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Show monday, 8 October 31, 1977b Tourism healthy Tax collections higher Salt Lake Countys travel tax collections reached a near record high for the second quarter of 1977 despite indications that the actual number of visitors to the county was just average. Collections for April through June totaled $255,766 according to the Salt Lake County Development & Promotion Board, which administrates the funds. The largest amount was received in the third quarter of 1976, Normally during this quarter we have an increase of 10 percent over the preceding year, Haun said. "But for a variety of reasons, including higher room rates, higher occupancy rates and an apparent increase in the length of stay, we received a 20 per cent increase. Haun didnt expect the increase because other factors including sales tax collections, visitation to state and national parks, highway trafic counts, sales tax collections and other Lake CUSTOM LOCATING New&Used Office Equipment Cash Amount healthy and continues to grow, said Francis W. Haun, chairman of the Proipption Board. county-inclu- ding tax all known amount for the hotels, motels and trailer courts. Since most rooms are rented by business or pleasure visitors to the county, the tax is a major gauge of the health of the visitor industry. TOTAL $8,699,500 8.699,500 3,417,600 4,971,142 4,039.053 1,242,785 $31,069,640 467-627- during 1977. There is no country where the impact of the emerging trend is felt more than in the United States. It is here that most investors throughout the world focus their primary' interest and activity. Between five and six million acres of U.S. land is already owned by foreign companies or individuals, it has been estimated. And properties being acquired by foreigners is definitely growning in numbers and, in some cases, size. From what countries are most of today's foreign real estate investors coming? The Arabs and Many. Japanese are by no means the only investors eyeing U.S. properties with increasing interest. The Canadians, for example, are becoming much more active in acquiring U.S. Canadian investors and developers have already pumped over $1.5 billion into U.S. housing projects. It's interesting to note the difference in tastes and preferences reflected in the selection of properties by investors from different counproperties. tries. British investors tend to Furniture 4 ASK FOR WENDY estimated amount YOUR SPORTS CAR DESERVES A MASTER MECHANIC Total expenditures for the quarter are estimated at $31,069,640, Haun said. Using this figure and first quarter expenditures, he estimates the vistor industry will account for $121,000,000 in goods and services purchased during 1977 in Salt Lake County. prefer farms and other rural properties in the United States. The Japanese favor recreation-oriente- d properties and facilities. Other countries express their preferences in selecting investment properties. The basic reasons behind the increasing interest and activity of foreign investors are tied to economic, social and political factors. Inflation has driven prices of U.S. real estate to record high levels. But this market looks healthy and inviting compared to today's real estate prices and financing costs in other countries. Also, in many countries, social and political pressures have spawned a very unstable tunities in other countries, most notably the United States. This situation creates something of a mixed blessing for Americans. On the negative side, it accelerates price increases of thus investment properties, making them less obtainable by U.S. investors. On the positive side, it increases the flow of world capital into the United States enhancing our And, of position. course, it directly benefits the sellers of investment properties in the United States. balance-of-pay-men- engine ready to power a lithe, re- nothing less. After all. if a car, is not at its peak real estate market. For this reason, many affluent investors within these countries are seeking investment oppor- U.S. real aficionado would consider U.S. real estate draws foreign buyers The international real estate market the sale of real property to foreign buyers is getting bigger and more robust. In fact, this may mark one of the most significant real estate trends & 262 East 3300 South Salt Lake City, Utah 84115 A ByJAMESM. WOODARD Copley News Sen'ice Supplies significant increases. Based on national averages, the transient room tax also show s significant expenditures being made in other areas. Visitors to Salt Lake valley traditionally spend 28 per cent of their vacation dollars on lodging, or for this Other quarter, $8,699,500. expenditures were: County remains The transient tax is a of 3 per cent on accommodations renting 30 days or less in & items were not showing $261,455. This is a 20 percent increase over the same period last year, and a significant sign that the travel industry in Salt New & Used Office Furniture in performance where is the fun of driving? But w here in Deseret is there such a thing as A Master Mechanic for The Racing Green? Where is there someone trained in British and Swedish factories who understands the beauty, the excitement of a perfectly tuned sponse road machine? Where indeed. r?r Until Roy Beale. Roy Beale is all these things and more. A Master Mechanic trained in the great traditions of Britain's finest sports car houses. A hand honed in major re- pair and simple tunc ups to perfection. Rov Beale. Master Mechanic. Your sports car deserves no less. Stcrts car Specialists ts ROY A. BEALE 1570 Master Mechanic SOUTH 300 WEST SALT LAKE CITY, UTAH 04116 487-597- 9 Transland Corp. plans east bench development Transland Corporation has announced plans to build eight duplexes in a $600,000 project at 2477 E. 7600 So. The units will be marketed for about $75,000 per duplex. Construction should begin within 30 days, Transland president Richard Turner said. Construction Co., also owned by Turner, will be the contractor for the project. He said the development should be completed sometime next fall. The homes will include split entry, y and structures of RAC cedar and brick. designed the project. RAC tri-Icv- cl one-stor- Aircraft Insurance Specialists Commercial Charter Clubs SprayingDusting FBO Instruction' Helicopters Balloons Homebuilt Group A & H Ar Insurance of Utah 2166 South 900 East, Salt Lake City, Utah 487-881- 1 Division of A.T.P. Insurance |