From Deseret News archives:

Holladay Village plan wins approval

48-acre center would cater to local businesses

Published: Wednesday, Feb. 8, 2006 9:12 a.m. MST
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About 80 percent of the businesses currently located in the center will stay, City Manager Randy Fitts said.

"We have put some of that money in a program itself to help businesses who will not be moving," he said.

The developers will be in charge of relocating, keeping and adding businesses to the center.

The city purchased the land for $1.6 million and plans to contribute $6 million from its general fund to the project over the next few years. Developer Cowboy Properties, which built the condos at The Gateway, will start construction next year, Webb said.

City officials will discuss plans for affordable housing at Thursday's council meeting. State law requires that 20 percent of the RDA funds must finance affordable housing projects.


E-mail: astowell@desnews.com

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