Sugar Hole rising? Developer scores financing

Sugar Hole rising? Developer scores financing

By Derek P. Jensen
The Salt Lake Tribune

Published Dec 14, 2011 11:16AM MDT

It is a muddy bog now. And it has been pummeled as a punch line — a cautionary tale for commercial builders beaten down by the recession — for four years.
But suddenly, the barren heart of Sugar House hugging the corner of 2100 South and Highland Drive is set to rise.
Mocked as the “Sugar Hole,” the property owned by developer Craig Mecham finally has secured financing for a planned $50 million retail and residential project that could see construction commence by late spring. Wells Fargo has is...

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