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Show ENTERPRISE Apartments V Continued from page three central city corner lot. Wc'U buy it for about $90,000 and plan to build a 24 unit condominium on it. If these zoning regulations go through, we figure the most we could build on the parcel is a six-ple- x. Under current zoning, each unit's land cost would he P, their own way for so long, and now the neighborhoods arc coming along asserting themselves. What's needed is more compromise, not more fights. about $3,750. New regulations would increase that to Slb.iHH) per unit," commented Akcrlow. Mark Hafcy with the City Planning and Zoning Department finds himself agreeing somewhat with this. There's no question that the new regulations will force people to live in outlying areas, because there wont be enough units to support them in the city. It's also true the new regulations go against the drive to ease the energy shortage, because people will have to commute longer distances to get to work." But Hafey sees no way out of it. Developers have had No end to fight The fight will no doubt continue, politics being what it is. And there isnt a developer in the state who thinks he could win the game of votes against the neighborhood groups. As Ligncll said, Wc can't beat them at votes, and the courts favor them as well. If you try to fight it. you spend your own money taking it to court, and they spend your money fighting you through taxes. A n proposition." The fact still remains, said Bill Hunt, of Consolidated Capital Corp., which is converting the Maryland Apartments to condos, Apart- no-wi- nients in the Salt Lake City area just don't pencil. I don't know why, but if you build an apartment in the city, you can expect to maintain a negative cash now." So apartments won't be built. Between low rents and the uncertainty of zoning changes, it is unlikely, according to many developers, that anyone will build rental units in the city. The developers don't lose much. Certainly thev'll sus- tain losses on current holdings, but no doubt theyll recover it on more profitable ventures. They just wont build. Hunt said the low rents and returns on apartments in Salt Lake is one of reasons why he invests completely cream store franchise will begin operations in Utah as soon as franchisees for its projected 20 I stores can be found, accord-- i ing to Dale Kerr, owner of the ' Breslin Ice Cream territory. He expects all 20 stores will be in operation with the next 18 months. Weve already sold four of them, and some must await the completion of shopping centers," said William Pcllcy, manager of United Business Investments, who is handling franchise sales for the firm. Pellev said the ice cream store requires anywhere from $45,000 to 560,000 for the initial investment. The front-enfranchise fee is S10.000 with Breslin taking five percent of Issues fund Chambers choice customer actually watches the ice cream being made right on the spot." said Pcllcy. Breslin's currently has 45 stores nationwide, most of them in the Southwest. According to Pcllcy. Breslin is engaged in a large expansion program, with "50-6- 0 outlets planned for Texas alone." i Financially supporting specific issues won out over supporting Chamber-endorse- d candidates at a recent 9 meeting of the Salt Lake Area 8 Chamber of Commerce legi- slativc action committee. Members of the committee almost unanimously support- ed the issues" fund over the I candidate" fund. And as Chamber government affairs , director Kandy Horichui cx- -' plained, the fund will be dedi-- : cated to supporting or oppos-- r ing passage of bills before national and state Thc committee also discussed the candidates seeking the congressional set now held by Kcp. Dan Marriott. Already entered are John Paul Kennedy, Craig Peterson and Peter Cooke. Seriously considering entering the race are Ed Firmagc and Jim $?' r- - or too large we customize them all. FREE ESTIMATES Commercial Industrial Residential Business COMPLETE JANITORIAL SERVICE Fully licensed and insured Phone 487-38and ask for Neil Baker. 11 out of state." Nor will the neighborhoods suffer. By down zoning, their real estate values will stabilize, and in many cases rise substantially. Breslin expansion targets 20 Utah franchise outlets A new ice No job too small DRAPERY CLEANING & PROFESSIONAL DRY CLEANING d gross income thereafter. Kerr also owns the state franchises for Missouri and Kansas. And according to the midwesterncr, each stores before tax net should total between $35,000 and 540,000. That figure is based on national averages." commented Pellev. The Phoenix based company specializes in making ice cream upon order. The FOR DRAPERY PICK-U- P, REMOVAL, CLEANING AND REHANGING: 27S--1 31 1 FINE DRY CLEANING 1871 South 7th East 487-854- 8 DEVELOPMENT CO. "Under all is the Land LAND TECHNOLOGY The acquisition, control, and determination of optimal use processing land thru zoning, planning and design techniques; obtaining all required approvals inclusive of final plats and building permits." Come in and visit with us. We welcome your inquiry. Located in the Citizens Nti. Bank Bldg. 285 W. North Temple Suite Salt Lake City, Utah Phone 1-- 531-70- 97 D 15 |