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Show Enterprise Review Page 5b Garn Blasts National Economic Planning Act, Cries Socialism Agency Purchase Saves Tax Money After two public hearings the Redevelopment Board recommended that the Redevelopment Agency buy the Capitol Theatre and sell it to the County as the dance theatre for the' Bicentenial Center for the Arts. The hearings, held February 24, and 26, drew only three people posing questions about how the purchase would affect them. They left after the issue was explained. decided to puchase the theatre rather than let the county purchase it dirctly to save local tax dollars. "We can buy the property at fair market value with federal money. Then, the property will be reappraised with deed restrictions which say the building must be restored and converted to a dance National Economic . are to establish an Economic Planning is an idea whose Planning Board in the office of time has passed," U.S. Sena- the President for developing tor Jake Garn said in preparthe plan; to provide for particithree-daa for ing pation by state and local seminar in the nation's governments and the private capital. Garn is spearheading sector; to provide for Congresa move to bring together sional review; to make certain Senate colleagues and noted the departments and agencies economists to "discuss the of the Federal government will consequences to the nation of contribute to the implementaNation Economic Planning." tion of the plan. "The Balanced Growth "If this bill were to and Economic Planning Act of become law," Garn said, "it 1975 was introduced last May would be the beginning of with the conclusion that the socialism on a national level. It countrys present and past is predicated on a denial of the economic difficulties are free market theory in deferfive-yecaused 'by basic structural ence to a Soviet-styl- e deficiencies in the United plan concept. England has States economy'," Garn said. tried national planning and its Stated purposes of the bill economy is a disaster. France tried it with equally unimpressive results. The Iron Curtain y . theatre. Such restrictions will lower the anti-plannin- g - property value, so we can sell the property to the county for The Redevelopment Board, made up of the five city a reduced price," Chitwood commissioners, recommended explained. The city commission will that the commission accept the purchase as an accept- hold public hearings regardable activity" for the Agency. ing the purchase at the end of Mike Chitwood, Agency March. Chitwood said he director, explained the city expects to sell the theatre to the county by July, 1976. Garn said he believed the free market economy, unfettered to the greatest possible extent from government interference, is the best way for an economy to be planned and to grow effectively and fairly. While the planning bill's sponsors claim the program would be voluntary, the language of the legislation says otherwise, Garn explained. "Federal agencies are compelled to follow the Plan or be prepared to explain why they did not. The potential for coercion of state and local governments and the private sector is very evident. The best economic plan I can countries provide other envision for the country is for examples of the fact that it the government to retreat doesnt work; in fact, the from many areas into which it Soviet bloc countries which has stuck its nose and certainare relatively economically ly not to intrude further into successful are those which areas best handled by the ignore their centralized private sector," he said. ar He knows where to take his lady to dine Dining like in San Francisco . . . New York . . . Paris. Romantic live music enhances your unforgettable evening. Nightly except Sunday. Drive to the door and leave the parking to us! Contractor Licensing Standards Stirs Debate Utah contractors may soon be required to provide INVENTORS & CORPORATIONS: MARKET AND FINANCE YOUR INVENTIONS VIA COMPUTER. MATCH UP WORLDWIDE! L more detailed financial statements in order to become licensed by the State, and contractors with educational training may be able to apply that time to their experience record. These issues will be discussed at a public hearing at the State Capitol Office Building on Wednesday, March 31. Jud Weiler, financial investigator for the Business Regulation Department of Contractors explained the reason for the hearing. "In 1974, 18 contractors licenses were revoked due to business failures. In 1975 that figure jumped to 67 revokations," he said. lafleufdely 338 South State Telephone 359-575- planning." 3 More information about the financial status of pro- spective contractors, COMPLETE PRINTING SERVICE W : You can give your ideas maximum exposure through a oetc elter ernce worldwide computer network accessible to hundreds of thousands of computer terminals used by your most important ng prospects-includithe world's largest corporations. Let us help you use this efficient new computerized system. Get full facts free today on this safe, new, low-coway to sell your invention or idea. Act st now! Global TELEPHONE: Marketing Service 322-344- 7 255 West 800 SouthSalt 136 East So. Temple University Club Bldg. Suite 2220 Salt Lake City, 84111 6 (801) Lake City, Utah FREE PICKUP AND DELIVERY 533-066- those renewing licenses, may help reduce the number of business failures, he said. Regarding application of school training to a contra- ctors experience record, Weiler said he thought such experience "should qualify." Horace Gunn, director of Associated General Contractors, said much of the reason for the increasing number of business failures was tripled construction costs combined with lengthy construction time. "Construction is a very competitive business right now," he said. We believe in and high good record-keepinstandards. Anything to up- Name. g Address. City. State. and .Zip. the construction grade industry is okay with us, he concluded. |