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Show Outlook 1976 The combination of continuing growth in personal income, tax increases, and the impact of a federal tax cut have all served to boost state tax collections thus far, says Pirice Meets Resistance search. State tax collections for fiscal year 1975 were $432 million or 11 percent John Price Associates, Inc. has announced plans to build a shopping center in the Avenues, between I and J and 2nd and 3rd Avenues. At an informal meeting with residents and the city planning and zoning commission, the development company met firm opposition from residents. We think the company should hold their decision to build or tear down anything until the master plan for the stated area is completed, Michael D. Hogben, spokesperson for the Greater Ave- above the prior year. Robson says est- imating tax receipts in Utah is a difficult task. The Utah State Tax Commission has not yet been given the statuatory authority and computer capability to provide a data base and analytical routines required for forecasting modern techniques , for one thing. Secondly, the temporary reduc- nues Community Council. hood. Do we really need another shopping center? he asked, adding that in addition to the Food King shopping center on Fifth Avenue at E Street, the district is served by three or four other shopping centers within a few blocks from South Temple and about ten small stores. We think the developer and the city should explore other alter- natives for use of the site, Hogben explained. Large Investment John Hampshire of John Price Associates said his firm has invested so much in the land that a shopping center or apartment complex are the only alternatives a developer has in order to realize a return tions in federal taxes ges in other federal taxes have a significant but somewhat unpredictable impact upon the yields from various state taxes. Old houses currently occupy the site of a planned shopping center proposed by John Price on the money. Opinion is divided regard-Smit- h potential for regenera- - tlon borhood. his point with the i previously mentioned reductions in federal personal Income taxes which have most e residential neigh Admittedly the Lower Avenues have been decaying for a long time, Hampshire said, but I per- certainly provided Utahs with higher sonally know there is a strong jnterest in restoring the old houses aflo the process of decay is being reversed. Hampshire said he recently moved his family out of the suburbs into a I house in the Avenues. prefer living in this area, he explained, adding, and many other people do, too. Hampshire countered that 2nd and 3rd Avenues are already major traffic arteries, 90-year-o- total personal taxable state incomes, but the level of eventual net Increase in state tax collections is very difficult to estimate in I terms of both size and longevity. ld SLl'.. r Above is a model of the center Price intends to build between nd J Streets and 2nd and 3rd Avenues, and apartments and high-rise- s center is at too high an are being built nearby. The elevation, he added, d Smith Food King shopping on page 4b explain-continue- appliances and lightbulbs and nothing happens? your concern about the source of tomorrows heat and transportation is Research Surges Forward Oil and gas are essentially already used up, Finlayson Tomorrow may hold sur- - said. We can no longer turn prises for most of us, but for to these fuels for a source of Val A. Finlayson, that uncer-Hoenergy. tainty is his bread and butter, Experts in the countrys As Director of Utah Power and scientific institutes and agen- Lights Research andDeve-longe- r cies have determined the lopment and member of the world has between 22 and 27 Electric Power Research Insti- - years of natural gas left. We tute, Finlaysons intellectual have between 30 and 40 years clock is wound far into the of oil left. future. In the advent of depleting and to our natural gas supplies, we Finlayson According other members of the Institute Continued on page 2b well-founde- w , illustrates Robson by Mary McMillan Gaber much longer will gas flow through that pipeline? How much you wondered. will I use natural gas to heat the home and office? In fact, you continued how much longer d gasoline-powereI will drive a car? And when will the time come that I plug in my electric inand chan- come Dwindling Energy Supplies Spark Innovation As you wandered through the hills of Utah, smelling the moist earth and wild flowers you tripped upon an inobtru- sive sign saying, "Mountain Fuel gas line. Staring at it, a question tickled the back of your mind. Rob- son, Director of the Utah Bureau of Economic and Business Re- to Proposed Center Hogben, an educational psychologist at the University of Utah, explained in an interview he thinks the residents should have a right to say what goes on in the neighbor- Thayne d. Future of West Temple Property Hangs in Limbo West Temple Associates and the city Redevelopment Agency Board will meet April 7 to discuss the future of property at the corner of 2nd South and West Temple, West Temple Associates, a Jnt venture of Skaggs Drug Centers, Inc., Howard Clark and George Learning, has indicated it expects to build an office building for Skaggs on the property. But Redevelop-wonderinment Agency officials wonder hw niuch longer they must wait to see construction. The v question now is, can we g, afford to wait possibly another two and a half years before construction begins on the project? explained Mike Chitwood, director of the development Re- Agency. He added the answer to the question lies in the hands of the Agency board (the five city commissioners. The property was sold to West Temple in June, 1970, under the condition the Association would build the proposed office building within five years. Since the original continued on page 4b ' |