credit crisis began last fall are far greater than official estimates, bolstering a view that Utah is enduring the worst recession since the state began keeping records.

    Original Article

  • (The Daily Herald) Orem High's local rivals have one year to come up with a new heckle for the school's big games. The current mantra -- "You're still ghetto" -- will no longer fly when the rebuilt, state-of-the-art home of the Tigers debuts in August 2010.

    Residents may not be able to picture what the new school will look like, as construction is only passing the half-way mark, but Joel Perkins, vice principal in charge of construction, says it is going to be a great facility.

  • AMERICAN FORK (The Daily Herald) -- A school board vote Tuesday evening decided the fate of a business park in north Lehi.

    Alpine School District board members unanimously approved a 15-percent tax incentive, $2.63 million, for a Thanksgiving Park economic development authority (EDA). ASD assistant superintendent over facilities Rob Smith said the district had the greatest potential to gain revenue from the project in property taxes.

  • (The Park Record) Some South Summit residents do not see anything attractive about a proposal to build 85 houses on 230 acres on Democrat Alley west of Kamas.

    "It's such a big project and every time we've had a public hearing we get lots of public comment," Summit County planner Jennifer Strader said of what is being called Indian Hollow. "It's 85 lots, which they haven't seen before in eastern Summit County."

    Citizens say the subdivision would detract from the agriculture lifestyle of the Kamas Valley, which is about 15 miles east of Park City.

  • (The Park Record) While real estate experts insist the bottom of the market is near, if not already past, the mid-year report from the Park City Board of Realtors shows sales were off through the first six months of 2009.

    The Report

    The board reported Friday that total real estate transactions in the greater Park City area, which includes Summit and Wasatch counties, totaled $317 million in the first six months of 2009, down about 50 percent in total sales compared to the same period in 2008.

  • SYRACUSE (Deseret News) — Agreeing with the 100 percent opposition that surfaced during a public hearing, the Syracuse City Council voted down a proposed 20 percent property-tax increase Tuesday night.

    The tax increase was designed to put $304,660 into the city's reserves, which currently only carry the state-mandated minimum balance of 5 percent of the city's general fund, or $290,000, said Syracuse finance director, LaMar Holt.

    The average home in Syracuse valued at $258,000 will be charged $228.88 per year instead of $274.71 per year with a tax increase.

  • 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.

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