OCR Text |
Show THE NATIONAL Viable business is fleeing from downtown Park sub- City foreground to the resort-oriente- d I has been proposed to relieve stagnation. decay . urbs background. A redevelopment agency Redevelopment agency may aid Park City business a deteriorating and stagnating downtown district. Park City may form a redevelopment agency to beef up business potential on Main Street. Facing town merchants should pull themselves up by their boot- center to Main Street lots Krajeski already owns. Both he and Wilde have been told no all over northern Utah to his proposed interior business. He suggests the city require audits and financial statements from businesses requesting license to operate straps. design- -architecture downtown. At the request of city manager Wayne Matthews, Park City recorder Bruce Decker has written an eight-pag- e outline describing how a redevelopment agency might work in Park City. Stagnation is a good possibility if downtown business patterns dont Although Krajeski is a victim of redlining, his never having been an issue in loan negotiations, he considers the practice justifiable in light of the areas poor business history. "Management is at fault in many Continued on page 20 Dave Krajeski knows the frustration of trying to establish a credit-worthine- solid enterprise in downtown Park City. For several months, he and Wilde have been trying to find financing for his Design Coalition," to be moved from the resort ss The present Park City sewage treatment plant, old and substandard due to surrounding development, will soon be replaced. Voters approved a new regional plant by a healthy margin. Bond passes building can continue in Synderville Voters in and around Park City have saved themselves from a threatened building moratorium by agreeing to fund a $4.8 million regional sewage treatment plant for the Snydervillc Basin Sewer District. The final vote tally, 464 in favor-2- 96 against, provided overwhelming assurance construction could begin as soon as bids can be advertised, opened and awarded. Engineering has been done by GengeCall Engineering, Inc. The EPA is financing 75 percent of the project. change, Matthews says. He cites high turnover and management instability of many former Main Street businesses as prime reasons much of the downtown property is deteriorating. He says lenders have been reluctant to support new ventures in the old section of town, and the only businesses moving into vacant storefronts are poorly capitalized. Redlining in Park City The pattern has been prevalent the last several years, he says. People move in and start up a restaurant or gift shop, hoping to cash in on the ski season. Comes summer and, perhaps intentionally, they pack up and leave. There is definitely redlining in the old section of town, says Park City's Silver King State Bank president Dick Wilde. His bank has lent all the money it can for the moment, he says, but he has been actively trying to find money for a couple of Main Street building projects he considers legitimate. Investors can't be found, he says, because the district has a reputation. failure-pron- e (Redlining describes a US gtmsswB. $U3 SAH5TLMUE lenders moratorium on a geographic area.) Require financial statements these restaurants move into the area and in six months they're broke, he All says. "I believe the down- - 3151 So. State St. Salt Lake City, Utah 84115 7 Phone 487-964- Sailing. Especially in Utah. Great Salt Lake, Bear Lake, Utah Lake, Pineview, Rockport, Deer Creek, as well as other Utah waters are ideal for sailing. And our Tasars, Hobie Cats, Lasers and Ericson yachts are ideal for our range of waters in Utah. From the small, spirited catamarans and dingys to the elegant 39 foot yacht. We have them. Drop in and browse around. |