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Show Business condos started, $1 million investment A different concept, new to the Vernal area, is being introduced by the construction construc-tion of a $1 million condominium office building at 300 West and 250 North. Bill Barker, Barker Enterprises and contractor on the project, said that the Windsor Office Buildings will be two buildings which will extend from 300 West to 400 West Street. Two residential homes were removed to build the office complex. Like residential condominiums, businesses can lease one or more units, with lease money credited to purchase of the units. The businesses will form a board of directors which will be over the upkeep of the complex, Barker said. "There will be a monthly charge of something like $20 for snow removal and care of the grounds," Barker said. "I don't think residential condominiums con-dominiums will go in this town for several years," Barker said, "but office condominiums offer so many advantages over renting that we're sure this idea will work." The major advantages to the office condominium concept is that businesses can deduct from taxes the interest for their unit, and when a business decides to move out, it can sell the equity invested in-vested in the unit. |