Posted Today, 3:46 PM
|
 |
Registered User
|
|
Join Date: Aug 2006
Location: Downtown Los Angeles
Posts: 19,461
|
|
The Larry H. Miller Company now controls at least an additional 18.7 acres of land just steps from where it hopes to build a Major League Baseball stadium...
...The firm quickly moved to grab several parcels of the remaining land that isn’t owned by Rocky Mountain Power, a subsidiary owned by Warren Buffett’s conglomerate.
Its holdings now include the site of a former Ramada Inn, which the Miller group picked up via a long-term lease, a corner that was once slated to become a Starbucks drive-thru, and a former freight logistics hub.
All told, the Miller Group is now the second-largest landholder in what has been branded the Power District, and there’s one remaining property that could come up for sale soon.
Building Salt Lake reported on Jan. 12 that the Millers had recently bought the 12 acres that had been home to the ABF Freight shipping and logistics hub at 55 S. Redwood Rd. Two weeks later, on Jan. 29, the Millers signed an agreement with Keith Warburton to take over his $5.7 million long-term ground lease of a site once home to a Ramada Inn, county records show...
...The acquisitions follow the company’s quick moves to reach an apparent agreement with Rocky Mountain Power on carrying out a master plan for the 100 acres known as the Power District and secure a subsidy from the Utah Legislature to build the stadium and attract the team.
Related Article:
Miller Company to invest at least $3.5B in MLB Project on Salt Lake City’s west side
Big League Utah, a broad-based community coalition, believes Utah is the “Future of America’s Pastime.” Like baseball’s brightest stars, Utah is a 5-tool player for its growth, economy, location, sports culture, and quality of life. The coalition has targeted a shovel-ready site for a new MLB ballpark at the 100-acre Rocky Mountain Power District in Salt Lake City.
The Larry H. Miller Company and Miller family unveiled renderings for the Power District, a nearly 100-acre site adjacent to the Utah State Fairpark and the Jordan River, Feb. 15, 2024. Here is an aerial view of the Power District looking east. Courtesy of Larry H. Miller Company
The company and the Miller family unveiled renderings and videos Thursday for what they say will be a transformational investment and catalytic project for the city. State and local leaders, including the governor, support the plan.
The Power District development includes the Utah State Fairpark and improvements to the Jordan River. The LHM Company is working with the Fairpark board, Salt Lake City, the Jordan River Commission and the state to incorporate various community master and land-use plans into the project... Full Article @ https://www.deseret.com/utah/2024/2/...ject-west-side
Quote:
Originally Posted by Atlas
|
.
|
Prev
Linear Mode
