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Show Enterprise Review , May 26, 1976 for Wild Rumors About Clark Gets Ultimatum on West Temple Development Storing Gasoline Howard Clark has six months to produce final plans for property held by West Temple Associates at the corner of 2nd South and West byD. Van de Graajf An .American Petroleum Institute study estimates storage Temple. for Salt Lake' City Board of Recapacity petroleum products in the United States has increased by 300 million barrels since the Arab embargo. development voted last week Presumably, this is desirable as protection or deterrent against to extend West Temple Asso- future embargoes. Three hundred million barrels sounds like a lot of petroleum, and it is, except that it represents only about a y national There is a further supply. problem: if there were another those with embargo, storage capacity (large consumers) would be less than eager to share with the general public. We can only imagine what complaints would arise if, in the face of a shortage, General Bullmoose had all the oil he could use while John Q.' Public had to get along without. there were charges that During the embargo of gasoline was being stored in closed service stations, that tankers loaded with oil were laying off the coast waiting for prices to rise and that rfineries were bursting with stored product. At that time, this writer had experiences that, in retrospect, appear humorous. One reporter had. spent several hours during the middle of a winter night parked alongside the road near a refinery counting the trucks that were loading up under the cover of darkness. When he called for a response to his soon to be published exposd he was genuinely disappointed to learn that the refineries are, and always have been, operating 24 hours-a-da7 20-da- 73-7- 4, y, days-a-wee- k. Another had taken the license number of a delivery truck he saw parked with its hose in the tanks of a recently closed service station. We went to the station and tested the tanks to prove they were empty. Only then would he believe the trucks visit was for the purpose of removing any remaining gasoline in the closed station and not to hide gasoline from the consumer. The hiding of gasoline in closed stations becomes more discreditable if you look closer at the facts. A typical service station can store around 25,000 gallons of gasoline. Refineries, in this area, refine around 140,000 barrels per day. Simple mathematics will tell how many stations would need to be filled to hold just one days processing. Yet another reporter, along with a state employee, rented an airplane to fly over the refineries. They had heard that storage tanks have floating tops, therefore, they reasoned they could see from air if the tanks were full or empty. Many tanks do have floating tops. Most often, however, floating tops are inside the exterior structure, or shell of the tank. You cant tell much either way from the air, though I presume they enjoyed their airplane ride. The economics of an oil company storing large amounts of fuel just doesnt work out. It costs much more to store fuel than can be expected to be recovered from any price increase past,, present, or future. If, as it now seems, the storing of fuel by consumers or gbvemment is in the national interest as a hedge against shortages, it should be considered as a cost of security and not suspected as a maneuver to limit supply. Home storage of gasoline is extremely A final note: n can of dangerous and should be discouraged. A gasoline has the explosive power of several sticks of dynamite and most often storage is in violation of local laws. five-gallo- ciates construction deadline to May, 1977, with a deadline to present final plans and letters of interest from lending institutions to the Board. West Temple Associates, a joint venture of Skaggs Drug Centers, Inc., Howard Clark and George Learning, bought the comer lot in June 1970, under contract with the city Redevelopment Agency. At that time the partnership agreed to begin construction of an office building within five years. A month ago the Redevelopment Board voted to void the contract between itself, and West Temple and to find a new developer for the prop- erty. . But at last weeks meeting, Agency attorney William D. Oswald told Board members West Temple was still the best Utah Coal Firm Reaps $10. 7 Million on Sale developer for the property. By giving the contract to West Temple we would avoid the cost of a legal suit and the cost of transferring deeds, and we could solve the legal right of way problem. Also, since Howard Clark owns Arrow Press Square (next to the lot), he can blend the new development with the one he already has, Oswald said. Oswald told the group, Skaggs still would like to be downtown, and is still interested in participating in the phase-by-pha- se ' struction within months, he explained. three Other Business project. "By giving West Temple an extension, we cant get hurt, Oswald stated. Board members (the five city commissioners) decided to give West Temple the extension on the condition that Gark present them with final plans and letters of interest from lending institutions within six months. Within nine months, final plans would have to be approved by the city. Within one year, con In other business, the Redevelopment Board heard a progress report on the Block 69 mini-par- k (to be built between Dinwoodys Furniture store and Bennets Paint Mike Chitwood, store). Agency director, said Ralph Evans has taken over architectural direction of the park. The park should be put out to bid by July. Construction should start in August, Chitwood said. A IBLesort, ComdoimimiiuumL andl (Coimw&Mltioffli (Csmntsn Pacific Gas and Electric Co. announced the purchase of coal properties in Utah, bearing an estimated 150 million tons of low sulfur coal, for $10.7 million. The coal, near Price, will be mined underground and shipped by train to an unbuilt power plant site in California. Heiner Coal Co., of Price, a subsidary of Island Creek Coal Co., of Lexington Ky., had previously owned the coal struction would have to begin. Clark would probably operate on a fast track basis, Oswald said in a later interview. That way the architect and builder coordinate their efforts, building the structure in a As the architect system. draws it, the contractor builds it. That way they can move from final approval to con- In One Package properties. The announcement was made last Monday in San Francisco. NOW GET THE Canon' CAMERA YOU'VE ALWAYS WANTED FREE WITH THE Canon' COPIER YOU REALLY NEED! 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