OCR Text |
Show Research Park opens new addition in slow growth struct buildings which enhance rather than detract from the landscape. land-scape. Control of landscaping and architecture resides in the Research Park Office. Resident companies are also selected to broaden the economic base of Utah. The projection for the Park is to house 50 or 60 companies employing em-ploying about 12,000 people. Money wants the Park to develop slowly so that problems created by this influx can be dealt with before they arise. a new addition to the University ,h Park was opened by Gov. Tuesday. The building is 5 office and laboratory for wa-Tek Inc. TTerra-Tek is currently testing ro k materials to enable El Paso Sural Gas drills to make optimal use of natural gas deposits. They are also researching rock mechanics for the U.S. Department of the Interior to advance earthquake ear-thquake prediction. Land given The University Research Park has been given to the Univrersity. Four-hundred-thousand has been invested by the city to construct roads and utilities for the park. The city will get the return on their investment by taxing the Research Park buildings as if they were on private land, says Director Mark L. Money. Since the City Commission is the "majority stockholder" in the project, Money and his associates maintain close contact with the Commission. Meetings are held at least once a week. Money says the cooperation between the Research Park Office and the City Commission Com-mission has been extremely good considering the problems that easily could arise. Interim use Money says the Research Park is only an interim use for the Ft. Douglas land. Companies are invited in-vited to build facilities, do research, and write off their investment after about 40 years. The use of the land will then revert to the University , he says. The Research Park will grow slowly.says Money. Special care is being taken to select residents who will abide by strict rules regarding the environment of the Park. Companies are expected to con- |