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Show The Enterprise Review, September 8, 1976 Page 7b Theatre, Restaurant, Bank Add To Elks Complex Continued from page 5b Washington and Western Savings & Loan of Salt Lake. Interim financing has been provided by Valley Mortgage Company of Salt Lake. Fahs said contractor Robert L. Mathie will begin construction within 30 days. Architects for the project are Winter De La Mare and Eugene Woodroof. n Highland Theatres will operate a theatre with 600 seats on the second This theatre will be the floor, Fahs said. one besides those of the Plitt chain that only will show first run moves. Parking for theatre patrons w ill be free. twin-scree- Parking Unique The unique part of this complex is the parking, Fahs continued. That is the main advantage it has over its major competitor, Arrow Press Square along with location. In this location, this center will be a supplement to the ZCMI Center. On the low'er level, where, says Fahs, cards wrere dealt and roulette wheels once whirled, a restaurant will serve gourmet food, while customers enter through the former secret Elks tunnel. The first floor will house retail businesses such as a jeweler, a bank and a fast food restaurant. Fahs is currently negotiating a lease with a fast food chain to operate an outdoor cafe on the plaza entrance to the building, he said. The third through sixth floors will house offices facing toward a huge interior light well. The bottom of the light w ell will be the ceiling of the theatre lobby w'hich, Fahs said, will be skylit through a large glass dome. A sixth floor of office space will be added to the present structure. That floor, Fahs explained, will be a kind of greenhouse, made of sloped glass. As Elks Associates adds another level to the building, along with modern amenities, they are hoping to launch another phase for the firm Development Associates. We are hoping this project will lead toward more commercial work, Fahs said. two-year-o- ld heads, bracketed cornices, and ribbons dating back to the classical Greek and Roman architecture, he said. "At the same time its unbroken vertical columns lend a modern, skyscraper image that was created by Louis Sullivan of Chicago. Structurally, the building is modem, but its decoration is classical, he concluded. Other Salt Lake buildings using the terra cotta designs include the Hotel Utah and the Capitol theatre, built about ten years before the Elks Lodge. Historical Significance The Elks Lodge was built in 1923 by the Elks club. According to Alton Thompson, special deputy to the Grand Exalted Ruler of the national organization, the present club plans to build a new lodge soon. Utah currently has 13,000 members of the Elks, he said. The club has a religious base, he explained, but is a social club dedicated to charity. The all male group sponsors boys clubs and boy scout troops and presents a weekly entertainment program at We were founded on the Veterans Hospital. of unity and working together principles toward charity for the less fortunate, Thompson said. The Exalted Ruler of the Salt Lake organization is a Litton Industries engineer, Harry Ensign. The building itself, according to Allen Roberts of the State Historical Society, is in the style of "eclectic modern classical revival. This is one of the last buildings in the state to use exterior terra cotta designs, he The building is decorated with elks said. Director Harmon Replacing Simon James A. Harmon has been named as a director of Mountain Fuel Supply Company. He will replace J. T. Simon, who retired from the board, August 1, 1976. Harmon is chairman of the Investment Banking Committee of Wertheim Company, Inc., investment bankers with headquarters in New York. He is a director of several other publicly owned corporations in the United States. He is a graduate of Brown University and holds an MBA degree from the Wharton Graduate Division of the University of Friends File To Start Bank Three friends have filed for permission to establish a new unit state bank in downtown Salt Lake City, to be called Empire State Bank. "We have been talking about this for years, explained Robert E. Wells, a proponent and former senior officer of First National City Bank of New York. He is presently Director of Purchasing, World Wide, for the Mormon Church. The major proponent and proposed president of the bank is F. Edw'ard Pedersen, presently president of the chain, State Hardware Stores. Pedersen, a native of Idaho, served on the board of directors of American National Bank for eight years until the bank was acquired by Bank& Trust in 1972. On that board he served on the loan, advertising and auditing committees. Other proponents are Wilford W. Kirton, Jr., atTracy-Col-li- torney, Milton ns L. Weilenmann, director of development services for the state, John S. Marshall and C. Reuel Ware of Photo-Blue. Merchant Bank Wells explained the men intend the new bank to be a merchant bank, offering services to industries moving into the state. "We intend to offer a range of services to the business community and to the public that no other he bank presently offers, said. Wells experience with the New York bank has given him expertise in developing an international clientele, he said. He has opened banks in Paraguay and Equador, has taken over existing operations in Argentina, and has had such corporate clients as Fiat, Kaiser, Cessna and fruit exporters. He left First National City Bank in 1971 to accept a mission call, he said, and after the mission was offered his present position. He added he does not intend to give up his present now offers its rural setting two additional days each week. position with the LDS Church to join the bank. Weilenman, who, in his present position encourages corporations to move into the state, was not available for comment. According to the application on file with the Department of Financial Institutions, the group intends to open the bank with a capitalization of $4 million. The application listed an investment in land at the corner of 2nd South and State listed at a value of $363,000 and a building valued at $587,000. They anticipate deposits of $3.8 million the first year, $5.5 million the second year and $6.6 million the third year, the t) Wednesday through Saturday Brunch on Sunday and a Basque style dinner Sunday evenings application claimed. Proposed bank officers are Pedersen (president). and Wells ). (secretary-treasurerWare (vice-presiden- Enjoy French cuisine Phone 942-175- 1 for reservations. |