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Show THE PARK R£CX>RD www.parkrecord.coni B-7 Business. SAT/SUN/MON/RJES, APRIL 2-5, 2005 BUSINESS EDITOR: AimBkwm649-9014ext 110 BriefsTl Tanger Center redirects its traflScforspring • > * • • - . Vp - ^ Cf-NIRH HOUfii: • IInd your favor/ft I;Y OFI'I Mi:rn t/iOTCtfy SritlirrJIIy 11] O I t*u>lfcry 1 I 1 Midway's Invited Inn r receives AAA Four .Diamond rank Cu-Jom,/ Uifonimlioii Lfcu); et-or-'-k WJH1 ta\g<r M;nwgo<iusi1 Oinco: -l»:..C-10 7O/B Vi'.n OUJ wodyifl nl innfjirDulW com VThe Invited Inn of Midway has received the coveted and prestigious Four Diamond Award from AAA in the year 2005. "Our desire is to spoil our guests rotten," said co-owner Susi Stem. "I guess when you treat people well, it comes back to you." .• -Susi and Bill Stern are the proprietors of the Invited Inn, located in Heber Valley. Susi Stern worked for Knott's Berry Farm, Disneyland and " Lowry's Corporation in their five-star • restaurant in Corona Del Mar, Calif:, while Bill Stern has the skills for running the office and finances. The Inn has five themed bedrooms with private baths. All have fireplaces, steam showers, towel warmers, featherbeds, down comforters and pillows - and four of the five bedrooms have private balconies, private saunas and double whirlpool tubs. : The Invited Inn is located at 1045 North Homestead Drive and on the 2nd tee of the Homestead Golf Course. •-.'.. : PETCO Foundation to aid Summit County Friends of Animals According to Park City's PETCO at Redstone, PETCO Animals Supplies, Inc. gave generously to the PETCO Foundation's 2004 "Tree of Hope" instore fundraiser. This year's effort raised $2,467,307 for grassroots animal welfare organizations in PETCO store communities including Friends of Animals. _ ..• " , The Fundraiser, which ran from Nov. 21 through Dec. 24, encouraged pet lovers to donate" $1, $5,- $10. or $20 to-%nirnal welfare causes. Each donor received a cardstock ornament to be signed and displayed in PETCO or taken home as a reminder of their generosity. $1,700 was raised in local efforts for Friends of Animals. ,.; The Park City PETCO selected Summit County's Friends of Animals ; to be the recipient of money raised at their location. A portion of the funds will also go into a regional pool to be used by other animal welfare groups in the area throughout the year. The money is used for adoption programs, spay/neuter campaigns and other animal health related causes. Local proceeds from "Tree of Hope" will be used by Friends of Animals to help fund operations at their adoption center, Furburbia, located at the Tanger Outlet Center. Friends of Animals recently received an additional $500 from PETCO Foundation and will be a recipient of funds from the current fundraiser, "Spring a Pet" that runs through April 17,2005. :V :;.; - v i . I • For more information on PETCO and PETCO Foundation, visit their website at www.PETCO.com. For more information on Summit County's Friends of Animals, visit Furburbia or www.friendsorfanimals.net. CLOTHNO •MO. 1C»3 ftJtt4*OI (>'•« 1 lltU l*lm> (taur* l<u(cl M&-ISI/0 rtio? WV Al/S SHOEB " " " » Ban ' Lifcfe Utufl Oul«t Foclnj Blind Siwo h!-a (rtM'j i»wa»y)y?c 1*40 1CCS U4-2777 WJ-07W » • cc- » 1 01 1 00 G 1i A- « A 10 H- 07 U U (artr-ry Blue 1-140 H 100 llHtVi * J ^ , •^fjld , K 160 Wft fttfl 6M-.' IK &*<> 0*09 # PW7l Iju n , 9 ZSMl fiSP IKrO H I " n iec; % I 1-0 1 ii l\ 0 1 K Mi 1. 1 0 r. 01 FOOP • HifT, f • M i l lifi-W Fiakjiy CJSJ WBOALTY flTOHGO X . 7? ••n i u f.Jl ?fcSl M ^ O.'li (•it* rooo 1^'. 13// 1^3 1BK1 OH 121K COURTESY PARK CITY TANGER OUTLET CENTER A new brochure shows Tanger Outlet Center's plan to redirect traffic. Sign and re-striping are slated for completion in May. A one-way plan to alleviate Landmark Drive congestion By ANNA BLOOM Of the Record staff This May, shoppers who frequent the Tanger Outlet Center by car may notice a change in the traffic. According to Tanger Outlet Center General Manager Amy Norgale, the most obvious change will be that the two-lane road within the center will move counterclockwise one-way, allowing those who want to peruse stores the freedom to cruise the right lane, and letting those who know where they're going to gel to their destination more efficiently in the left. The end result of the one-way system will hopefully alleviate the congestion on Landmark Drive. ""We're trying to be proactive to make shopping more pleasurable," Norgale explains. "There haven't been any accidents yet, it's simply a positive change to make shopping easier and more efficient." Norgale reports the plan to do something about traffic at the center has been on Tangers agenda for some time. Last August, she and Summit County Engineer Derrick Radke, along with others, took the lime to stand at points in the center to observe traffic. "What we found out was people were stopping many times at Ihe entrance and backing up Landmark." says Norgate. "It's unpleasant and it's a safety concern." There are two parts to Tanger, notes Norgate. and one of the things that shoppers will need to get accustomed to with Ihe May changes is making a right-hand turn only to exit the upper part of the center at the Banana Republic. 'Hie second Landmark Drive entrance to Tanger at Mikasa, the china and glassware store, and Osh-Kosh, will remain open, says Norgate, but Ihe wedge of parking lot between the stores and the larger entrance will be blocked off. All inner-center parking, however, will stay the same, to allow customers the ability to traverse. "Parking at the center will remain straight-we won't angle it. The lanes [between the parking] will remain twoway, so people can use the parking lots to navigate," adds Norgate. Tanger shoppers can also look forward to other additions. There is a lot of demand for space at the outlet center from national chain stores, says Norgale, and Tanger at Kimball will be welcoming several new stores and re-models this year. "Calvin Klien just opened, and Levi's will be remodeling in the next several inonlhs," says Norgate. "Adidas will be opening in time for June or July and the Nordic Track store will be moving [to another location within the center] to make room for an unannounced national retail store for women's apparel." The addition of the Redstone Village lias benefited Tanger. says Norgate, who observes many Tanger employees venture across S.R. 224 to grab lunch. "We're excited about Redstone and we've forged a lot of relationships with them." she says, 'it's a wonderful complimentary to our center. It gives people a reason to stay longer at the Junction." Norgate says the change in the traffic patterns will entail a minimal amount of re-striping, blockading and signage. According to Norgate, at most, the changes will lake three evenings of work, and will not interfere with regular center hours. New cancer drugs cost a lot for modest gains SAN FRANCISCO (AP) In the two lion in 2003, according to the Center for weeks since Oenentech's expensive new Medicare and Medicaid Services. drug Avaslin was found to help the iickest Pricey new cancer drugs siich as Avastin -lung cancer-patients "live a few months that help patients stay alive a few months ' longer than expected, investors »havc more as well as dozens of other biotechnolpumped nearly $17 billion into the company. ogy drugs are more expensive to produce But what's good for the patients, the than traditional drugs because they are company and its investors is also heavily made from living cells, a new and radical stressing the ailing U.S. health care system, departure from decades of manufacturing raising uncomfortable questions about the and regulatory practices that relied on wellknown chemicals. cost of end-of-life care. "We are spending huge sums of money Some of the most costly drugs, like on treatments that are offering only modest Avastin, are called "targeted therapies," benefits," says Dr. Richard Deyo. a because they attack cancerous cells while University of Washington professor who leaving healthy ones alone. recently wrote a book on Ihe subject. The hope was that they would eliminate 'Hie average annual premium for chemotherapy. But that hasn't happened. employer-sponsored family coverage will be Ail are still given to cancer patients in com$14,565 in 2006, more than double what il bination with standard chemotherapy. was in 2001. forecasts the National Coalition Dozens of such biotechnology-created on Health Care, a Washington D.C.-based cancer drugs arc in advanced stages of develalliance of business, labor, religious and civic opment and Avaslin, priced at $4,400 a groups. month to treat colon cancer, is not nearly the The ranks of the uninsured arc rising as most expensive. Erbitux, the drug at Ihe cenwell, and lawmakers are looking for cuts to ter of the ImClone Systems Inc. slock scandal that sent Martha Stewart to prison, costs bring Medicare spending under control. Much of the blame is being laid on pre- each patient $17,000 a month. scription drug costs, which have spiraled "Avaslin and Erbitux and all the target from $12 billion annually in 1980 to $179 bil- therapies have initially disappointed," said STOCK LAST A1BEHTSONS IABS) ALTCRISfATRS) AMERSK] (AFSK) [iSDMLU IBSDM) CLEAROIF (CLRO> COM rHEHf.4AL (OO) DELTAA1R |DAL) DYmiROf^C-S (OVND WHfTING PETRO |WLL) EVA^^ss^^ IESCQ rXENLRGY (FXEN) 20.65 23.05 .3100 2/13 3.1? 1300 4.05 17ft 40.78 5.50 11.44 CHANGE +.12 -.80 +.00 -.10 -.14 + 1.22 .09 + .76" "Avastin is pricey, but for me well worth it." Lewis said. "For someone who does nol have good insurance ... I do not know how they would manage." Avastin. which is designed lo choke the blood supply thai feeds tumors, was the first drug of its kind lo be approved by the Food and Drug Administration last year, after Gcncnlcch Inc. showed it extends the life of the sickest colon cancer patients by an average of about five months, with chemotherapy Avastin should soon surpass $2 billion in annual sales, and that helped push Genentech stock up 30 percent in the last two weeks. Nearly 100.000 people arc diagnosed each year with the kind of lung cancer that Avastin could potentially treat, at a cost of $S,800 a month per patient. That would be in addition lo the $555 million Avastin made last year alone treating colon cancer. And even without more government approvals, doctors are free to administer the drug for any cancer patient in the hope that Avastin just might help. After all, while Avastin has been shown to have little or no effect on some patients, for others it appears lo have extended their lives significantly. Data for companies of interest to Utah investors, April 2, 2005 PERFORMANCE NAME Dr. Leonard Saltz, a leading cancer researcher at Memorial-Sloan Kellering in New York who works with Avaslin and Erbitux. "We hoped they would replace chemotherapy, but they haven't." Genentech and other industry supporters argue that when it comes to cancer, success is measured in the smallest of increments, and that the high cost of developing new treatments - about $850 million per drug on average - warrant the high price lags. For the palienls whose health insurance plans pay these astronomical costs, the drugs can seem heaven-sent. "The longer we can go increases the chances that more drugs will become available." said colon cancer patient Richard Lewis. Lewis is 45, a father of four and a high school counselor in Colstrip, Mont., 120 miles south of Billings. In August, doctors found that lus colon cancer had spread to his lungs'. He's not expected to live much pasl 47. Still, the tumors in his lungs haven't grown much since his diagnosis and he senses that he may yet live a little longer than expected. He credits Avastin, which is covered by insurance. The Utah Slock Report is provided by Derrell Reeves of Paulson Investment Co., Park Ciry, Utah NAME LAST ?.3O FRANKCOV (T-Q 32.82 HTAOWATFRS (110WR HiJt-JTSf,1AN CORFJ^HU^/|?3.32 INTLAUTSYS<IAUS) .030 1NTRAWEST dDffi 13.13 IOMED (IOX) 213 IOHFlHA((OM) 4.29 I^JIGHITRANS[>a}G] ?4.6^ KROGER (KR) 1C.03 WMBERaK(KME(l 65-/3 MERITMD (MMSH 11 99 CHANGE NAME *-.o? +.53 +.57 -.050 +.11 -.05 + .14 +.05 +.09 -.0/ .03 MITYLfTE (MITY) UYRIADG [UYCIJ) (•WTHSUN (NA1 Rl hJOVR 1 (MOV1) NPSPHARMA (NPSP) rflJSKJNlhJIJR) MUTRACOJT(MJTR) 1-000COH1 (CrAC) OVERSTK (OSTK) P.C. GROUP (PKCYl QCCW-1M INT (OMW LAST CHANGE 15.00 18-39 11.1 7 5.96 12-G2 22.51 15.86 20.87 42.99 .0400 4.90 +.25 -.80 -.20 +.14. +.35 -.44 .03 +.44 -.30 -.56 NAME LAST 59.25 3.63 31.20 3.28 10.59 14.24 ,600 47.30 2?.00 25.25 fi-09 QUESTAR (STR) SCOGROUPISCOX) SCOTT PWR (SPH SEUTOCP (SNTO) SKYWEST tSKYW) SOWSTAIR (UJV) TENR3LD (TENF) USAf^AJ-lU (LSf-lAt UTAHMED (UTMD) VAILASSO (MTMl WElDEnMin"R (WN1> CHANGE NAME 1.60 .03 .02 .06 -29 .16 .010 .65 .20 03 .20 WELLSFAR (WFC) LAST • CHANGE 59.80 +.10 z r \ o izvxi) 4.00 ZIONS8KCP (ZIOt-J) 69.02 ,.• : -.,-.-.•,-.-•: •-••,«"••»"•-! • +.os +.36 •:-»-{-»- "TIE'S DOW JONES'AVERAGES'^ 30 INDUS 10503.7 -37.17 30 TRANB* 9711Q7 -9tt Vi 358.33 +3.36 15UTILS •••• THDB WEEK IN REAL ESEOE DISCOVER the adventure of a lifetime k.1 - Fun environment No traffic jams Friendly atmosphere World-class recreation Fully-accredited classes Several degrees available Come visit our scenic campus and meet the faculty. IF YOUVE GOT IT, FLAUNT IT! RIGHT AT HOME DESIGNS, INC. g/o«r&iM <% BY MICHAEL LAPAY More and more people are shortening their daily office commute from several miles to afewsteps. In addition to the millions of self-employed people working from home, almost 25% of the largest U.S. companies 'rely on telecommuting employees. A home office offers valuable tax and expense deductions, too, making it a major selling point when listing your property. It adds extra appeal to a relocation sale, especially among two-income families. If your home has an office, advertise it! If not, but you have a room or area that could be adapted into a home office, tell your real estate agent to highlight that, too. © MICHAEL LAPAY FURNITURE • ANTIQUES • ACCESSORIES • GIFTS MCHLB 435.64O.57OO OFFICE: 435.655.8600 580 MAIN STREET, PARK CITY VIRTUAL TOURS: WW\V.PURELTAH.COM E-MAIL: MLAPAY^PUREUTAII.COM Prudential Utah Real Estate -^•'•i-.; • ••-.J•-•"•;""•-'•; / RESALE 1 7 4 5 Bonauza Drive . . 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