Show Penney Store Two More Years A new J. J C. C Penney store is not in sight for th the south Davis area before the spring of 1971 according to Oakley Evans official of the company SPEAKING to the city council council council coun coun- I cil of Bountiful Wednesday evening Mr Evans said he would start his remarks with the assumption the city still wants the large new store planned for a shopping center I on Pages Lane just west of I Main Street I Our problem has been interest interest interest in in- terest rates he continued THE TIlE DEVELOPER who was going to build the building had financing arranged for When he went to finish contracting for the money mey I new rates rate made It impossible for or him to build So we bought the land and decided to build our own building building building build build- ing Mr Evans said The same thing has happened to us In fact high interest rates will hold up 12 of our develop develop- ments this year WE THINK we can now go ahead And the company is anxious to begin Our schedule calls for opening opening open open- ing of the Granger store this year with several others in inthe inthe inthe the near future We hope to use the same plans for forthe forthe forthe the Bountiful store we used in Granger I |