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Show 9- -r SrecrAL COLLECTIONS 59112 THE 10 But no monsters in the lake f DEC141977 Noxious layer may repel tourists"""" in all that nice tourist money by Milt Policzer Enterprise Staff Writer again For what was termed an undue amount in profits, Arrow Press Square has been sold to Real Equities Limited for $4.4 million after only three months ownership by American Real Estate Associates. Real Equities, owned by Morley Sprague and James Hook, expects no immediate changes at the complex since most tenants there have long term leases. Hook told the Enterprise he is forming limited partnerships to help finance the purchase, and added he expects to buy parking facilities from the office complex West Temple Associates plans to to build on the Arrow Press parking lot next year. Howard Clark and George Learning, Partners in West Temple Associates sold Arrow Press Square to American Real Estate Aug. 19. Part of the sales agreement stipulated the amount of purchase remain confidential, but Hook admitted American Real Estate purchased the center on West Temple for a lot less than Real Equities paid for it. its It could be worse. Bear Lake and Loch Ness, after all, have monsters. But if remedial measures arent taken soon, the Great Salt Lake may soon become notorious for its rising Fetid Layer. Yes, fetid layer, and theres no controversy over its existence either in this case. Its a build up of hydrogen forecasting. The layer is also another factor in a controversy thats been raging for years now between north and south arm mineral extraction companies, the Southern Pacific Railroad, and state officials over what to do if anything about the railroads causeway that runs across the lake. Doug Stewart, director of the states Great Salt Lake Division, told the Enterprise last week the causeway, completed in 1959, had, in effect, created a two-lak- e system. The fetid layer resulted be- cause, although fresh water from the south still got through to the north, brine at a lower level has been prevented from circulating back to the south as it normally would. The result is a buildup of organic material. The causeway has had several other apparent although not universally agreed-upo- n effects. They include a buildup of salinity in the north with a corresponding decrease in the south and flood damage in the north. Those effects (Sec LAYER, page 2) sulfide some 18 feet below the surface of the Great Salt Lake. It isnt bothering anyone much now, but the layer is slowly but surely rising and another drought year or a drop in lake level similar to that of 1963 could accelerate its rise to the point where it drives tourists away completely development at the south shore or not. Wont bring tourists Its bad enough to have dirty beaches and a dearth of facilities on the lakes south shore. People still come. But odds arc they wont flock to the shore to catch a whiff of the layers rotten egg smell And that once it surfaces. would mean the $4.25 million the Great Salt Lake Development Study Team has been proposing for improvements at the south shore wont bring Hydrogen sulfide beneath surface of the Great Salt Lake bodes ill for south shore development . Property dispute threatens Provo ski development by Sheri Poe Enterprise Staff Writer issuing 10,000 shares of Wilderness stock to Hillspring. When Wilderness It would be simple if enough everybody just took at-temp- ed to exercise a $154,000 option for 9.2 acres this fall, it received a Mickey Mouse deed from Hillspring, Wilderness president Gary Williamson charged. On Nov. 4, Wilderness filed suit in Fourth District Court in Provo de- manding Hillspring deliver goods and marketable title to the optioned land. The deed, Williamson explained, didnt his marbles and went home, but thats impossible. Wilderness Associates of Provo has invested more than five years and uncounted thousands in the development of Heritage Mountain Ski resort. At this point, it refuses to allow Hillspring Associates to interfere with the culmination of its $100 million project. Hillspring, owned by the Grow family, holds deeds to a large portion of the e base site slated for development at the foot of the Uintas near BYU. Wilderness purchased options on the property two years ago and renewed the options last December by 200-acr- VOLUME 7 NUMBER 24 have proper legal definition of the property involved and had stipulations for usage not listed in the option agreement. In response to the suit and in keeping with the one-yestatute of limitations on real estate transactions, Hill-(Sc- e DISPUTE, page 3) ar Wilderness vs. Hillspring Counterclaim filed in federal court Lawsuits filed in both federal and district courts within the last month focus on the $100 million Heritage Mountain ski resort being developed by Wilderness Associates. The developer last month filed action in Fourth District Court against Hillspring Associates, which optioned ground to Wilderness as e base site of the resort. part of the Wilderness alleged Hillspring did not deliver goods and marketable title to the land after it had been paid $154,000. Hillspring, however, contends the title was marketable, and in turn filed a counterclaim Dec. 1 in federal court charging Wilderness with fraud 200-acr- r and deceit, (see story above.) The Hillspring suit asks for a preliminary injunction against the district court suit until the federal action is settled. Hillspring has requested either payment of $4 million in damages or a rescission of two A option agreements between the firms. rescission of the options would jeopardize development of Heritage Mountain since holdings comprise a substantial portion of the base site. (The Forest Service has approved Wilderness permit to use 44,800 acres of Uinta National Forest for construction of ski lifts and mountain lodges.) MONDAY, DECEMBER 12, 1977 ' :l (? fr-- ,! : Mtg. Rates all year..,:12 X-M- as '" ' ' . i Steel .v. ' s' f . r!r y , : v v K .... '''vVe-y.- ' rally...,.3 "5,-s- V sv? Hill-sprin- gs ,4 P c- VS1 1 fAi t jv as.' s Opinion Qtnrkc WlvWMI ' v1 :'y r; - f ' ' ; r .V v ; ' i, if V-- ' on CaU ; i r. - 50 CENTS |