Managers of the proposed Zions Bank Financial Center at 200 N. University Ave. in Provo also ran into a few financial slowdowns, though they hope to begin construction within 60 days, said Cameron Gunter, owner/manager for PEG Development.

"Banks are taking a more conservative approach as they look at financing," Gunter said. "Financing's been a bit more difficult, but that's good for all of us. We have to take a step back and make sure it's economically feasible."

The Provo project already has Zions Bank as a tenant and others lined-up, but most will lease after the building is finished, Gunter said.

Despite pre-sales at Midtown, Myler said some customers have backed out, while others are still struggling to get funding from their banks. Some are just "hanging in there, trying to wait it out," he said.

Two businesses, Pizzeria 712 and Equity Title, have moved in and are doing well, Myler said, and Kneaders Bakery will soon have a shop in the southeast corner of the South Tower.

"We are pushing forward, we're not worried about the economy," said Kneaders' owner Matt Peterson. "Kneaders is strong, every single unit is improving over last year."

After the bakery finishes architectural and engineering work and gets a building permit, Peterson is hopeful Midtown can complete the contracted structural build out and business can begin.

Myler recently visited with the Orem City Council to explain the delay.

"We're sympathetic to him and the challenges," said City Manager Jim Reams. "This market has affected a lot of people. We'll just work with him."

---

E-mail: sisraelsen@desnews.com