Quote:
Originally Posted by rockies
I figured it had been abandoned since I couldn't find much about it. Still interesting to see they went that direction at one point and I hope it's still on the table for the (probably distant) future. It would be awesome to see mixed-use development there, especially if that 10-story timber building gets built down the street.
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The project has been "on hold" since November 2009.
"Universe Project on Hold
November 25, 2009 — Inland American Communities Group, Inc. (IAC) notified the University of Utah (U) on November 13th, that it will not be exercising its option to go forward with the Universe Project, and the non-binding letter of intent between the U and IAC concerning the project is formally terminated....
Over the past several months the university and IAC have discussed concerns about the feasibility of the project given a variety of current economic conditions."
Source:
archive.unews.utah.edu