OCR Text |
Show VALUES U4 PROPERTY INCREASING High School and D. ft R. C. Plans Give Stimulus to Business. OWNERS HOLD OUT ; FOR STIFF PRICES Have Faith in Future and Are Not Anxious to Release Re-lease Holdings, TIM accrpce by th board of tdu-7 tdu-7 cation plui for the new $500,000 east gid high school and the m-nonncentent m-nonncentent at the Denver ft Rio Or-nde that It would at one proceed to spend not Jess than SO,000 in th iraproveraeot and enlargement of ita tthops In this city, have had a decidedly mmuJating effect on real estate business busi-ness during the last few days. I'rnmiuent 'dealers declare tbt. while the voJame. ha, been steadily lurreasjuftt: for weeks, the bufioess tbifc weck i the best so fsr thin vear, and that thev look for a cootinued in-1 .crease for manv months. 1 Uuiinc the week representatives ot the local tiancb of the Ladies "f i Maccabeus inspected the site olTered hv the owners of Douglas Park for one f' the three homes which that orasni-J ;ttiou rroDO-es to erect in the United Mate. . While the. committee ia not in .i pooitKin to make the hdhI choice of the site, ita members exoresred themselves them-selves a plcaed, and toey will submit sub-mit the matter to the nest grand lodae meeting n Atlantic t'ity, N. J., next month. Tt is confidently pre dieted that the site offered will be accepted and that within a few months work on a handsome hrme to cost not lens than $25,000 will com-nen com-nen e. To 'Commence on High School. The final errptance of the plans for the nw east sile high achooi did not -ome as a surprise, but It la nevertheless weli-omo. aa ther haa been some quesilon as in wlMt kind of a plan would be adopted, adopt-ed, sud when work might be expected to commence. The plan accepted la what Is known as the him k plan, and It In in-nounrM in-nounrM that work on the erection of the building will commence within two or three months. Before the artnal construction con-struction work Is rommnred the excavation exca-vation inuat be made and the grounds lt(j off. It la the intention to have all i his preliminary work completr-d before September 1 of this 'ar, hv which time j It Is expected work on the foundation, will commence. It is the Intention to have I ihe building completed and n'-ady for use, k befyr the opening of the school year, stW Hl'-lfM. -The plans rail for a building that would e a credit to any city fn the I'nlted Statea and will put Salt I-ke City another an-other atep forward as ona of the bst Hes In the I'nited Hi a tea from an educational edu-cational standpoint. , D. ft. O. Improvements. The announcement of the plana of the Denver Rio (Jrande to spend at least jMt.ono in the improvement and enlargement enlarge-ment of Ita shops In this cltv came as somewhat of a aurprise. Though It has rv-n kaown for some time that the present shopa were Inadequate for the needs of the company, no forecast of anj Improvement a wss made until Thuraday morning. whn Horace W. flarke. s-ond vice president and general manager of the road 7 announced that the money waa readv, that the -on tracts would be let within a dav or two and that the work would be pits bed Just aa fast aa possible to completion. It la aald that this Is but the first of many thousands of dollars which Ue Gould system will spend in this city within the next three or four y-ara. Tire demand for residence property In everv section of the city ahows a heavy Increase, according to the statement of dealer: especially ia thla true of the est and southeast and tha west side. Th-re have AHeen many Inquiries during t,he week for business property, hut several sev-eral of the dealers declare that tha price demanded hv th owners Is auch that the proepecUrfl buyer hesitates at purchasing. Have Faith in Property. One of the leading dealers said this morning thai it waa his Ann belief that tha ownera of husineee property did not want f sell and for that reason asked price that they knew would not be accent ac-cent erf. Aald he: "Persona.lv I do not blame the owm-r; thev know that tin rttv Is Crowing everv oy and thai the value l their property Is increasing. They are awapa of the fact that nothing can keep the growth of the city hack for anv great lenirth of time and that the longer they hotd on to their property the .more valuable valu-able It will be. It may be a surprise to some people, but there la property on Main atreet In this city that could not .be purchased for fSftOO a front foot today and U will keep on Increasing In value. ' The demand for moderate priced homes continues to Increase and a number of V- new permits have been taken out during the week for this claas of buildings. White there is no big building boom on In this rttv at the present time, there la a steady and healthful growth In all parts of the city that argues well for the future . |