Salt Lake Tribune | 1913-06-15 | Page 18 | Moffat Road Will Increase Values

II MOFFAT ROAD WILL I Mere values iVReal Estate Men Look For-I For-I fs war3 to Opening of Line v With Interest, f ' That the completion of tho Moffat toad in Utah Hl mean an increa30 ia. the population of Salt Lalco of eaai- ly 5,000 people, ifl the prediction now String made in local real estate circles by men who Lave Btudicd the situa-j.tion situa-j.tion hore for years and who are in a position to realize tho importance of S.such a project as tho new Denver-rtSalt Denver-rtSalt Lake line. J x The voting of bonds by Deu ver to coni-atIete coni-atIete tho great tunnel necessary to tho t&trailding of the road out of Colorado, tfitemoved. tho laat obstacle to the coni-ki&letion coni-ki&letion of the line and already Salt Lyiake Investors who have made money 'ieretof oro on their foresight, are try r teff to analyze tho ultimate effect hero Vor the operation of the road. - "W. B. Hubbard of, the Hubbard In-' In-' j vestment company, says: ' The influx of people who will fol-', fol-', low tho road into Utah will nat- urally come to Salt Lake, and I j1 do not mean working classes entirely. en-tirely. Hundreds of business men will come to Salt Lake with their " families and with the rearrangement rearrange-ment of shipping rates, shipping , distances and passenger time from i ; the east into Salt Lake and the fact that not only will the Moffat y toad bring its own trains to Utah, but the through trainB of the Eock j, M I - Island and Burlington lines as well, I am convinced that all property hero will bo greatly influenced in value. Already out-of-town investors arc looking over the field hero with a view of getting in on tho ground floor while values are still 25 per cent lower on improved residence proporty in Salt Lake than in' al-moBt al-moBt any other city its sizo in the country. Mr. Hubbard's forecast is echoed hy practically every other business man m the city who has kept track of tho developments in tho Moffat lino situation.