From Deseret News archives:

Woodland Hills cuts lot prices, fees

Published: Sunday, June 1, 2008 12:15 a.m. MDT
 |  E-MAIL | PRINT | FONT + - 
WOODLAND HILLS — While the economic slowdown stalls development around the nation, this small Utah County community is hoping to stimulate build-out by slashing lot prices and deferring most building fees.

City Councilman Steve Carter said developers will reduce lot prices in Woodland Hills, which is home to about 1,000 people, by up to 40 percent.

A plot of land that is priced at $250,000 could be sold for as little as $150,000.

Carter said the offer is for a limited time only. After 10 lots are sold the prices will return to normal levels.

Carter said the economic slowdown was an influence in the city's decision to stimulate development.

"That has been a major consideration," he said. "For anybody that's trying to sell the lot, the slowdown has been a factor."

On the city's part, Carter said building permit applications will be processed for only $1, with all fees deferred for up to a year, even presenting the chance to fold those fees into mortgages.

Carter said the strategy came by way of the Woodland Hills Financial Committee, which recommended the price slash and fee deferral as a way to ensure the city's future financial health.

Story continues below
"From a city standpoint, we see the future of the city financial will be healthier when all these lots are built out and people are paying property taxes on them," he said.

Carter said people can go to woodlandhillsutah.info to learn more about the building incentives as well as life in Woodland Hills.

Woodland Hills is located eight miles south of Spanish Fork.


E-mail: jdana@desnews.com

Recent comments

Yes, this is a very bad deal. I'm glad you geniuses can see through...

yup, a bad deal | July 10, 2009 at 8:56 p.m.

It's hard to believe that dirt will cost you $150,000.00. Come on...

Such a deal | June 4, 2008 at 1:21 p.m.

What a joke! Wait out this ridiculous "Limited Time Offer" and the...

Not Falling For It | June 1, 2008 at 4:09 a.m.

previousnext

Latest comments

STOP blaming the Democrats, BLAME THE REPUBLICANS FOR 8 YEARS DOING NOTHING...

The best way to break the law is to become someone who enforces the law.

It's a real shame so many folks have never gotten out and gotten to know the...

It's all talk... you do not have any evidence for your claims. You assume...

Maybe if you could bat .408 in the major leagues, you too would be paid a...

I prefer the “Wizard of Earthsea” quartet by Ursula Le Guin, an...

Water wars in Snake Valley

The bottom line question that no one can possibly answer is; what will be the...

It looks to me like special treatment.

Jazz will have a tough week, with what should be a easy win against the...

I am very excited for this game. As much as I want the Utes to win, it won't...

Advertisements
Advertisement