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Show 8 to ? in favor Holding company gives okay for BYU-Springville project "The greatest thing that has ever happened to this county," are the words expressed by W. W. Clyde of the Provo-Spring-ville Holding Company who was authorized by the firm's board to sign the quit-claim deed to Springville City on the 380-acre "Springville Pasture" tract. Clearing of the land tract will allow the land acquisition by. the BYU for development of the projected Industrial Park. The holding company held an option on the Springville City-owned City-owned land for industrial development de-velopment which the quit-claim deed will now release. The Holding Company met last Thursday night at which time the board members, W. W. Clyde, Ernest Strong, Paul Haymond and Grant Nielson of Springville; John Q. Beesley, Arthur Taylor, William Woth-erspoon, Woth-erspoon, Art Adamson and Mrs. Tony Sowards all of Provo, voted 8 to 1 for the release. Provo City Commission had previously protested the sale as being unfair to Provo since Provo had supplied utilities in the past. Mr. Clyde said members of the Holding Company were not concerned with the interests of either Springville or Provo, but were concerned with the effect of the industrial park on Utah County. Action hailed David B. Haight, director of the BYU development program, hailed the action. BYU can now complete negotiations with Springville City for acquisition of the land, he said. "This will make it possible for the university univer-sity to announce to the business busi-ness world of America that this exciting industrial park . . . soon will be available." Expected to attract heavy and light manufacturing companies com-panies and various other types of industries in addition to motels, mo-tels, restaurants, etc., the industrial in-dustrial park will be built on a 766-acre tract consisting of 380 acres of the "Springville Pasture" plus 386 acres which comprised the Ironton Plant of U.S. Steel Corporation, donated by the latter to BYU a year ago. Dismantling work Work of dismantling the Ironton Plant already is under way by Learner Company of Oakland which has until May, 1971 to clear the land. BYU expects to proceed soon with engineering, establishment of a master plan, and eventually eventual-ly with installation of street system, utilities ,etc. Plots for the controlled development de-velopment then will be leased to interested firms. BYU, under agreement with Springville City, will purchase the 380 acres at an appraised price of $600 per acre. The entire Industrial Park tract will be annexed to Springville City. Springville City agreed to transfer title to the land to BYU for development along with the Ironton property which was given to the university univer-sity last year by U.S. Steel. However, Springville stipulated that the Ironton property would have to be annexed to Springville City as a condition of the sale of the Springville pasture. Springville City also agreed to supply all utilities for the combined area, plus police and fire protection. Mr. Haight expressed BYU's reaction to the newest development develop-ment in this statement today; "BYU is pleased and enthusiastic enthu-siastic over the position taken by the Provo-Springville Holding Hold-ing Company in releasing its option to the City of Springville. Spring-ville. This will enable the university uni-versity and Springville City to complete their negotiations for the land. "The University recognizes and appreciates the cooperation o f the directors of the holding company for making the land acquisition possible. "This will make it possible for the university to announce to the business world of America Am-erica that this exciting industrial indus-trial park, within minutes of the University and the brainpower brain-power of its faculty, will soon be available. "Plans will begin immediately immediat-ely for the engineering and the master plan studies for the development of the area." |
