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Show Necessary to Build Mall The Salt Lake Tribune F5 Sunday, January 22, 1984 Crane an Anachronism In Quaint Park City By Robert H Woody Tribune Business Editor PARK CITY One got used to seeing tower cranes m Salt Lake City, where several high rises were under construction simultaneously A tower crane, however, comes of! as something of an anachronism in Park City, a town once celebrated for quaintness, quietness and historicity But given the confines of space, there was really no other way to go about construction of the $5 5 million Silver Mill shopping mall, says Charles Culp, vice president of Culp Construction Co , the contractor The site is contained by Main on the east, and buildings north and embankment on south, and a the west. 30-fo- ot Mutual Funds Assets Rise SI 33 Million NEW YORK (AP) Assets of the money market mutual funds rose $133 million in the latest week, said the Investment Company Institute. The gain, to $164 7 billion m the week ended last Wednesday, followed a $1 1 billion increase in the funds assets the previous week, according to the Washington-base- d mutual fund trade group. The funds assets hit a record high $232 6 billion in the week ended Dec 1, 1982, but since then are down 29 2 percent. Much of the drain initially went to the competing money market deposit accounts that commercial banks and savings institutions began offering in December 1982. But the money funds say a substantial part of the decline in later months represented money flowing into the stock markets historic rally The Investment Company Institute said that in the latest week, assets of 177 general purpose funds rose $38 million to $52 6 billion, asfunds sets of 82 broker-deale- r climbed $24 million to $77 0 billion, and assets of 57 institutional funds increased $71 million to $35 1 billion. The seven-da- y average yield on the money market mutual funds fell in the week ended Wednesday to 8 78 percent from 8 81 percent the previous week, according to Donoghues Money Fund Report, a trade journal based in Holliston, Mass. nations 316 Had there been more room, the company probably would have used a smaller mobile crane, he said The four-lev- t, center is being constructed of steel frame with brick and glass veneer walls on a reinforced concrete foundation in the heart of the old downtown district Developers are a partnership of Randy Fields, Michael Barnes, Michael Dollney and Jonathan Krass Culp had targeted completion by July 1, says Mr Culp But that was before the worst winter in years put construction into a deep freeze We estimate weve lost about 30 days The big problem has been the snow we have had to remove from the site Although most of the previous Qowntown commercial construction had been done well before 1926, the year he was born, Park City native, contractor and fireman David Prudence has a working knowledge of the old ways Many of the older buildings are constructed of steel or husky wooden beams lifted into place by horse teams using block and tackle suphe said ported by an Scaffolding and manpower was probably used to get materials to location on other structures, he said When the city had its first building renaissance with the opening of the d resort in the 1960s, portable cranes were used, he added The Silver Mill project includes pedestrian and service tunnels under Main Street to link the structure with the remodeled Egyptian Theoffice atre and a building to be built on the east side of the stieet. Designed by MHT Architects, Inc., Salt Lake City, the Silver Mill project is intended to complement, but not imitate, historic downtown Park City, developers said Tower cranes originated in Europe. And most are fabricated there. Mr. Culp said. American contractors started using them about 20 years ago. Culps is a leased crane. After construction, it will be disassembled and returned to its owner. The disassembling of the Silver Mill crane wont mark the end of major commercial construction in Umt. Tower crane, a common sight in Salt Lake City, is new to Park City. Lack of space required use of crane in construe- - Ex-USD- truck-mounte- Park Tribune Stott Photo by Von E Porter tion of Silver Mill shopping center. Culp Construction Co. is contractor of the facility. four-leve- l, sources for the Future Inc wrote that food and agricultural policy mostly has been old wine in new bottles and that someone should take a fresh look at it. The critical need is to the precepts that undergird current policies and to develop and evaluate policy alternatives in the context of realities not the myths of contemporary agriculture, he said The 1930s, after all, were a ago Farrell now has an opportunity to do what he suggested in the February 1983 issue of "Resources, a publication of the research and educational organization based Agriculture Secretary John R. Block remarked that his department will not have a formal relationship wuh the new study group but that input from the center will be welcome to help design future agricultural policy. Farrell is a former of USDAs Economic vice, the agency that trends m agriculture, administrator Research Serkeeps track of trade and the half-centu- One Year Certificate food industry. It also provides the USDAs main base of expertise for the formulation of agricultural polithe nuts and bolts that often cy wind up as legislation on Capitol Hill. In his article, Farrell described some of the inconsistencies of agriculture, the export boom of the 1970s and the fears expressed m some quarters that the world was headed in Wash.ngton Last week Farrell was announced as head of a new National Center for Food and Agricultural Policy, which will be financed initially for five years by a $4 5 million grant from the W K. Kellogg Foundation, Battle Creek, Mich. The announcement was made jointly by the foundation and Resources for the Future, the centers parent organization. Valley resort and just off the golf course north of the downtown. Per Annum $100,000 minimum deposit Rates change daily Penalty for early withdrawal Fully FSL1C insured Phone:531-847- But, as they have before, surpluses again were built up, leading to what Farrell called the sleight-of-han- d solution through the go- vernments payment-in-kinprogram in which farmers were given d free surplus commodities for reducing 1983 crop acreages MARKET .125 1 for dire food shortages all of which had an effect on farm policy and federal programs usETmoney non-prof- it According to Park City city manager Arlene Loble, construction on two major hotels is tentatively set to get under way this summer at Deer ot Official Gets a Chance to Right Wrongs - A A year WASHINGTON (AP) ago, Kenneth R Farrell of Re- City. 85,000-square-fo- J U U When you purchase a 6 month Money Market Certificate of $5,000 or more Western Heritage offers 10.72 interest. 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