Posted Nov 16, 2012, 2:31 PM
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Join Date: Aug 2006
Location: Downtown Los Angeles
Posts: 20,521
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 It's Official: Broadway Park Lofts A Go!!
Salt Lake City RDA loans $4.5 million to Broadway Park Lofts
saltlakecitydigs.com
Financing » Board votes unanimously to finish project halted by housing crash.
By Christopher Smart
| The Salt Lake Tribune
First Published Nov 14 2012 05:06 pm • Last Updated Nov 15 2012 07:30 pm
http://www.sltrib.com/sltrib/money/55278844-79/lofts-park-project-south.html.csp
The Salt Lake City Redevelopment Agency is pumping new blood, in the form of a $4.5 million loan, into the partially finished Broadway Lofts near Pioneer Park.
"The significance is we finally have a rock-solid developer to finish the project," said Kyle LaMalfa, chairman of the RDA board, which is made up of the Salt Lake City Council.
"It’s been an eyesore," he said. "We’ve been hoping for an opportunity to boost Pioneer Park and the 300 South corridor with new residents in this project."...
(Kim Raff | The Salt Lake Tribune) The unfinished south tower of the Broadway Park Lofts, 336 W. 300 South, has been purchased by Micah Peters and James Chellis. The Salt Lake City RDA has loaned them $4.5 million to complete the project. The Broadway Park Lofts in Salt Lake City, Utah on November 14, 2012.
Last edited by delts145; Nov 17, 2012 at 11:56 AM.
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