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Show The National Enterprise, May 4. 1977 Page three Provo hears project cost estimate Robert L. Schwarz, president of Hotel Development Corp., has estimated the cost of building a hotelapartment retailoffice complex in downtown Provo at $19.3 million, he is presenting this package to potential investors, and a first Schwarz to identify the ultimate financier by and has targeted the annual gross operating profit of the hotel at $1.7 million by the fifth year. Madsen said the ownership group would finance the entire project, choosing other groups to manage the various sectors of the complex. Although Schwarz indicated a preference for building the entire complex at one time, he said the hotel could be built as Schwarz projected during its first year of operation the hotel would maintain a 64 percent occupancy rate at an average room charge of $28, to Ron Madsen, director of Provo redevelop- According ment agency, the project was reviewed by the city commission last week, as Schwarz outlined specific costs and income potential. Schwarz 224-roo- estimated the hotel would 11-stor- y, m It would cost $5.6 million. include a convention area, meeting rooms, two restaurants, pool and tennis facilities, an ice cream parlor and retail space. phase of a multiconstruction phase plan. Madsen said he expects mid-Jun- e. Every Day an Adventure in Love ant. Prowswood s Commercial Development Division de- signed the center and is acting as leasing agent. $1.7 million. we'll answer your phone free THE NATIONAL HEnterprise for one month when you sign a six month contract at our low, unlimited calls, monthly rate. Subscriptions $24.00 per year 50 Cents Per Copy The National Enterprise is published weekly by the National Enterprise Publishing Company, Inc., 500 Continental Bank Bldg., P.O. Box 11778, Pioneer Station, Salt Lake City, Utah 84147. (801) 533-05- ...and a lot more TonySaracino ARMS REALTY 56 Second Class Postage Paid in Salt Lake City, Utah Publisher handball and tennis courts, would cost $5.7 million, Schwarz said, and 23,000 square feet of office space would cost $554,000. He estimated another $2.1 million would cover costs of parking spaces, landscaping and interim financing. Prowswood, Inc., in partnership with Dan S. Gardiner, Jr. of Dan's Foods, has started construction on a $3.8 million shopping center. The center will occupy eight acres at 8600 South 13th East, and Dan's Foods will be the major ten- bringing in gross operating profits of about $1.2 million. For the fifth year he projected a 75 percent occupancy rate, an average room charge of $35 and gross operating profits of R. GEORGE GREGERSEN The apartment buildings, including 106 units, a pool and Shopping center planned ALENEE. BENTLEY Editor i mary mcmillan gaber Managing Editor is available from us. Complete secretarial service, dictation, transcritpion. TWXTelex to any where in the world. Mailbox and service, postal pick-up- s delivery. was born and raised Price, Utah -- the son of a disabled coal miner. I went to work in acoal mine at an early age to support my brothers, Unquestionably the last word in personal service. sisters and parents. vowed my children would never support me and began a race for the I in I DEANALSUP Staff Writers TOM HORTON R. PASSEY PETER HARRISON Production Manager Creative Director KRISTOPHER Opinions expressed by columnists herein are not necessarily the opinion or policy of the National Enterprise. PLAZA PHONE Send all submissions to P.O. Box 11778, Salt Lake Gty, Utah 84147. 521-760-6 V Schwarz told the commission almighty dollar. Later I moved to Salt Lake and, in time, established real estate and sales offices along the Wasatch Front in my quest for financial success. Melt an absolute void in my life and tried to fill it by establishing new financial goals. My son and my new wife started attending bible classes and informed me that God was doing miracles. I attended their bible class out of fear that they were being misled. That evening I participated in a prayer in which I asked Jesus Christ into my heart and life. Praise the Lord! Hundreds of Utah companies, professional firms and institutions have made the move to lower cost BCS supplied phone systems. They are now enjoying the advantages of better service, more equipment features, greater flexibility for growth and high reliability. Today, whether your business is medicine, automotive repair, engineering, manufacturing, real estate, insurance, finance, or just about anything else, there is a BCS system for you. One that will assure you substantial savings over Bell systems. Wed be very pleased to provide you with details. Business Communications Systems itt Utah's largest private telephone equipment company - " . ' .v if ' 487-474!.' s?' tfGSS 1 Needless to say, he came into my heart and life. Since that time, every day has been a new adventure. Ive seen miracles! Ive seen people healed! lean witness to this because the Lord healed me. Since that time have become active in a transdenomi national I organization of Christian business men. You, too, can have a new life in Jesus Christ. Please accept my invitation to attend a fellowship luncheon held each Thursday at 12:00 noon at the Chuck-a-Ram- a Sierra Room, 744 East 4th South. Call me for additional information. My number is 487-166-6. |