OCR Text |
Show Resort Is to Be Established on Seventh East and Fifteenth South. 1 1 1 LARGE SUM OF MONEY IS TO BE EXPENDED Alhamhra Park, lee and Power Company Owners of (lie Property. A real estate deal, which will mean the ultimate investment of nearly $1:10.000, was consummated Thursday afternoon by tho Sears Investment company in tho sale to the Alhamhra Park Ice and Power company of the properly on Seventh Fast below Fifteenth Fif-teenth South, known as Hill's park. Tho consideration was $05,000. Tho company, for which the articles of incorporation in-corporation were filed only recently, is composed almost; entirely of Utah capitalists cap-italists aud S. S. Soars, a prominent mining man of Nevada, is the president. presi-dent. Tho company is capitalized at $125,000. The property includes twenty-three acres of land, with excellent shade, and tho same amount of water divided info five largo lagoons. Between tho first and fifth of these lagoons is a fall of twenty-eight feet, and this drop will bo used to develop water power to produce pro-duce light aud power for the use of the company in carrying ou an ice business, busi-ness, aiid will also supply tho neighborhood neigh-borhood with light, and power. The property will bo laid out in the form of a park similar to Lagoon and Wanda-mere, Wanda-mere, with a club house, boating and h'shing facilities, aud everything which will be of advantage in conducting a fiiNt class summer resort. The ic(j houses of the company will be erected on laud just north of the present park, so that the business will bo devoted to the harvesting of ice in the winter time and a resort in the summer. To Build a Resort. Steps will be taken at once to transform trans-form the park into a resort. Tho old ice houses and other buildings on the property will bo pulled dowu aud a handsome club house will bo erected at once. Work on tho properly was started start-ed Thursday. Tf. is proposed to expand over $70,001 in beautifying the resort aud erecting tho uow ice houses. Ar-rangemeuls Ar-rangemeuls havo been niado for ihc extension ex-tension of the present Wandanicre car linn to the resort, and the lines of tho proposed scenic route will also bo used to reach tho property. Tho project was started last, fall whou tho property was acquired by tho Sears Investment company, and" i lie present plan is tho outcome of a proposition prop-osition decided upon at lhat time. II; is felt that the growth of. the ciiy southward warrants tho use of the property prop-erty as :i park since it will bo near the now additions which arc being opened up in the southeast. It was given out Thursday afternoon lhat although improvement im-provement of Ihc property will be started at once, the park and ice manufactory man-ufactory will not be entirely completed before next spring. The club houso and the boating and fishing facilities will bo ready for use by the early summer. |