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Time & Tide: Fishing-Specific ‘Pro Trek’ Watch Increases Your Fishing Chances

Fishing is a balance between being in the right place at the right time and a slice of luck. Here are some tips to help improve your chances of catching fish – and how the Pro Trek PRTB70-1 can help.

Understanding natural forces behind fish behavior can improve your angling. It can provide you with the knowledge to see the big picture and how all the variables involved in fishing interact. And the Casio Pro Trek PRTB70-1 watch, with features designed specifically for fishing, can help.

We will not go into the details of the choice of lures here. Instead, it’s a PRTB70-1 dive along with a zoomed-in approach to testing the water at the best times and in the best conditions.

Buy the Casio PRTB70-1

(Picture/Casio)

Casio Pro Trek goes fishing

The Casio Pro Trek line of watches is designed to meet the desires of outdoor enthusiasts. It comes with digital compass, barometer, altimeter and thermometer functions. It’ll even count your steps if you’re into that sort of thing. By syncing with the Pro Trek Connected app, you can save your route, steps and other information.

the Casio PRTB70-1 builds on this technology with fishing-specific features that could help you get the most out of your fishing trips.

The watch continues Casio’s Fish In Time feature, which when programmed displays four different fish icons to indicate the likelihood of catching fish throughout the day. It has a timer that will count down until the net capture period begins.

The Casio PRTB70 offers much of this information over Bluetooth through the Pro Trek Connected app. It can send alerts and information about tides, moon phases, and sunrise and sunset times for your location. To do this, the watch uses Fishing Point Setting, which provides data from 3,300 ports around the world.

Then there’s the Fish Memo, which doubles as a fishing log. The watch can be used to log your location, time and date with your phone. From there, the Pro Trek Connected app will note those conditions, let you check trends in barometric pressure or moon age, and save photos of your catch for posterity. (Pictures or it didn’t happen, right?)

Who is it for ?

the PRTB70-1 could be suitable for anyone who covers a lot of ground to fish. As part of the Pro Trek family, this is an outdoor watch at its core, with compass, barometer and altimeter functions. This variant also incorporates additional fishing technology.

Anglers looking to adopt more technology into their fishing repertoire can use the Pro Trek Connected app to factor in the time of year, day, location and tides when applicable. From there, the watch simply acts as a reminder of peak fishing times. You can check out all the features and tech specs on the Casio website.

Buy the Casio PRTB70-1

5 ways to improve your fishing

So how can anglers use the data from the PRTB70-1 to improve their game? Let’s go.

Time of the day

One strategy for fishing from a boat is to change your spots depending on the position of the sun. Dusk is generally the most universal time for optimal fishing. In the spring and fall, midday can be lucrative.

In summer, the shallow waters warm up quickly; and the fish, being cold-blooded, move to deeper, cooler waters at noon. Conversely, in the morning and at dusk, fish may be more active near the banks.

the PRTB70-1 can gather all this data on your site and deliver it to you quickly and concisely. This eliminates the hassle of keeping track yourself and being distracted from your line and lure.

Of course, the angle of the light has an impact on how your lure looks in the water. And the fish seem to know that it affects their appearance in the water as well. Thus, small fish may try to avoid drawing attention to themselves for fear of attracting their predators that you are trying to catch.

Adopt the technology

Some anglers love this sport and like to get away from all things electronic. It’s okay, we understand. However, there are times when you want to make sure your free time is spent catching fish – or at least feeling the hits.

You can always check the phases of the moon and the tides in “Old Farmer’s Almanacand plan a trip from there. But a fishing calculator is a bit more modern and has grown in popularity and acceptance. These calculators take into account lunar cycles (between new moon and full moon), sunrise and sunset, and tides to predict more active fishing times.

Rather than relying on tracking those calculations on your phone during a fishing trip, Casio does the PRTB70-1, a watch that can streamline them from its Pro Trek Connected app to the digital display on its face. It shows the best times to fish with four different sizes of fish icons and can count down to the next main fishing window.

Buy the Casio PRTB70-1

coastal waters

If you can, explore the shore at low tide — you can use the PRTB70-1 to determine when it is – before you even start fishing. This is the best time to see fishing spots like sandbars, deep holes and hollows. Even if you fish this spot later, you’ll know these features are there when the higher waters come in. Aim your first casts in those pockets of water or deeper channels.

If you are fishing from a beach or saltwater shore, you may want to consider timing your trip for the first part of a rising tide. Rising waters will begin to cover shorelines where crustaceans and other prey like to hide. The opportunity for an easy meal draws game fish closer to shore to feed.

Rocks and seashell beds can act as refuges for baitfish and larger predatory fish that seek them out. Of course, you want to avoid casting directly into these spots, as you’re more likely to catch a lure than a lunker.

Similarly, rock jetties, old piers, or other wave-breaking structures will serve as refuges for shellfish and baitfish. You may have to experiment with the depth of your cast to find the fish, but it should be there.

The times around high tide are often considered the best for fishing. Fishing at high tide when the sun hasn’t yet risen can also be more rewarding, as predatory fish are more active near shore and, perhaps, less likely to challenge your line and lure. The slight exception is peak tide when the waters calm down briefly. This can be a good time for a snack.

Low tides can be productive, but you need to be able to dive in deep enough water, which can be a challenge from many beaches.

The ocean water temperature is more difficult to assess from the shore, and this will have an impact on the location of fish. This table of species and water temperatures shows why you might want to change the fish you’re looking for or time your attempt.

Tidal rivers

It is worth remembering that tidal rivers are in a state of flow. Elite anglers will cite the tides as the most important factorprevailing over location and weather, except with extreme temperatures or winds.

To have the best chance of catching fish here, you need to be in tune with the ebb and flow of the tides. The constant change means that by the time you find a lure that works for a spot, you may only have a few casts left before you move or change it.

In general, rising tides allow smaller baitfish to take shelter close to shore. Bass and other predatory fish will follow the baitfish. Higher water also gives larger fish the opportunity to forage in tributary streams. When the tides go down, the real estate available for fish condense.

Fishing on tidal rivers and bays can benefit from deeper channels – drop-offs or just incoming water. Fish often move to areas near these channels in natural cover and debris for shelter and to avoid fighting the pull of the tide.

Shore fishing is best at low tide when you can target bass around pads, trees, or other cover in 2 or 3 feet of water. You can look for banks with defined drops to avoid water that is too shallow at low tide.

A unique feature of tidal rivers is their brackish mixture where salt water and fresh water meet. A variety of species are found here, from bass to redfish and crappie. When the salinity rises, return to softer water.

Boat anglers can go out into open waters to search for species of fish that move with the tides. The tides follow cycles of approximately 6 hours. The early hours of the rising tide and the last hours of the falling tide are generally considered to provide the best fishing.

If you’re down for a full day of boat fishing on a tidal river, you can start downstream towards the mouth and move upstream every 45 minutes or so. Setting a reminder alarm can help you focus on fishing and then move with the tides when alerted. On larger rivers you can do this for 5 hours, then turn around and reverse the process for another 5 hours.

make peace with the rain

Light rain (without lightning) can be a good time to fish, especially in the summer when hosts of bugs and insects are swept into lakes and rivers. Overcast skies also cause fish to move around more.

Of course, standing in the rain can be unpleasant without proper gear. This is where a light shellfish or a poncho can help. During the warmer months, you should pack a jacket with an emphasis on breathability.

Warning: a thin shell can protect you from the rain, but when wet, it can cling to your skin if you wear short sleeves underneath. It’s not only annoying, but it can also steal body heat. We recommend a long sleeve shirt underneath for that reason, not to mention the sun protection it provides when it’s not raining.

Buy the Casio PRTB70-1

Casio ProTrek_ watch and rope
(Picture/Casio)

This article is sponsored by Casio. Learn more about the functions included in the watch PRTB70-1 in line.

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Salt lake city

Salt Lake City mother grapples with unexpected rent hike

SALT LAKE CITY – Finding housing in Salt Lake City is hard enough, whether residents are buying or renting. But a woman is speaking out after learning her rent will go up by around $500 next month.

There is currently a 2% vacancy rate in the city, but in a healthy market that number should be closer to 5%.

“I don’t know how anyone can afford it. And then having to try to move, to find something different, where else am I going to go,” said the single mother, who wished to remain anonymous for fear of reprisals.

The woman who lives on the west side of town said she had lived in her apartment for two years and was ready for a rent increase, but was shocked at how much it had gone up.

“It’s way more than 12%, which is pretty normal, but it’s way closer to 50%,” the woman said.

Before the increase, she said she was paying about $959 a month, but now she will pay more than $1,400.

“I will try to work 60 hours a week. The girls there, they felt bad, they felt bad…they said there was nothing we could do, everyone was feeling it, I didn’t expect to feel it so bad,” he said. she declared.

A notice from the apartment complex claims that the prices are increasing every day.

“It’s cheaper for me, it says here, to be here for six months, they want me out because they want to renovate it so they can charge more,” the woman added.

And with virtually no vacancies, someone would fill their position at the complex almost immediately.

“Probably 5-10 people in their office have lined up wanting a space, so they’re feeling this outside pressure from people who want these units and so to get things done, they’re passing on the cost,” Dejan Eskic said.

Eskic, who specializes in housing and real estate research, said while house prices took off at the start of the pandemic, rents have remained fairly stable. But in 2021, rents started to catch up.

“It’s uncharted territory in terms of rent growth, but at the same time when we look at the demographics, the demand and the lack of supply, it makes sense,” Eskic said.

Lack of manpower, lack of lumber, lack of inventory are all contributing factors and will certainly not have an overnight solution.

Eskic said if you can, become an advocate for more housing in your community.

“Another thing that’s holding us back is us, when we see more housing on offer, we tend to oppose it,” Eskic said. “Some of our stereotypes and misconceptions about density just aren’t true, they’re leftovers from the bad government projects of the 70s and 80s, and that’s really changed in the last 10 to 15 years.

FOX 13 News has contacted the apartment complex where the rent increases are scheduled. The employees wouldn’t comment on camera, but said what they were doing was completely legal and was just in response to current market conditions.

Eskic said nationally about 16% of renters are behind on rent, but in Utah that number is closer to just 6%.

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Salt lakes real estate

Searching for a Home in Canada: Weathered Steel on Nova Scotia’s Shores

The gatehouse shed has bare stud walls, with a wood-burning stove and daybed under a pair of large timbers attached to the wall. An outdoor BBQ and pizza oven are built into an exterior stone wall and a hot tub is built into a granite-paved patio.

The property – one of several dozen designed by Mr MacKay-Lyons as part of a new village on the site – is a 10-minute walk from Hirtle Beach and Gaff Point, a hiking trail from 4.3 miles in a nature reserve on a narrow peninsula jutting out into the Atlantic. Restaurants, cafes, bakeries and shops can be found near Rose Bay, LaHave and West Dublin across the LaHave River.

The property is 13 miles from the port town of Lunenburg, a British colonial settlement planned in 1753 and a UNESCO World Heritage Site, with colorful buildings along its waterfront and restaurants, distilleries, the city’s distinctive breweries, artisans and shops. Big box stores are 20 minutes away in Bridgewater. Halifax, the capital and largest city of Nova Scotia, is 75 miles away and Halifax Stanfield International Airport is 80 miles away.

The pandemic has boosted Nova Scotia’s housing market, which had been buzzing for years.

An initial shutdown of a few months was followed by a “rush of people” from Toronto and other Canadian urban centers, said John Duckworth, broker and co-owner of Duckworth Real Estate. “Properties were being scavenged at lightning speed,” he said, with many sold unseen.

Donna Malone, president of the Nova Scotia Association of Realtors, noted that Nova Scotia has offered a relaxed, low-density environment for remote workers. “Large family homes, which had been a bit depressed, became popular with buyers, as did waterfront properties,” Ms Malone said.

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Salt lakes real estate

Why buying a house in the middle of winter was a smart move

Image source: Getty Images

There are advantages to buying or selling a house in any season, including winter.


Key points

  • Conventional wisdom says that buying a house in the winter is a bad idea. Conventional wisdom is sometimes wrong.
  • Less competition can lead to lower prices and more flexible terms.

My husband and I don’t always decide when it’s time to move. Throughout our marriage, we followed our careers wherever they took us. Sometimes we liked where we landed, and sometimes we felt like aliens planted in a world we didn’t understand. We’ve gotten used to buying and selling homes through it all, no matter what time of year we find ourselves moving.

Now, as we consider another move, I remember all the times we were told that winter was a terrible time to sell or buy a house. Given how well mid-winter buying has worked for us, I wonder who is making up these rules.

Move to Iowa

Moving to northwest Iowa was my husband’s idea, a chance for him to take on a leadership role. The first time I hunted a house there, a blizzard reduced visibility to inches and the whole town looked like an out of this world scene. game of thrones. And yet, I was excited. We had sold our last house to pay for college, and I missed having a place of our own.

We bought the first house we visited. Why? Because the owners had already moved out, it was the middle of winter, and they were more than accommodating. It’s not like other home buyers were flocking to a small town in northwest Iowa that month, and frankly, the lack of competition helped us get a well-maintained home at a price advantageous. Sales people were crazy about the color blue, and it was everywhere (including the walls and carpet), but those were cosmetic issues that we were happy to change. Did I mention the bargain price?

The following summer, as house hunters began to compare one home’s appeal to another, we were already settled into our home.

Here is what this experience taught us:

It’s the bones that matter

Curb appeal can be overstated, especially when it comes to flowers, trees, and bushes. We were drawn to the look of the house from the street. The seller made a smart move by leaving pictures of what the yard looked like in the spring, but even if the snow melted to reveal a messy yard, it was something we could handle. The house had good bones, and in the end, that’s what counted.

Winter closings are faster

Before buying the house, my husband was alone in Iowa. I stayed with the children until we had a home and a school for them. Because there were so few house closings at the time, the mortgage lender completed ours at lightning speed, and we didn’t have to live in different states for long.

Read more: How to buy a house

Move to Michigan

I believe the snow was two feet deep when we moved to Michigan. Again, the sellers had already moved and were eager to unload their old home. It had been on the market for months with no takers, and it didn’t look like spring was coming to central Michigan anytime soon. Here we are from out of state, eager to get into a home and ready to make a deal.

Having just retired, the previous owners worried about low interest rates and what those low rates would mean for their retirement savings. To put things into perspective, mortgage rates at the time were around 7.5%. FDIC-insured investments, such as certificates of deposit (CDs), earn about 3% interest. The sellers knew that if we took out a traditional mortgage on the property, we would pay 7.5% interest, the kind of return they were hoping to collect.

So we made a deal. Rather than borrow money from a bank, the previous owners financed the house. Instead of making monthly payments to a traditional lender, we made monthly payments to previous owners at the same interest rate we would have paid to a bank. This was more than double the rate owners would have earned on a federally insured investment product, and since we didn’t have to pay closing costs, we saved money upfront. By the time we refinanced a traditional mortgage a few years later, the property had risen enough in value to make it easier to appraise the house.

Here is what experience has taught us:

The winter market is less frenetic

It was a big house. It had five bedrooms, three bathrooms, and sat on one of the only lakes in the county. If it had been on the market during the warmer months, I am sure there would have been heavy foot traffic in the house. There were so few people touring in the dead of winter that we were able to strike up a conversation with the owners, which led to a deal that benefited both of us.

Agents are less busy

Given the wrangling that led to a deal being struck with the previous owners, I’m still a little surprised at how easy the whole process ended up being. We had a real estate agent who acted like we were his only clients. In addition to helping us better understand how an owner finance arrangement works, she went out of her way to introduce us to the area. I can’t imagine how she could have offered the same level of service during the busier months.

The next time you read an article outlining why buying or selling a house in the winter is a bad idea, I hope you take it with a grain of salt.

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Salt lakes real estate

Pamplin Media Group – Retrospective: Following the travels of Mrs. HM Franklin

Through the Pioneer Records: Highlights of His Coast-to-Coast Adventure in 1922

100 YEARS AGO

Continuation of Mrs. HM Franklin’s Travelogue

Arizona

From our Pullman we look out over a sandy desert with all kinds of cacti, the giant cactus that sometimes exceeds forty feet, tall and palm-like, other cacti, feathery and with many branches. There are no less than twenty-eight varieties of cacti on the Apache Trail that leads to the San Carlos Indian Reservation. The natives make mescal, a whiskey-like drink, from the cactus, and if someone gets lost in the desert, they can find enough moisture in the cactus to sustain life for quite some time.

In Arizona there are interesting prehistoric ruins, ancient cliff dwellings built like swallows’ nests in the niches of the canyon walls. On the crest of one of the very high Chiricahua Mountains, the distinct profile of an Indian looks down. This is known as Cochise Head, named after the fierce Apache chief who so long defied the whites. At Geronimo, the railroad enters the Indian reservation where 5,000 Apaches have peaceful homes and have forgotten the cruelty for which their tribe was known.

Tucson is well known as a place for people seeking health, its altitude and mild winter climate being particularly favorable. There are nearby scenic peaks and seaside resorts that offer many attractions. The city site is visited in 1540 by Coronado, and throughout the Tucson area are prehistoric ruins. The Casa Grande Valley is home to the most interesting historical ruins which, according to Von Humbolt, were one of the Aztecs’ stopping places during their migration from Asia to the Valley of Mexico.

Yuma

The government has an extensive irrigation system in Yuma which is on the Colorado River. It is good dairy country, much cotton is produced and fruit and dates are successfully grown and as a winter resort it must be delicious. But in July, Yuma is honestly said to be the hottest place in the United States. Indian women are busy with all kinds of beaded items for sale. They wear thick, warm shawls on their heads, and we can’t help wishing they knew the ‘poor blind Hindu, who for clothing makes his skin’.

You’ve heard of the famous “hot cakes” that go so fast, but in this case they’re hot ice cream cones that melt before we have time to eat them.

A warm breeze cuts your flesh and the sun does its hard work. We rode the full length of the long train back to our Pullman after getting off at Yuma. In the passenger car were Negroes, Mexicans, Japanese and other foreigners, all mixed with white tourists. There were many children who wore samples of real estate on their hands and faces. Most of them were eating and those who weren’t were shouting in varying tones.

California

Leaving Yuma, we cross the Colorado River and enter California, that state famous for its beautiful landscapes, magnificent fruits and flowers, and which is the playground of a large crowd of visitors. Our time is changed again and moved back one hour, the third time we have moved back.

Imperial Valley

The Imperial Valley is called the “Dixieland of the West”. Diverted water from the Colorado has transformed the valley into a prosperous agricultural district. Key products are: Durango long staple cotton, alfalfa, barley, oats, wheat, milo corn, melons, grapes, hemp, apricots, canteloupes, olives, grapefruit and honey. Pigs, turkeys, cattle and sheep are raised with great success and quantities of butter are shipped.

Salton Sea

For sixty miles we ride close to the shores of the Salton Sea which has quite an interesting history. In 1906, the Colorado River got tired of the monotony of going on forever like the creek, so the river ran away and found a new home in a great bed of salt. For two years the river lay here, and then, through skillful engineering and the expenditure of about three million, the prodigal was enticed to return to his former home. Palm Springs is a great vacation spot for people with tuberculosis and one of the victims who was on the train, when asked to board and join the tourists, said very sadly, “J just wish I could go.

Our youngsters had found a fun party and together they kept things lively with mandolin music, community songs, games, kodaking and all kinds of fun. The brakeman for part of the trip was angry and unaccommodating and objected to the youngsters being on the platform. When he got off the train, he was standing with the new one who had taken his place, but had changed his cap and his coat for citizens’ clothes, so that the young people did not know him. One of the boys said to the new brakeman in the presence of the old one: “We’re glad you’re coming because we want to get rid of that grumpy old man.” Then the others chimed in, “He was as mean as he could be and wasn’t even smiling.” The new man let them have a good time, and they jumped and bought ice cream cones every time the train stopped and played every game from “up jinks”. Four boys and a girl who had been in the band since we left New Orleans broke up with us in Los Angeles and we hated to see the happy party dissolve. They presented the nice brakeman with fine cigars, as an expression of their appreciation.

Los Angeles

“From all heights green sights catch the sweetest sea of ​​blue,

And a myriad of flowers leap to match the varying hue of the rainbow.

Los Angeles is truly the land of cloudless skies because there is never a cloud during the dry season. The climate is said to be mild all year round, the climate that produces hedgerows of calla lilies at Christmas and supplies the table in the Yuletide season with luscious strawberries. There are over four hundred miles of paved and leveled streets, all of which are beautifully clean public buildings, and many beautiful parks. These parks contain picturesque lakes with boats always full of people seeking pleasure, magnificent trees like the Australian flame tree with its bright purple flowers. The velvety lawn provides plush sofas for hundreds of people who rest in sequestered nooks all around the parks. The tunnels go under the streets with tall buildings above the brightly lit tunnel. A rather unique little car called “Angel’s Flight” whisks you to the top of the tunnel for five cents, remarkably cheap for such a flight.

The picturesque little old chapel, consecrated in 1822 and known as the Plaza Church, marks the center of the old village, and from its title which can be seen on the facade “Nuestra Senora la Reine de los Angeles”, we find the origin of this magnificent city. The small mission was founded in accordance with Spain’s plans to Christianize and civilize the Indians of California.

The inhabitants have become so accustomed to the earthquakes that sometimes shake the city, that they are not as panicked as we would be who live near the Atlantic coast. A resident of Los Angeles told us that once last year he was leaning against a huge public building downtown when suddenly the building leaned back and left him. The earthquake was mild and did very little damage at the time, so outside newspapers said little about it.

The beauty of the flowers that garland and crown the city until it looks like a mammoth bouquet, is beyond description. Brilliant scarlet geraniums reach so high that birds make nests among their flowers and in the residence section are so common that clothes are hung to dry on their branches. The houses are encrusted with flowers of geraniums, tuberoses, garlands of wisteria, while the roses in their ambition to reach the tops of the chimneys slumber everywhere on the roofs. Many elegant mansions have pergolas adorned with flowers, and every cottage, no matter how small, is blooming with flowers whose fragrance permeates the entire atmosphere.

Los Angeles is the home of cinema and many picture companies have their establishments in or near the city. These places are of great interest to all visitors. Los Angeles, with its fruits and flowers, leaves the traveler with lasting memories of sunshine and perfume.

To be continued next week


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Salt lakes real estate

Coming out of pandemic but facing dwindling population, Bay County leaders deliver state of the community address

BAY CITY, MI — Bay County leaders and stakeholders gathered at the Double Tree this week for lunch to reflect on their communities and the future they face together.

The 22nd annual State of the Community event took place on Tuesday, February 15, 2022. About 300 people registered for the event, according to organizers, making it one of the largest Chamber events since the onset of the COVID-19 pandemic. The 2021 event was held virtually due to the pandemic.

As 2022 approaches, Bay County leaders have focused on the challenges ahead and the strengths and strategies that communities have to meet those challenges. Bay City Manager Dana Muscott and Bay County Manager Jim Barcia were the keynote speakers for the event.

“Bay City is emerging for the pandemic and is ready for positive, transformational change,” Muscott said.

Back to 2021

2021 has been an eventful year for Bay County, with the return of several festivals and the introduction of new attractions for visitors and residents. Another major event in 2021 was the deployment of the COVID-19 vaccine in Bay County. Barcia applauded the efforts of the Bay County Health Department during his state of the community address.

“I am proud of the Bay County Health Department and their diligent work on behalf of our residents,” he said. “Our Public Health Officer, Joel Strasz and his team have overcome every obstacle they have faced during this pandemic.

Barcia explained how the health department was facing difficulties such as low supply and high demand for vaccines while facing the challenge of how to roll out vaccination clinics for thousands of people while ensuring social distancing. .

“The Bay County Health Department provided more than 50,000 of the more than 110,000 voluntary vaccines our residents received in 2021,” Barcia said. “It’s an incredible achievement.”

Several companies also announced major investments in Bay County and Bay City. Semiconductor wafer maker SK Siltron CSS announced this summer that it plans to invest $300 million and in turn create up to 150 high-paying skilled jobs in Bay County over the next three years. Brine mining company Wilkinson Minerals announced this year that it would invest $150 million in a salt brine operation. Additionally, Michigan Sugar announced this year that it would invest $65 million to build a desurgarization facility at its plant at 2600 S. Euclid Ave. in Monitor Township of Bay County.

“The colossal investment that these 3 organizations will put into our community is nothing short of spectacular,” Barcia said. “Bay Future and the Chamber will continue to have my full support as they continue to progress towards growing our business base and our employment opportunities.”

Another type of investment has also been noted for Bay City – the real estate market is becoming more active. Muscott also noted that home sales increased significantly in the city in 2021.

“I announced last year that more homes were sold in Bay City during the pandemic than in the past five years. Well, that record has been broken again,” Muscott said. of 13 in Bay City have been sold, equating to a total of $80 million, with a median sale price of $82,000 One thousand homes sold in 2021, 53 of those homes were rental properties that were converted as owner-occupiers.

Federal funding for the future

A major focal point that Muscott and Barcia focused on was the major federal funding windfall the county and city received from the American Rescue Plan Act (ARPA). Bay County received $20 million in ARPA funding while Bay City received a separate award of $31,076,578.

“I think most of us can agree that we won’t see comparable funding of this nature in the foreseeable future, and every municipality has a unique opportunity to make an impact and affect lasting change in their community. “, Barcia said.

Bay County’s latest ARPA Dollars allocation is aimed at addressing a pressing issue looming for Bay County. A recent population forecast calls for a smaller, older Bay County. The Bay City Times previously reported that a population forecast presented by the Great Lakes Bay Michigan Works! The organization shows that Bay County recorded 103,856 residents in 2020 with an estimated population for 2025 expected to decline to 100,187.

The forecast showed a continuing downward trend to 94,759 residents in 2035 and 86,280 in 2045. The Bay City Times previously reported that Bay County is expected to experience a 19% population decline between 2020 and 2045, with a 27% reduction in the active population during the same period. Click here to learn more about the population forecast for Bay County.

“As the oldest county per capita in the state of Michigan, forecasting a smaller population as well as a smaller workforce over the next 25 years demands our attention,” said barcia. “When our population declines, we lose more than community members. Much state and federal funding is tied to population – for example – per-pupil grant funding to our schools, state and federal revenue sharing, and highway funding all depend on our population.

Bay County is moving forward to address these concerns through a strategic partnership with Bay Future to implement three different economic development proposals, Barcia said. Through its ARPA funding pool, the Bay County Board of Commissioners awarded Bay Future $2 million for the project. The project will include small business grants, a small business support program in coordination with SVSU’s Small Business Development Center, and a talent attraction and retention initiative.

“The intention is to turn the prediction of population loss into growth,” Barcia said.

According to Barcia, Bay County also allocated $300,000 to Boys and Girls Clubs in Essexville and Pinconning for after-school care, $150,000 for initial broadband needs assessment work and $750,000 in funding to support local nonprofits through a partnership with the Bay Area Community Foundation. .

The Bay City Commission had split into subcommittees at the end of 2021 to discuss how to use its ARPA funding pool of more than $31 million. So far, the commission has approved allocations for various programs and projects throughout the city.

“I must commend the City Commission for taking the time to strategically plan, collaborate to maximize our resources, and engage our public through civic engagement to transform our community,” Muscott said.

Recently, the commission approved an allocation of $5,996,572 to fund 15 different road repair projects across the city on its Monday, February 7. The city also created a $1 million program where approved applicants receive a one-time grant of up to $3,000 per household to pay for overdue utilities and rent or mortgage payments. About $2 million has been allocated to create a three-pronged home repair program for residents as well.

In addition, the city also recently launched a $300,000 Small Business Relief Program using ARPA funds and over $700,000 in funding has been earmarked for immediate community needs.

“Our challenges are great, the road is long and there is so much work to do,” Muscott said. “But, Bay City, we are ready.”

More from MLive

Bay County awards $2 million in ARPA funds to Bay Future to help small businesses

A year of festivals, vaccines and scooters; look back on 2021 in Bay City

Find out how the new redistricting maps could impact Bay County

‘Let’s get the money out,’ commissioner says as Bay City nears vote on ARPA proposals

‘We are strong in Bay City,’ says city manager during 2021 State of the Community Address

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Salt lakes real estate

Legal Cases: News from across NH

Megane Charpentier

Megane Charpentierdean of University of New Hampshire Franklin Pierce School of Right for four years, has been reappointed, the school said. Carpenter, who joined the institution in 2017, is also a full professor there.

The school said that under Carpenter’s leadership, it increased total enrollment by 243%, from 210 to 512 students, and quadrupled the number of minority students, with a current incoming class. at 21% ethnic and racial diversity, making it the most diverse school in the University of New Hampshire system. Carpenter was also praised for reinvigorating the Franklin Pierce Center for Intellectual Property, launching new programs, and hiring a new director.

Dyer named winner of the Nixon-Zachos Prize

The New Hampshire Bar Foundation announced that Rodney Dyer, formerly of Westcott Law, is the 2022 recipient of the annual Nixon-Zachos Award, which is given to a lawyer who exemplifies lawyers both in practice and in their community. Dyer has played a major role in real estate and condominium development in central New Hampshire for over 35 years. He also has experience assisting clients with estate planning and estate administration.

Dyer will be honored at a dinner at Manchester Country Club on Tuesday April 12. For more information about the event, visit nhbarfoundation.org.

Willey named to board

Lakes Region Community Developers, Laconia, has announced that attorney Leigh Willey has joined its board of directors. Willey is currently the New Hampshire Underwriting Attorney for CATIC, which provides professional services to policy-issuing attorneys, insured lenders and buyers, and other members of the real estate community. Previously, she was a founding member of Boutin Law PLLC, where she focused on property closings, general litigation, corporate law and related legal matters.

SBDC and Tech Alliance offer free cybersecurity assessments

The NH Small Business Development Center and the NH Tech Alliance jointly announced a new program to provide free one-on-one cybersecurity reviews and training to businesses with up to 500 employees. The program will also include a one-on-one counseling appointment with a cybersecurity expert to discuss their cybersecurity maturity and receive an assessment with actionable steps companies can take to start protecting their business immediately.

To participate in the program, companies must apply and register to become an NH SBDC customer.

Participating cybersecurity consultants are Diana Kelley, co-founder of SecurityCurve, Christina Stokes, vice president of operations at Salt Cybersecurity, Craig Taylor, co-founder of Cyberhoot, and Ty Mezquita of Cyberhoot and Raf Boquetti, both also of Cyberhoot .

More information about the program and how to apply is available at nhsbdc.org/cybersecurity/reviews

Downs Rachlin Martin adds attorney

Daniel Jacobs joined the law firm Downs Rachlin Martin PLLC, working in the firm’s business law group in Burlington, Vt. He previously practiced as an investment management partner at Akin Gump, an international law firm in Washington, DC, where he focused on building and operating domestic and international private equity funds. DRM has offices in Vermont and New Hampshire.

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Salt lakes real estate

Deal Digest: AM sold in Dallas, Atlanta and Miami. | story

STATION SALES

Miami-Ft. Lauderdale — Marc Paskin’s Marco Broadcasting has filed a $1.25 million deal to buy commercial “Money Talk Radio” talk show WWNN (1470) from Beasley Media Group. The deal also includes translator W237BD licensed in Boca Raton, FL at 95.3, and translator W245BC licensed in Lauderdale Lakes, FL at 96.9. Beasley does not have any other stations on the market. Paskin is a millionaire real estate developer from San Diego, best known for appearing on ABC-TV’s “Secret Millionaire” reality show. He currently has no other radio station assets. His company previously operated KXXP White Salmon, WA (104.5) under an LMA with then-station owner Sebago Broadcasting. Previously owned the old KBUD Denver (1550). Broker: Hadden & Associates

Dallas-Ft. Value –Jon Garrett has filed a $1.05 million deal to buy the KBEC country classic (1390) from James and Ann Phillips. The deal also includes licensed translator Waxahachie, TX K256DE at 99.1 FM. Garrett does not own any other stations. Broker: Dave Manchee

Roanoke-Lynchburg, Virginia — Gary Burns’ 3 Daughters Media has filed a $325,000 deal to buy Todd Robinson’s classic hits “Oldies 103.9” WHTU. The deal includes a $300,000 promissory note. Burns will operate WHTU under a local marketing agreement until closing. It already has three stations in the market, including talk WIQO (100.9), news-talk WGMN (1240). and WVGM sports (1320). Robinson earlier sold most of its stations in the Roanoke-Lynchburg market to Mel Wheeler Inc. for $330,000. Once the sale of WHTU closes, it will leave Robinson with the adult alternative “The Mountain 101.5” WVMP.

Salt Lake City –Iglesia Pentecostal Vispera del Fin has filed a $300,000 deal to buy KWLO, Springville, UT (1580) from Brantley Broadcast Associates. The deal also includes the Provo, UT K260DS-licensed translator at 99.9 FM. The sale includes a $250,000 promissory note. Iglesia Pentecostal Vispera del Fin will operate KWLO under a time-to-closing brokerage agreement. The religious broadcaster also entered into a separate $25,000 deal to buy KPVO, Fountain Green, UT (99.9) from Brantley Broadcast Associates. The stations will become the first in Utah for Iglesia Pentecostal Vispera del Fin.

Portland, OR –Jacqueline Smith-Crittenden has filed a $250,000 deal to buy Cindy Wyant Smith’s talk show KSLM (1220) in a rare mother-daughter radio deal. The transfer also includes the Salem licensed translator, OR K282BY at 104.3 FM. The record indicates that the purchase price was paid in sweat equity. Smith-Crittenden is currently Managing Director of KSLM.

Louisiana — Ericka Taylor has filed a $175,000 deal to buy classic hits WABL, Amite, LA (1570) from Second Line Media. The deal also includes licensed translator Amite, LA K247BJ at 97.3 FM. Taylor does not own any other stations.

Indiana — George and Della Mammarella have filed a $149,270 deal to buy hot AC “K-99.3” WKVI-FM, Knox, IN; classic hits “Max 98.3” WYMR, Culver, IN; and “All News AM 1520” WKVI, Knox, IN from Kankakee Valley Broadcasting Co.

Atlanta — Hispanic Family Christian Network has filed a $35,000 deal to purchase the currently silent WAZX (1550) from Intelli. Atlanta is a new market for Dallas-based Hispanic Family Christian Network, which has 14 other full-strength stations and several translators, mostly in Texas.

TRANSLATOR SALES

New York — Seven Mountains Media has filed a one-dollar deal to purchase Wellsville, NY-licensed translator W267DF at 101.3 FM from Family Life Ministries. Translator simulcasts Seven Mountain Media country “95.7 The Pig” WPIG-FM, which he acquired in a three-way deal last year with the Ministries of Family Life and Sound Communications.

CLOSURES

Ohio –Brent and Danielle Selhorst’s Buzzards Media have reached a $1.3 million deal to buy AC WCSM-FM (96.7) and WCSM Adult Standards (1350) in Celina, OH from Hayco Broadcasting of John and Claudia Coe . The deal also includes licensed translator Celina, OH W262DC at 100.3 FM. The deal includes $1.01 million in vendor financing. Brent Selhorst has been WCSM’s Director of Programs for eight years. He also hosts the station’s morning show.

Texas – Tiffiny Spearman and Kristi Spearman’s Zulu Com have reached a $300,000 deal to buy KYYK Country (98.3) and KNET Talk (1450) in Palestine, TX from Tomlinson-Leis Communications. The deal also includes licensed translator Palestine, TX K239AM at 95.7 FM which simulcasts KNET. Vendor Edward Tomlinson does not own any other stations. Broker: Bill Whitley, Media Services Group

North Dakota – Wes Glass’ GlassWorks Broadcasting has reached a $200,000 deal to buy AC “The Mix 105.7” KDXN, South Heart, ND from Totally Amped. The sale includes a $160,000 promissory note.

Colorado — Roaring Fork Broadcasting has reached a $175,000 deal to purchase two stations and four FM translators from BS&T Wireless in the Aspen area. Stations include CHR “Hot 100.5” KGHT and classic hits “Thunder 93.5” KTND. Translators include the Old Snowmass, licensed CO K226BV at 93.1 FM; the Glenwood Springs, under CO license K226CD at 93.1 FM; and the Aspen, CO-licensed K226BU at 93.1 – all three simultaneously broadcasting KGHT. The fourth translator is Aspen, licensed CO K261EG at 100.1 FM which simulcasts KTND. The deal includes a $130,000 promissory note.

Florida – South of Tallahassee, East Bay Broadcasting of Lena and Michael Allen has reached a $160,000 deal to buy the WOCY variety, Carrabelle, FL (106.5) from Live Communications. The deal includes a $142,500 promissory note. East Bay Broadcasting already owns the former “Oyster Radio 100.5” WOYS, Apalachicola, FL. It has operated WOCY under a local marketing agreement since March 2021. Live Communications still owns gospel WTAL (1450) in the Tallahassee market.

Greensboro-Winston-Salem-High Point, North Carolina –The Delmarva Educational Association has reached a $100,000 deal to buy “The Light” gospel WEAL (1510) from Truth Broadcasting. With the sale, Truth Broadcasting still owns “The Cross” gospel WPET (950) and “The Light” gospel WPOL/WKEW (1340/1400) in the Greensboro-Winston-Salem-High Point market.

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Salt lakes real estate

Deal Digest – February 10, 2022 | Summary of transactions

STATION SALES

Miami-Ft. Lauderdale — Marc Paskin’s Marco Broadcasting has filed a $1.25 million deal to buy commercial “Money Talk Radio” talk show WWNN (1470) from Beasley Media Group. The deal also includes translator W237BD licensed in Boca Raton, FL at 95.3, and translator W245BC licensed in Lauderdale Lakes, FL at 96.9. Beasley does not have any other stations on the market. Paskin is a millionaire real estate developer from San Diego, best known for appearing on ABC-TV’s “Secret Millionaire” reality show. He currently has no other radio station assets. His company previously operated KXXP White Salmon, WA (104.5) under an LMA with then-station owner Sebago Broadcasting. Previously owned the old KBUD Denver (1550). Broker: Hadden & Associates

Dallas-Ft. Value –Jon Garrett has filed a $1.05 million deal to buy the KBEC country classic (1390) from James and Ann Phillips. The deal also includes licensed translator Waxahachie, TX K256DE at 99.1 FM. Garrett does not own any other stations. Broker: Dave Manchee

Roanoke-Lynchburg, Virginia — Gary Burns’ 3 Daughters Media has filed a $325,000 deal to buy Todd Robinson’s classic hits “Oldies 103.9” WHTU. The deal includes a $300,000 promissory note. Burns will operate WHTU under a local marketing agreement until closing. It already has three stations in the market, including talk WIQO (100.9), news-talk WGMN (1240). and WVGM sports (1320). Robinson earlier sold most of its stations in the Roanoke-Lynchburg market to Mel Wheeler Inc. for $330,000. Once the sale of WHTU closes, it will leave Robinson with the adult alternative “The Mountain 101.5” WVMP.

Salt Lake City –Iglesia Pentecostal Vispera del Fin has filed a $300,000 deal to buy KWLO, Springville, UT (1580) from Brantley Broadcast Associates. The deal also includes the Provo, UT K260DS-licensed translator at 99.9 FM. The sale includes a $250,000 promissory note. Iglesia Pentecostal Vispera del Fin will operate KWLO under a time-to-closing brokerage agreement. The religious broadcaster also entered into a separate $25,000 deal to buy KPVO, Fountain Green, UT (99.9) from Brantley Broadcast Associates. The stations will become the first in Utah for Iglesia Pentecostal Vispera del Fin.

Portland, OR –Jacqueline Smith-Crittenden has filed a $250,000 deal to buy Cindy Wyant Smith’s talk show KSLM (1220) in a rare mother-daughter radio deal. The transfer also includes the Salem licensed translator, OR K282BY at 104.3 FM. The record indicates that the purchase price was paid in sweat equity. Smith-Crittenden is currently Managing Director of KSLM.

Louisiana — Ericka Taylor has filed a $175,000 deal to buy classic hits WABL, Amite, LA (1570) from Second Line Media. The deal also includes licensed translator Amite, LA K247BJ at 97.3 FM. Taylor does not own any other stations.

Indiana — George and Della Mammarella have filed a $149,270 deal to buy hot AC “K-99.3” WKVI-FM, Knox, IN; classic hits “Max 98.3” WYMR, Culver, IN; and “All News AM 1520” WKVI, Knox, IN from Kankakee Valley Broadcasting Co.

Atlanta — Hispanic Family Christian Network has filed a $35,000 deal to purchase the currently silent WAZX (1550) from Intelli. Atlanta is a new market for Dallas-based Hispanic Family Christian Network, which has 14 other full-strength stations and several translators, mostly in Texas.

TRANSLATOR SALES

New York — Seven Mountains Media has filed a one-dollar deal to purchase Wellsville, NY-licensed translator W267DF at 101.3 FM from Family Life Ministries. Translator simulcasts Seven Mountain Media country “95.7 The Pig” WPIG-FM, which he acquired in a three-way deal last year with the Ministries of Family Life and Sound Communications.

CLOSURES

Ohio –Brent and Danielle Selhorst’s Buzzards Media have reached a $1.3 million deal to buy AC WCSM-FM (96.7) and WCSM Adult Standards (1350) in Celina, OH from Hayco Broadcasting of John and Claudia Coe . The deal also includes licensed translator Celina, OH W262DC at 100.3 FM. The deal includes $1.01 million in vendor financing. Brent Selhorst has been WCSM’s Director of Programs for eight years. He also hosts the station’s morning show.

Texas – Tiffiny Spearman and Kristi Spearman’s Zulu Com have reached a $300,000 deal to buy KYYK Country (98.3) and KNET Talk (1450) in Palestine, TX from Tomlinson-Leis Communications. The deal also includes licensed translator Palestine, TX K239AM at 95.7 FM which simulcasts KNET. Vendor Edward Tomlinson does not own any other stations. Broker: Bill Whitley, Media Services Group

North Dakota – Wes Glass’ GlassWorks Broadcasting has reached a $200,000 deal to buy AC “The Mix 105.7” KDXN, South Heart, ND from Totally Amped. The sale includes a $160,000 promissory note.

Colorado — Roaring Fork Broadcasting has reached a $175,000 deal to purchase two stations and four FM translators from BS&T Wireless in the Aspen area. Stations include CHR “Hot 100.5” KGHT and classic hits “Thunder 93.5” KTND. Translators include the Old Snowmass, licensed CO K226BV at 93.1 FM; the Glenwood Springs, under CO license K226CD at 93.1 FM; and the Aspen, CO-licensed K226BU at 93.1 – all three simultaneously broadcasting KGHT. The fourth translator is Aspen, licensed CO K261EG at 100.1 FM which simulcasts KTND. The deal includes a $130,000 promissory note.

Florida – South of Tallahassee, East Bay Broadcasting of Lena and Michael Allen has reached a $160,000 deal to buy the WOCY variety, Carrabelle, FL (106.5) from Live Communications. The deal includes a $142,500 promissory note. East Bay Broadcasting already owns the former “Oyster Radio 100.5” WOYS, Apalachicola, FL. It has operated WOCY under a local marketing agreement since March 2021. Live Communications still owns gospel WTAL (1450) in the Tallahassee market.

Greensboro-Winston-Salem-High Point, North Carolina –The Delmarva Educational Association has reached a $100,000 deal to buy “The Light” gospel WEAL (1510) from Truth Broadcasting. With the sale, Truth Broadcasting still owns “The Cross” gospel WPET (950) and “The Light” gospel WPOL/WKEW (1340/1400) in the Greensboro-Winston-Salem-High Point market.

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Utah economy

Mayor of St. George gives first state of town – St George News

ST. GEORGE- It has been two years and three days since the last State of the City address was given, St. George Mayor Michele Randall said Tuesday afternoon as she began the 2022 address at the Dixie Convention. Center.

St. George Mayor Michele Randall delivers his first State of the City address at the Dixie Convention Center, St. George, Utah, February 8, 2022 | Photo by Mori Kessler, St. George News

“A lot has changed since then,” Randall said. “No one could have ever predicted a global pandemic on the scale we had. …And neither could we predict that a pandemic would make everyone want to move to Utah, including our little one. corner of paradise.

Growth and the pandemic have brought challenges to the city, but with those challenges came the opportunity to “come out stronger and better and with optimism to meet all of those challenges,” the mayor said.

“Start treating it like liquid gold”

The issue that took center stage at the start of the speech was water and the need to conserve it.

Large blue barrels representing nearly 1,000 gallons of water were stacked on either side of Randall on the stage. A large price tag listed the average cost to St. George water users for every 1,000 gallons they use in a month: $1.10.

“When you think about it, it’s really cheap,” Randall said, adding that heavy water users who use more than 45,000 gallons end up paying $3.65 per 1,000 gallons.

Barrels of water at the City of St. George’s state address in 2022 amounted to nearly 1,000 gallons of water, which the city charges average water users $1.10 per month. Mayor Michele Randall said if residents don’t get smarter with their water use, the city may be forced to raise water rates to force water conservation, St. George , Utah, February 8, 2022 | Photo by Mori Kessler, St. George News

“It’s still very cheap, and we need to start treating it like liquid gold. If we don’t start getting smarter about conservation, we’re going to have to raise our rates, and we really don’t want to do that.

The region is currently in a state of moderate drought. It’s better than this time last year, Randall said, but conservation still needs to be observed. To help lead this process, the city has done its own conservation work, she said.

During the summer of 2021, the city was able to reduce its water use by 8.2% despite adding 1,900 new connections, Randall said, attributing the water savings to residents.

“It’s thanks to you,” she said. “So congratulations.”

Parks and golf course staff also managed to save more than 150 million gallons of water last year, she said, adding that about 10 acres of non-functional turf — that is, i.e. grass that appears to serve no purpose other than being mowed – is also in the process of being removed from city property so far.

“Watch Your Six”

Randall said public safety has always been a priority for her, and in this area she said that over the past four years the city has increased its fire and police forces by 70% and 30%, respectively. A campaign is currently underway to recruit additional police officers as continued growth makes additional officers needed, Randall said.

In this file photo, the St. George Fire Department responds to a structure fire on South 3000 East, St. George, Utah, August 31, 2021 | Photo by Cody Blowers, St. George News

In addition to the recruitment campaign, a safety campaign called “Watch Your Six” will also soon be launched by the St. George Police Department, she said. The campaign will focus on safe driving and how to avoid getting into a wreck.

The mayor also announced the construction or planning of new fire stations, including the following:

  • A fire station being built on Commerce Drive in the Little Valley area is set to go up for competition in May.
  • Station 1, which currently sits at 1000 East northeast of Dixie State University, will be replaced with a new station to be built at the corner of 400 East and 100 South where a Church chapel is located. of Jesus Christ of Latter Day Saints. . The church sold the building to the city. The old chapel, which has structural problems, will be demolished in the fall.
  • A property has been purchased in the Desert Canyons area for a future Station 10.

Growth, housing and transport

The themes of growth, economy and housing were entrusted to Shirlayne Quayle, director of economic vitality and housing for the city.

Quayle noted how St. George grew by more than 20,000 people between 2010 and 2020. The current population is estimated at around 95,000.

RiverWalk Village apartments in St. George, Utah are part of a feasible housing project overseen by the Switchpoint Community Center, October 30, 2020 | Photo by Mori Kessler, St. George News

After commenting on the growth, Quayle moved on to the city’s continued need for affordable housing.

“Housing is really a challenge in our community,” she said.

One way the city hopes to address the local housing crisis is through the Housing Action Coalition, Quayle said. It is a collaborative effort between the city, other municipalities, Washington County, homebuilders, developers, real estate agents and other stakeholders coming together with the goal of creating more accessible for St. George and county residents.

Quayle also pointed to the communities of Divario, Desert Canyon and Desert Color as developments that helped bring much-needed inventory to the housing market. The Switchpoint Community Resource Center and the Dove Center were also mentioned for their work in providing affordable housing for low-income individuals and families.

Economically, Quayle praised the city’s partnership with Tech Ridge. Located on the southern half of Black Hill, where the original airport was located, the 180-acre Tech Ridge development will be a mixed-use technology park designed to provide the city with well-paying tech jobs. The area is already home to Dixie Technical College and tech companies such as Vasion and busybusy, with more expected to expand in the near future.

St. George’s economy is already diverse, but Tech Ridge will help fill in the missing piece of technology development, Quayle said.

Road construction on 3000 East in St. George, Utah, date not specified | Photo courtesy of Dixie Regional Transportation Expo, St. George News

Turning to transportation infrastructure, Cameron Cutler, director of public works for the city, reviewed the completion of work on River Road last year, as well as ongoing work on the 3000 East Corridor, which is the most major city road project for the year.

Cutler also said the property was purchased on the west side of the 1450 East and River Road intersection. Securing the property is one of the first steps in the eventual creation of a new road linking River Road and Crosby Way near the Dixie Convention Center.

St. George Regional Airport is also updating its master plan to keep up with growth. This includes terminal upgrades to accommodate increased usage, which hit a record high last year with 130,000 flights departing St. George.

Events to come

A number of upcoming events were highlighted by the mayor when she returned to the stage.

Scheduled for February 27, St. George, along with other cities, will participate in a cleanup effort along Interstate 15. The event is sponsored by the nonprofit Love Where You Live which promotes the keeping Utah waste-free, Randall said.

The Gold Star Families Memorial, which has been in the works for over a year but has been delayed due to the pandemic and supply chain issues, has finally arrived in St. George and will be welcomed into St. George Square Town on March 20. at 11 o’clock

The city will also host a new series of Neighborhood Open Houses in 2022, featuring elected officials and city department heads responding to questions or comments from the public.

“This is where we bring the city to your neighborhood,” Randall said.

Neighborhood Open Houses will be held at SunRiver St. George (March 31), Thunder Junction All Abilities Park (April 28), Desert Color Clubhouse (September 8) and Vernon Worthen Park (October 13).

St. George Mayor Michele Randall talks to her constituents after her first State of the City address at the Dixie Convention Center, St. George, Utah, February 8, 2022 | Photo by Mori Kessler, St. George News

St. George, and Washington County as a whole, will also host the Ironman 70.3 World Championship and Ironman World Championship that year. Estimated to potentially generate up to $100 million in total, Randall said Ironman officials chose St. George over other locations because of the people here and the spirit of volunteerism.

Before ending the address for the year, Randall commented on the town’s slogan “The Brighter Side”.

“I think we feel in St. George that it’s a special place to live, and we want everyone to feel like they’re living on the good side of our community,” the mayor said, pointing to the audience. “We are on the right side thanks to each of you. We couldn’t do what we do without the wonderful residents of our community.

The City State 2022 address can be seen in full below.

Inasmuch asInasmuch asInasmuch as

Copyright St.George News, SaintGeorgeUtah.com LLC, 2022, all rights reserved.

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Salt lake city

Why the West Side’s political clout may increase in Salt Lake City

Victoria Petro-Eschler has always been interested in politics, but when the smell of smoke from a burning chemical-coated railroad bridge engulfed her home west of Salt Lake City in 2021 and she found no official answer, she decided it was time to make Sequel.

It was time to act.

“I could see stuff falling from the sky. You could feel it in the air. People were having headaches,” she said. “I just realized that getting the city to connect with our neighborhood in a way we care about is a skill, it’s an art, and the city needed help with that.”

So she ran for the Salt Lake City Council District 1 seat, which includes Rose Park and Jordan Meadows, and won.

Like Petro-Eschler, many others also eyed the two city council seats on the West Side last fall. In the end, eight candidates — three in District 1 and five in District 2 — were on the November ballot.

(Chris Samuels | The Salt Lake Tribune) Salt Lake City Councilwoman Victoria Petro-Eschler speaks at a press conference announcing a new ride-sharing service in conjunction with Salt Lake City and Utah Transit Authority for the west side of the city, Monday, Dec. 13, 2021.

This interest extended beyond political hopes to political donors.

In District 1, candidates raised $74,000 — a far cry from the millions racked up in some congressional races, but 13 times more than the $5,700 raised in 2017.

In District 2, which covers Fairpark, Glendale and Poplar Grove, contestants raised nearly $105,000, a whopping 850% jump from the $11,000 raised in 2019.

Various candidates emerge

Interest grew with no popularly elected incumbent seeking another term from the West Side.

District 1 Representative James Rodgers resigned in early October after already ruling out a third term. District 2 council member Andrew Johnston left in the spring to become the city’s director of homelessness policy and outreach. The board selected attorney Dennis Faris to fill this position. (Faris raced in the fall but failed to defeat eventual winner Alejandro Puy.)

This left the field open to a range of newcomers. New faces emerged from non-traditional backgrounds, often encouraged by specific organizations or individuals to come forward.

“A lot of people feel that we need to have a wider range of people running and getting elected,” said Matthew Burbank, a professor of political science at the University of Utah and a longtime Salt Lake City City Hall watcher. “And so I think there was a bit more value in having a diverse pool of applicants.”

The ranked voting system also eliminated the need for primaries and allowed candidates to continue running and raising funds until election day.

“As a result,” Burbank said, “I think what you’re likely to see is we’ll see more spending, given the nature of these types of elections.”

Voter turnout for District 1 has increased from 25% in 2017 to nearly 33%. Engagement has also increased, Petro-Eschler said, particularly on issues such as unresolved homelessness and soaring housing prices.

“There is optimism on the west side. And having choices makes people optimistic,” she said. “So now our job is to harness that optimism to remind those people that they are being heard.”

In District 2, however, turnout fell from 37% in 2019 to 29% last year.

“The municipal elections are difficult. It is sometimes difficult to hire certain people, especially in neighborhoods like mine where it is a popular neighborhood with a minority majority,” said Puy. “It’s not because people don’t care. It’s because of the challenges and barriers my community faces.

(Rick Egan | The Salt Lake Tribune) Alejandro Puy, District 2, says a few words after being sworn in as a member of the Salt Lake City Council, Monday, Jan. 3, 2022.

It was the political consultant’s first candidacy for public office. Puy prevailed after an exhaustive campaign that focused on knocking on doors and including Spanish speakers in the conversation.

One of his opponents, Nigel Swaby, who heads the Fairpark Community Council, doesn’t think there’s necessarily a growing interest in West Side politics. He credits the growth of fundraising to the ability to select new leaders without the challenge of incumbents. It also points to a demographic shift in the West Side neighborhoods.

“People who live here are wealthier than they were in the past because home values ​​have gone up so much,” Swaby said. “You have a lot of new blood, which will also increase participation, and that includes financially.”

Fears of gentrification

This real estate explosion leads to a new concern: gentrification.

“We have huge gentrification forces going on,” said Petro Eschler, who is also executive director of Salty Cricket Composers Collective, a cultural nonprofit. It can bring in new people to improve the fabric of West Side neighborhoods, she said. “But, if left unchecked, gentrification has left communities like mine in ruins and other towns.”

Puy, an Argentine-born and recently naturalized U.S. citizen who has made his understanding of the Latino community a guiding principle of his campaign, said he is seeing these neighborhood shifts — and not always for the better.

“A lot of Latin American families and minority families are moving out of the West Side because of gentrification and the cost of living,” he said. In a neighborhood where Hispanics often seek multigenerational homes, he added, the growing volume of small studio apartments won’t be enough.

“We have to work really hard to look where the city needs to look, because that’s where our families with kids are on the west side of Salt Lake City,” Puy said. “That’s where we have a disproportionate impact from the homeless shelter crisis that we have in our city. We still have some issues with crime.”

In the end, Salt Lake City has reached an important milestone: electing its most diverse city council in history. For the first time, most members (four out of seven) are racial and ethnic minorities. And, for the first time, a majority (four more) are openly LGBTQ.

What this historical diversity leads to City Hall remains to be seen. The trend of growing political interest on the West side, however, is set to continue with competition between candidates and potential challengers, according to Burbank in the United States, especially now that these new council members have shown the way. in the future. generations.

“Things that have motivated people to think about more diversity, to think about representing a wider range of people and on city council,” the political scientist said, “I don’t think that’s all going to go away.”

Salt Lake City Council. Top row, left to right: Ana Valdemoros; Amy Fowler; and Alexandre Puy. Center: Darin Mano. Bottom row, left to right: Chris Wharton; Dan Dugan; and Victoria Petro-Eschler.

Alixel Cabrera is a Report for America member of the corps and writes about the status of communities on the west side of the Salt Lake Valley for the Salt Lake Tribune. Your donation to match our RFA grant helps him keep writing stories like this; please consider making a tax deductible donation of any amount today by clicking here.

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Salt lakes real estate

The best (and worst) cities to buy a cup of coffee – 24/7 Wall St.

Coffee is the most popular drink in the United States – more than bottled water, soda or beer. Americans drink 656 million cups a day, according to a new report from the National Coffee Association. Although the pandemic has forced many people to make coffee at home, rates of out-of-home coffee consumption are once again on the rise. to augment and could soon reach pre-pandemic levels. (It will not fight the coronavirus, but here are 18 reasons to drink coffee for your health.)

There are over 37,000 cafes in the United States. From the nearest Starbucks corner to the French Patisserie, coffee lovers have plenty of coffee vendors to choose from; but the price of a cup of coffee can vary greatly from store to store and from city to city. (These are the best independent cafes in America.)

To determine the best (and worst) US cities for coffee lovers, 24/7 Tempo reviewed the report The Best Coffee Towns in America: 2022 Data of Clever Real Estate, a real estate agent matching service.

The 50 most populous metropolitan areas in the country were ranked according to criteria such as the average reported price of a cappuccino, the number of cafes per 100,000 inhabitants and the price of a daily cappuccino as a percentage of average income. The number of cafes per square mile and Google Trends search volume for several coffee-related terms in each city were also considered. (Population and income data are from the US Census Bureau’s American Community Survey for 2019.)

Click here to see the best and worst US cities for coffee lovers, ranked from worst to best

The results show that many of the worst cities to buy a cup of coffee are in the South, while the West Coast, Great Lakes and New England are home to some of the best coffee towns in the country. Cities at the bottom of the list tend to have fewer places to grab coffee, and coffee is more expensive. In the 10 lowest-ranked cities, the average cost of buying a cup of coffee each weekday equals 2% or more of average annual income, compared to 1.8% or less in the top 10 cities for buy a coffee.

Of the top coffee cities, Milwaukee had the cheapest prices (and highest scores overall), Portland, Oregon had the most coffee shops per capita, and San Francisco had the best prices relative to annual revenue. .

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Salt lakes real estate

The 10 best markets for first-time buyers in 2022

First-time buyers are entering the market at a difficult time. Mortgage rates set to rise, stocks limited contributing to higher average home selling prices and more affordable homes account for just 12.8% of the total US housing market value, according to an analysis by Zillow.

real estate agent.com ranked among the top 10 ideal suburbs for first-time home buyers. The markets, all of which have populations under 100,000 and are within a 30-minute drive of a larger metro, feature strong labor markets, easy access to entertainment, and affordability rivaling cities and towns. neighbors.

“Because remote work has given people more flexibility in where they live, we wanted to identify markets where newcomers have the opportunity to become homeowners and find a great quality of life,” he said. Realtor.com® Chief Economist Danielle Hale in the report.

Realtor.com’s report analyzed 1,112 cities and looked at their share of residents between the ages of 25 and 34; the number of active registrations per 1,000 existing households; job opportunities based on the local unemployment rate; the number of facilities based on catering establishments per 1,000 households; and predicted metro home sales and home price growth in 2022. Mortgage and real estate experts from markets across the country tell National Mortgage News what makes these suburbs the perfect place for buyers of a first home.

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Utah economy

Presidio’s Steve Perry Becomes Salt Lake 2022 Board Chair

NORTH SALT LAKE, Utah – January 28, 2022 – (Newswire.com)

Presidio Real Estate is honored to announce that Steve Perry, COO of Presidio, will serve a one-year term as Chairman of the Salt Lake Board of Realtors® for 2022. This prestigious role is one of many for which Steve s is volunteered. His experience includes military service and being mayor of a city as well as law enforcement. Additional roles Steve fills this year include serving on the board of directors for the Utah Association of Realtors® and the National Association of Realtors®. Steve’s commitment to helping people and making a difference is unmatched. His involvement in the community is evident as he continues to serve the people through his role as President. Steve has been a consistent major contributor to the Realtor® Political Action Committee.

Jennifer Yeo, Owner of Presidio, said, “Steve is a proven and effective leader who has the full support of Presidio to lead the largest Board of Realtors® in the State of Utah and to achieve its goal to “raise the bar” in real estate this year. . Steve wants to improve professionalism on our board. “Realtors® should be experts when it comes to writing contracts, understanding market values ​​and helping their clients,” Steve said. He continues: “By taking continuing education courses and brokers training their agents, we can all grow together.

Utah was the fastest growing state in 2021, measured by percentage growth. Steve’s view is that Real Estate Agents® play a vital role in home ownership. With the changing economy, the complexity of buying and selling a home has never been more difficult. There are so many legal aspects that need to be considered and executed appropriately to avoid the risks and pitfalls that can arise when buying or selling without Realtor®. Steve is committed to helping Salt Lake Council officers understand their value proposition and instill professionalism in their practices.

Steve is a family man. With his wife April, Steve has six children and six grandchildren. Steve enjoys playing sports with his children such as pickleball, spike ball and crossnet. They also enjoy fishing trips, hiking, and enjoying nature in the beautiful state of Utah.

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Utah economy

The major Utah earthquake is still imminent; here’s how lawmakers can prepare |Opinion

At 6:35 a.m. on August 30, 1962, an earthquake struck the town of Logan hard. It was one of those life-changing events – something the rest of us would be wise to remember.

Witnesses said it started with a rolling rumble that quickly dissolved into the sound of breaking glass and falling bricks.

Official sources differ as to its potency. The United States Geological Survey marked it at 5.9 on the Richter scale. The University of Utah’s Intermountain Seismic Belt Historic Earthquake Project calls it a 5.7, similar to the one that struck the Salt Lake Valley in March 2020.

But that’s about the only thing the two have in common.

A small breakfast crowd sat at the counter of Model Billiards on West Center Street in Logan that morning in 1962 when the walls parted and the roof collapsed. Fortunately, no one got hurt.

The roof collapsed on the chapel of the Logan Fourth Ward building of The Church of Jesus Christ of Latter-day Saints, according to a Deseret News account at the time. Walls crumbled all over the city. On Federal Avenue, the Smith Printing Company lost 40 feet of its west-facing wall.

Windows large and small shattered and left debris all over the city. Cans, broken glass and groceries littered grocery store aisles. At Logan Temple, plaster fell from the ceilings and a weather vane and lightning rod collapsed.

Nearby Richmond suffered the worst damage. The LDS Benson Stake Tabernacle, a stately brick building built in 1904, was so badly damaged that it later had to be razed.

Remarkably, the only reported injury involves a girl from Richmond, who suffered a cut on her foot from a broken bottle.

In contrast, the Salt Lake earthquake 48 years later caused little damage except to one type of building – those constructed with unreinforced masonry.

Judging by the reports from 1962, this is the only common thread. Bricks crumbling, walls separating and falling, resulting in collapsed roofs – these are the telltale signs of buildings held together by nothing but bricks and mortar, with roofs held in place by nothing more than gravity.

A new report from the Utah Seismic Safety Commission repeats a long-held estimate that 140,000 of these unreinforced buildings exist along the Wasatch front, ranging from single-family homes to apartments and office buildings. They were built before the strict building codes of 1976. Experts say most injuries and deaths, especially in an earthquake much larger than the one in 2020, would occur in and around these buildings .

The report provides five recommendations for ways this year’s Utah legislature can prepare for the big one now, reducing the overall damage. It involves improving the four major aqueducts that deliver water to more than 2 million Utah residents; fund an ongoing study on the repair of school buildings that may be vulnerable; ensure that buildings larger than 200,000 square feet or otherwise serving vital purposes (hospitals, schools, police stations) undergo rigorous structural review; that an early warning system be put in place; and that the public be made aware of these 140,000 vulnerable buildings.

Frankly, the latter is not enough. With all the extra money lawmakers have this year, they should be funding programs that help homeowners with their problems. Some cities already have Fix the Bricks programs in place, but these tend to be underfunded. Unfortunately, many people who live in these structures have meager means. Many of them are tenants.

So the other thing lawmakers should do is pass a law requiring sellers to notify buyers that a home is unreinforced and vulnerable to an earthquake. This could be coupled with requirements to inform potential buyers of state programs to help them resolve the issue.

I have heard that real estate agents oppose such a requirement. It’s natural. But the requirement would begin to put pressure on landowners to fix the problem.

Mere awareness is not enough.

It’s one of those issues that makes everyone a gamer, betting they won’t have to deal with it in their lifetime. The report says the odds of the Wasatch Front having an earthquake of magnitude 6.75 or greater within the next 50 years are essentially a toss-up. Do you feel lucky?

If that happened, such an earthquake could change this place forever, ruining our economy and our way of life for many years. FEMA officials predict it could be one of the deadliest natural disasters in US history, rivaling the 1906 San Francisco earthquake.

In Logan, the damage caused by this relatively mild earthquake of 1962 is forever etched in our memories. In 2012, the Logan Herald Journal reported on a 50th anniversary commemorative event.

Former Richmond Mayor F. Richard Bagley told the newspaper that the earthquake changed his town forever, destroying two churches and many homes. “It just changed our appearance,” he said.

Utah leaders should do everything they can now to ensure that a Wasatch front that’s far more populated than Logan’s in 1962 will be altered as little as possible if a big hit.

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Salt lakes real estate

Senate Budget Bill Would Increase Energy Credits and Reduce Tax Hikes | Nation


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WASHINGTON – The Senate Finance Committee’s tax package would generate about $ 60 billion in less revenue to pay the rest of the social safety net and Democrats’ multibillion-dollar climate bill, according to a preliminary estimate by the joint commission on taxation.

Among the changes added by Senate Democrats were exemptions for employer and nonprofit pension plans from a new minimum tax aimed at larger businesses, and the extension of clean energy credits to profit. hydroelectric projects, hydrogen fuel production, energy efficient home electrical upgrades and more.

The panel left out, for now, the House’s changes to state and local tax deductions that would generate nearly $ 15 billion over a decade. Combined, the changes left tax cuts and bill increases totaling $ 886 billion in net income to offset other expenses, below the House version’s $ 946 billion.

With Senator Joe Manchin III pushing spending below the $ 2.2 trillion figure passed by the House, that’s probably still more than enough to foot the bill and even cut compensation even further – if Democrats can come to an agreement. on a version the West Virginia centrist will support.

Pensions, non-profit benefits

The bill’s largest new corporate tax, which would create a minimum 15% corporate levy based on reported financial statement income, would generate $ 297.5 billion over a decade in the Senate version , found the JCT.

This is $ 21.3 billion less than the version of the tax passed by the House thanks to the exemption of defined benefit pension plans that business groups have lobbied for and the new text that would avoid d ” tax the income of large non-profit organizations.

The tax applies to corporations with income over $ 1 billion on average over three years, or $ 100 million for U.S. corporations with foreign parent companies. Some large nonprofits fear the tax will hit them, according to people familiar with the matter.

Some of the largest charities, healthcare systems, universities, and other nonprofits generate hundreds of millions of dollars, if not over $ 1 billion, in net income each year. The new language of Senators would only count income from a trade or business unrelated to a nonprofit’s mission to determine if they are eligible for tax and how much they could pay, preserving essentially the tax-exempt status of these organizations.

Hydrogen, hydraulic credits

Meanwhile, the Senate version would make some additions to the clean energy incentives included in the House bill, a major part of the overall package and a priority for Senate Finance Chairman Ron Wyden, who drafted a draft law on which the provisions are partly based. The cost of tax breaks has climbed from $ 13.1 billion over the House version to nearly $ 325 billion, according to the JCT.

The cost of tax credits for renewable electricity generation and investment has increased by more than $ 3 billion, in part due to the expansion of hydroelectric projects. The majority of U.S. hydropower generation comes from the states of California and the Pacific Northwest, according to the Energy Information Administration, including the home state of Wyden, Oregon, and constituents of member Maria Cantwell. of the Finance Panel in Washington State.

The Finance Committee’s version would expand production tax credits for hydroelectric power generation and add pressurized water distribution systems such as pipelines to the list of eligible energy sources. It would also make “hydroelectric environmental improvement goods” eligible for investment tax credits, including hydroelectric dams and projects to “add or improve a safe and efficient fish passage”, such as fish ladders that allow migrating fish to bypass dams and other river obstacles.

Senators also proposed a larger additional tax credit for the establishment of renewable energy facilities and equipment in communities that have lost fossil fuel-related jobs.

The bill passed by the House softened breaks for projects built in areas where coal mines or coal-fired power plants have closed. The Senate version would also offer the bonus credit for projects built in areas where at least 5% of jobs are in the oil and gas industry or on brownfield land, where hazardous substances or other pollutants could complicate construction. But that would remove the bonus if the construction is in a wooded area.

Separately, a boost of $ 3 billion went to incentives for the production of hydrogen, a clean energy source that emits only water and can be made from a variety of sources, including natural gas or coal, and Manchin counts as a key supporter. An addition in the senatorial version would allow facilities transformed into hydrogen production plants from 2022 to benefit from tax advantages for new sites.

And the price to pay for a break in making homes more energy efficient would increase by $ 4.4 billion with new wording to allow a 30% tax credit for energy efficiency residential projects to be used for the upgrade. level or purchase of distribution panels and electrical circuits that power the devices.

Such upgrades could mean a shift to smart systems designed to save energy, a growing market that includes companies like circuit breaker maker Eaton Corp., which has reported lobbied lawmakers for incentives to clean energy bill.

Eaton, based in Dublin, Ireland, “reversed” or moved its overseas headquarters from Cleveland after acquiring Cooper Industries PLC, an Irish company, in 2012. However, it still has significant domestic operations. and maintains its US headquarters in Cleveland.

Offshore wind, solar trackers

Senate Democrats would also soften a new advanced manufacturing tax credit of around $ 1 billion compared to the House version. Generally speaking, credits for companies that manufacture components related to wind or solar energy would not begin to disappear until after 2028, two years later than the Maison version.

Senators also inserted a specific 10% credit to cover costs associated with the purchase of vessels serving offshore wind facilities, which was part of separate legislation drafted by Senators from Massachusetts, New Jersey, Georgia and Maryland. They include Finance members Elizabeth Warren, D-Mass., And Bob Menendez, DN.J.

And there are credits reserved for manufacturers of solar components such as tracking systems, which point the panels towards the sun, and inverters, which convert direct electricity into energy that can be used by the electricity grid.

The main backers of the separate solar component credits include Georgia Democrats Raphael Warnock and Jon Ossoff, who each won a runoff in January. Warnock, who won a special election for a partial term, is seen as one of his party’s most vulnerable incumbents in next year’s midterms. Dalton, Georgia, is home to the largest solar power manufacturing plant in the Western Hemisphere, according to Ossoff’s office.

More changes to come

More changes are likely to emerge in negotiations over the next iteration of the broad budget bill if Democrats hope to get Manchin’s approval. For example, they may have to cut bonuses on electric vehicle credits that would benefit automakers who employ unionized workers, a boon to Detroit-based General Motors Co. but not to companies like Toyota Motor Corp. Tokyo-based who wish to expand their EV-related manufacturing into states like West Virginia.

It is still unclear what will happen with the Maison’s “SALT” cap changes, which would generate net income over 10 years but provide a great benefit to wealthier households over the next few years.

Since the current $ 10,000 cap would otherwise expire after 2025, the House’s decision to raise it to $ 80,000 and then extend that higher cap would end up fetching $ 15 billion more than the existing law. a decade. But Menendez still wrestles with Bernie Sanders, I-Vt., And other critics over the scope of any SALT break.

With the exception of the uncertain changes to the SALT cap, Senate Democrats are working with $ 32 billion less in tax increases than in the bill passed by the House, but the spending limit of 1.75 trillion Manchin dollars would mean they would still have more than enough offsets to get the bill paid in full. for.

Manchin’s critics have recently focused on the spending of the bill, although Sen. Kyrsten Sinema, D-Arizona, has already reversed several tax increases. Lawmakers could also lose around $ 100 billion if they postpone tax increases set for tax year 2022 to 2023 to avoid retroactive increases.

In addition to minimum tax exemptions for businesses, Senate changes that would result in lost revenue include measures taken by the finance panel to remove an $ 8.6 billion tax on nicotine and vaping products and a $ 55 million rule change blocking private prison companies from real estate investment trust status.

An adjustment to a provision limiting what multinational companies can deduct from interest charges would give more flexibility in how companies can calculate this limit, losing an estimated $ 4.4 billion in revenue. Partly offsetting other measures targeting multinationals, including a $ 1.8 billion tax hike aimed at making it harder for companies to do what Eaton and others have done in previous years: relocate their overseas headquarters to reduce their US tax bill.

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Salt lakes real estate

Q + A: Top Shop for electroplating and anodizing, technical plating


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The Technical Plating workshop has seventeen production lines. Photo credit: technical plating

Technical Plating, located in Brooklyn Park, Minn., Specializes in tinning, electroless nickel plating and passivation, and has been named one of Finishing of products ”s 2021 Top Shops in the electroplating and anodizing category. We recently caught up with Tyler Thomas, vice president and general manager of Technical Plating – and a member of PF‘s 40-Under-40 Class of 2019 – to talk shop.

PF: Can you give a brief overview of the installation of Technical Plating and the processes it uses?

TT: We specialize in tinning, electroless nickel plating and passivation. We make shiny pewter, mat pewter and lead pewter. We also manufacture high, medium and low phosphorus electroless nickel, as well as teflon nickel. Our passivation service performs nitric and citric methods. Other capabilities include coil-to-coil plating, bright nickel plating, brass and copper etching, and bright dipping.

In recent years, we have increased our capacity by adding more lines. We have a total of seventeen lines. And we also have a new line underway, which will occupy the last real estate element of the building when it comes to processes.

Pieces hung in the shop.

The Technical Plating facility is capable of coil-to-coil plating, bright nickel plating, brass and copper etching, and bright dipping. Photo credit: technical plating

PF: What industries do you serve and what types of parts do you usually use?

TT: The biggest industries we serve are aerospace, defense, telecommunications, batteries, and medical.

We do a variety of different things, from solderless connectors and military parts to surgical catheters and staples. It’s sort of a whole range of things that we do.

PF: How many Technical Plating parts does it produce annually?

TT: 7 to 10 billion pieces. We have over 55 new customers this year alone. Our client list counts over 300 clients and continues to grow.

PF: Technical Plating has a test laboratory for its parts. What can you tell us about the lab?

TT: As a NADCAP accredited store, we have to keep incredibly strict parameters on all of our baths and tanks. In our laboratory, we perform passivation tests, which consist of water, immersion, humidity and copper sulfate. We also perform solder tests for tin and nickel, and are constantly on the lookout for new, better quality tests that we can bring in-house. We also have a NADCAP accredited furnace according to AMS 2750, in which we can perform the hardening and pretreatment of parts before and after plating.

Overall, we can perform most of the tests required by our specifications, with the exception of the salt spray, which we outsource. I think most stores have testing capabilities, but I’m not sure they have it up to what we’re doing. Our clients know they are getting certified from us; they know it’s all done right, documented and done right the first time.

A man working in the laboratory.

The shop’s NADCAP accredited testing lab has the capacity to perform almost any test required by shop specifications. The only one he subcontracts is the salt spray. Photo credit: technical plating

PF: Environmental initiatives seem to be at the heart of Technical Plating’s approach job.

TT: Absolutely – being in the “Land of 10,000 Lakes”, we don’t want to pollute. We have a state-of-the-art waste treatment system. We run a lot of water every day, but we can send a lot of it back to our pipes, and the rest we squeeze into a metal hydroxide slurry to recycle. We are just trying to make sure that we apply the most efficient waste treatment possible because it is something you have to do right. We have our ISO 14001 certification to show our customers that we are trying to go beyond our environmental footprint.

PF: Technical Plating was recently named one of the PF Top Shops, and you are a member of our 40-Under-40. What do these achievements mean for the company?

TT: It’s an honor to be on these lists. We are working very hard here to be the best that we can be. We have had difficult years in the past, but by investing in our quality systems and having a mindset of continuous improvement, we find ourselves in an excellent strategic position. If we keep our footing on the gas and continue to put quality and communication at the forefront, we can continue to grow. Word of mouth travels quickly and these accolades help us get our name known more and more.

PF: What does Technical Plating’s relationship look like with its customers?

TT: We like to build a fairly close relationship with our customers. Many of our clients come to us with issues that others cannot fix, whether it’s something we can fix, something we can provide an alternative for, or something they just need to be. confirmed or rechecked. We take on projects that some stores can’t, won’t do, or just struggle with, and often can provide a solution. We like to be very communicative and dedicate the time and effort to help where and how we can.

Technical plating building.

Installation of Technical Plating in Brooklyn Park, Minn. Photo credit: Technical Plating

PF: What is the team dynamic at the store?

TT: Our management team has a few staff meetings a week, but even outside of that, we still communicate in the field and work together. We all wear several hats. We favor open and frequent communication, both within the store and within the management team. Creating an environment that allows for such open communication, while having clearly defined roles, leads to responsibility and ownership for what you do. This means that people feel confident and secure in communicating information or new ideas with each other and with management. We understand how important it is to seek out opportunities to learn and improve in all possible situations. We have a well-oiled machine right now, and it’s a good feeling when things are going well.

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Salt lakes real estate

Bonnie Lanice Morris | News, Sports, Jobs


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Bonnie Lanice Morris was born in Jacksonville, Florida on September 8, 1953.

She had an idyllic childhood at her parents’ 75-acre children’s riding camp, Rocking Horse Stables. She had an immense love for animals and always had a menagerie of rescue animals running around. She moved to Penn Yan, New York, in 1978 and soon after founded Lake Valley Realty, one of the largest real estate agencies in the Finger Lakes.

In 1998, she moved to Lake Placid with her three children – Chris, Sarah and Emma – and was Sales Manager at Whiteface Club & Resort until 2004. Later she had her brokerage shop which enabled her to travel a lot around the world and in almost every state with his dogs, Sami and Tate, and his cats, Booch and Bobbi.

She never stayed in one place for very long and loved to plan trips with her children in the motorhome. Some of his favorite places were Sante Fe, New Mexico; Carpinteria, California; the Oregon coast; and the Salt River in Mesa, Arizona. Bonnie was an avid photographer and was constantly taking stunning photos, especially of wild animals. She was repairing a boat with her daughter Emma (an ongoing project) and they frequently camping, hiking and kayaking together. She was a strong advocate for wild horses in the United States and spoke frequently of their mistreatment and abuse. Whenever possible, she helped save horses, most often former thoroughbreds sent to slaughter by the rodeo and racing industries.

Bonnie had a lasting impact on everyone she met; she was an extraordinarily generous and free-spirited person. She will be sadly missed by all who knew her.

Bonnie was a proud and devoted mother to Christopher Morris Schuck, Sarah Morris Schuck and Emma Johanna Morris Downey. She is also survived by her sister, Linda Mertsock, and her beloved pets.

She was predeceased by her parents, 1st Lt. Landis D. Morris and Bernice H. Olsen, and two brothers, Wyman and Duke Morris.

There will be no calling hours.

In lieu of flowers, memorial contributions can be made to Return to Freedom – Wild Horse Conservation, Black Hills Wild Horse Sanctuary, or Joshua Fund, Inc. Dog Rescue.

MB Clark, Inc. Funeral Home in Lake Placid is in charge of the arrangements.

Please visit www.mbclarkfuneralhome.com.

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Salt lakes real estate

Afternoon review: Shanghai stock index fluctuated up 0.4%, real estate stocks erupted, auto finance industry etc got stronger


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December 21, 2021

Trade anticipated on the 21, Shanghai index Intraday volatility increased and returned to above 3,600 points; Shenzhen Component Index dipped lower and turned green during the intraday session, barely Fan Fanhong around noon; the entrepreneurial index rose sharply after the opening, then swung down. The two cities’ morning turnover was around 610 billion yuan, with a small net purchase of funds heading north.

As of the noon close, the Shanghai Composite Index rose 0.41% to 3,608.48 points and the Shenzhen Components Index edged up 0.07%. Growth Enterprise Market IndexDown 0.65 %; the total turnover of the two cities was 611.7 billion yuan, and the net purchase of funds to the north was 368 million yuan.

On record, most sectors in both cities grew and the real estate sector exploded sharply. “20cm” Special Service Daily Limit, HeungKong Holdings 、 Songdu Shares 、 Jiakai City 、 Blu-ray Development 、 CCCC Real EstatePending more than 20 shares Daily Limit; furniture, building materials and other sectors are also strong; Hospitality, Tourism, Textile and Clothing, Car, Bank, Insurance, Brokerage And so on, the plates are all higher and higher; figures currency, concept Baby, meta universe, etc theme Performance was active and the concept of lithium extraction from salt lakes, new corona tests, UHV and hydrogen energy concepts were weakening.

GuoshengSecurities It is pointed out that the quantile difference between high and low sector valuations of A shares is the highest in ten years. This has resulted in the recent continued differentiation of the market. Most cyclical industries have huge potential production capacity and do not have high growth. It is not recommended to participate blindly, but the lithium battery industry has not yet recorded a surplus and remains cautiously optimistic. The main line of the market is unknown, which has created irrational themes and hype. The continuous daily limit of individual stocks has received regulatory attention. Be careful to avoid risks. Currently, there is a need to continue focusing on industries that are encouraged and supported by policies, high prosperity industries, and industry leaders with product bargaining power. The funds will eventually “anchor” the performance of the company. Operationally, the structured market will continue for longer, cyclicals will decline to a high level, technology themes should become the new main line and the consumer sector will stabilize and rebound. The industry is optimistic that the booming and improving economy, the new energy vehicles, components, military-civil integration and other adjustments are relatively adequate, and the main technology of science and technology. technology can be given special attention; the impact of the epidemic on the consumer camp is decreasing, and the domestic epidemic should be extinguished within a month, and the inflation rate It has started to recover. Next year, policy will focus on supporting domestic demand. The prosperity of the consumer sector should herald a marginal improvement, worthy of attention.

(Article source: SecuritiesTimes Network)

Source of the article: Securities Times

Editor in charge: 91

Original Title: Afternoon Review: Shanghai Stock Index Fluctuated Up 0.4%, Real Estate Shares Bursted, Auto Finance Industry Gained Strength

Solemnly declare: The purpose of this information published by Oriental Fortune.com is to disseminate more information and has nothing to do with this booth.

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Salt lake city

Salt Lake City real estate market expected to be # 1 in 2022


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SALT LAKE CITY (ABC4) – Salt Lake City is expected to be the No.1 housing market in 2022, according to realtor.com.

With forecast price growth of 8.5% and sales growth of 15.2%, Salt Lake City leads the projected housing market ahead of Boise, ID, Spokane, WA and Indianapolis, ID. Large companies like Facebook, Adobe and Electronic Arts have played a significant role in attracting people from out of state, earning SLC the nickname “Silicon Slopes.”

Home values ​​in Utah increased 28.3% between the second quarter of 2020 and 2021, according to an infographic from the Federal Finance Housing Agency. People who bought a home before values ​​soared have built up equity in their properties much faster than expected.

Supply and demand drive the real estate market, affecting everything from the value of buildings and land to availability for buyers and sellers. These forces are usually closely related to a region’s economy, labor market, population, demographics, location, interest rates, and several other constantly changing factors. As Salt Lake City‘s population grows, real estate in the area will be increasingly sought after.

Dani Griffith, a Salt Lake-based real estate agent, says, “We have a huge inventory shortage here in Utah. We have a lot of buyers and not enough sellers, so we are feeling the price effects. As for what’s to come, higher prices in Utah may well become the norm, and it could be a sellers market for years to come.

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Guest: “Bear Service” at Utah Lake | News, Sports, Jobs


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Ben abbott

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Don Jarvis

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❯

In Finland, there is a phrase to describe an offer of help that ends badly: “a bear service”. Think of a bear offering to help at a china store.

Some private real estate developers are now offering a “downgrade” which will not go well. They propose to save Lake Utah by building islands out of lake bottom sediment, radically turning the lake into something it never was. They then plan to house up to half a million people on the man-made islands.

The plans of the developers – called the Utah Lake Restoration Project – are aimed at solving problems in Lake Utah, including algae blooms, chemical pollution, cloudy water, invasive species and scarce water evaporation. Let’s take a look at these questions and what the latest science is saying.

EXAGERATED PROBLEMS

Algal blooms occur on Lake Utah, as it does on two-thirds of other freshwater lakes in the world. However, BYU researchers report that the overall algal bloom in Lake Utah has declined over the past 35 years, and satellite imagery indicates that Lake Utah suffers less than most other bodies of water from Utah. It is not known how building islets would reduce algal blooms.

Chemical nutrients entering the lake are indeed a problem that has been greatly reduced as surrounding towns have improved their wastewater treatment. There is still work to be done, but what about the wastewater of these future islanders? What about the lawn fertilizer they can use?

Cloudy water (turbidity) is indeed a factor in Lake Utah, and this has always been due to the shallow depth and high evaporation. That doesn’t mean you can’t have fun with sailboats, powerboats, water skis, jet skis, canoes, kayaks, pedal boats, etc.

And turbidity actually reduces the duration and frequency of algal blooms by reducing the sunlight that energizes the cyanobacteria that cause the blooms. The developers intend to clarify the water in Lake Utah, which would actually lead to an increase in algae blooms.

Invasive species (garbage fish) exist in Lake Utah, as well as sport fish. The developers plan to poison every fish in the lake – sport and waste – in what would be the biggest fish-killer, or fish-killer, treatment in history. The carp introduced by pioneers from Utah increased the turbidity of the lake because, unlike our endangered native June suckers, the carp eat plants that cover and protect the lake bottom.

The good news is that the Utah Department of Natural Resources eliminates millions of pounds of invasive carp per year, which has reduced their numbers by 75%. Meanwhile, our native June sucker is rebounding and the US Fish & Wildlife Service has removed it from the “endangered” list. Carp reduction seems like a far more sensible solution than the developers’ plans to kill it all.

The rare water evaporation is listed by the developers as an issue they intend to address by reducing the total area of ​​Lake Utah with their man-made islands.

However, a recent report from the BYU Utah Lake Symposium indicates that this evaporation is not a problem but a vital benefit, part of the local water cycle, in which “landlocked areas like ours receive more than two-thirds of the water. their precipitation from evaporation and transpiration upstream of the wind. land and lakes. Secondly, this evaporation increases the local humidity and decreases the temperature… ”

It is true that we are going through a severe long-term drought, but unlike the Great Salt Lake, the level of Lake Utah has been stabilized and raised by intelligent upstream management, which gives the Great Salt Lake a reliable supply via the Jordan River. . . That and conserving water are our best bets, and building islands in the lake seems likely to cause more water problems than it solves.

GOOD LEGISLATION AND BAD BACKGROUND

This year, many residents of Utah County and several lawmakers in Provo did come to the defense of Bridal Veil Falls as it was threatened by private development. The public consensus on this defense was uniformly positive.

However, in 2018, our lawmakers passed HB 272, which allows part of the Utah Lake bed to be sold to a private developer if certain conditions are met. Given that the lake and its bed are held in the public trust by the state of Utah, this seems problematic. We hope our lawmakers will be as vigilant about protecting Lake Utah as they were about Bridal Veil Falls.

The developers of the Lake Utah restoration project often refer to the precedent of the man-made islands in Dubai, which is part of the oil-rich United Arab Emirates. They do not mention that the construction of these islands resulted in huge environmental problems or that several of the islands are in fact being plunged back into the sea.

Those behind the Lake Utah restoration project may have good intentions, but it sounds like what the Finns would call a “bear service,” destined for disaster.

Don Jarvis is an environmental volunteer from Provo and a retired BYU professor. Ben Abbott is an ecologist in the Department of Plant and Wildlife Sciences at BYU.

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Salt lakes real estate

High Desert Museum in West Idaho in desperate need of help


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Our culture is commemorated in a true high desert museum. It is located a short distance south of downtown Bend, Oregon. I visited last year after receiving a recommendation from a friend. Twin Falls even gets a good nod when it comes to a famous effort by Evel Knieval to skip the Snake River. I didn’t know until a few days ago that the museum was affiliated with the Smithsonian in Washington, DC

The museum is a treasure

My visit kept me busy for almost two hours. There are old trucks, photos, paintings and even displays of live animals. I was watching owls and told a guide that the animatronics were awesome. She made me look like I was a great yoke of the desert. “They are real,” she said impassively.

Much of Oregon was in serious lockdown when I was there. It didn’t help the museum’s results. It kept people away. Had to plan my visit in advance in 2020 due to social distancing requirements. The museum has regulated pedestrian traffic and reduced the number of visitors. At ten dollars per person for non-senior adults, it adds up after a while.

Some of our infamous birds! Photo by Bill Colley.
Stuffed animals from the high desert are on display. Photo by Bill Colley.
We remember the native culture. Photo by Bill Colley.

Keep the museum doors open

The museum is soliciting donations. You can help by clicking here. If you like the story, this is a good way to show your appreciation. Financial planners will also tell you that charitable contributions at the end of the year can help with tax time.

It is a story that deserves to be preserved. As the area becomes more and more populated with new real estate developments (a new town is planned between Boise and Mountain Home), we will lose some of the past. The High Desert Museum is a keeper of the flame.

The leaders of a bygone era. Photo by Bill Colley.
War on horseback and in armor. Photo by Bill Colley.
No internet connection, no TV and a little drafty when the wind blows. Photo by Bill Colley.
One of the first green means of transport. Photo by Bill Colley.
More modern travel. Photo by Bill Colley.

RANKED: Here are the most popular national parks

To determine the most popular national parks in the United States, Stacker compiled data from the National Park Service on the number of recreational visits to each site in 2020. Keep reading to find out about the 50 most popular national parks in the United States. , in reverse order. from # 50 to # 1. And be sure to check with each park before your visit to learn more about safety precautions related to the ongoing pandemic at www.nps.gov/coronavirus.

WATCH: This is the richest city in every state

Just saying the names of these towns immediately conjures up images of grand mansions, fancy cars, and fancy restaurants. Read on to see which city in your home state received the title of richest location and which place had the highest median income in the country. Who knows, your hometown might even be on this list.

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Utah economy

What is the SHIB? : More Utahns Are Jumping On The Cryptocurrency Train

SALT LAKE CITY (ABC4) – It’s risky, it’s volatile, it’s getting a lot of attention from people around the world, and right here in Utah, it’s jumping on the Shiba Inu cryptocurrency.

While browsing your social media feeds, you’ve probably seen something on Shiba Inu or SHIB for short.

“It’s something that people see as an opportunity, a buying opportunity to fundamentally change their lives,” says Yosiah Solk of GGM Investments.

Solk says he knows how life-changing crypto is, adding, “Now I’m 24 and been in this space for five and a half years now, and I’m a multimillionaire.”

But even he waves the flag of caution.

“Just because they see it on Twitter and on YouTube, whatever Facebook is, you really need to do your research before you invest your hard earned money,” he says. “It’s a craze, you know, it’s a meme token.”

“The payout can be astronomical as long as it keeps increasing. When is it going to crash, can anyone guess? Says Lon Schiffbauer, professor at the Salt Lake Community College School of Business.

He has students asking him questions about crypto all the time, and there are tens of thousands of them.

“Even if we say that crypto will have a future in our economy in the long run, which one? The vast majority of them will disappear, ”says Schiffbauer. “The truth is, crypto is an economic bubble. It is a speculative bubble.

The professor says other examples of speculative bubbles include the real estate market and the Internet.

Experts said the SHIB rose more than 30% in 24 hours on Wednesday, breaking all-time records. And that causes a lot of concern.

“We all suffer to some extent from FOMO, fear of missing out, and memes really hang on to that because they really tell you on a new level, am I missing that?” Am I the only person not to invest? Said Schiffbauer. “It’s like any other investment, with the reward comes the risk.”

If you are thinking of getting into investing, Schiffbauer recommends paying attention to MEMES and recognizing that cryptocurrency is volatile.

“Realize that a fool is going to sit there with a whole bunch of worthless nothing until that thing stabilizes and becomes reasonable,” he said.

Advisors say there is no get-rich-quick scheme and you should talk to a financial advisor about your money and investments. Most ABC4 News spoke with, for example, index funds.

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Utah economy

Here’s How You Can Help Solve Southern Utah’s Housing Crisis

Adam Lenhard, City Manager of St. George
Housing is a regional issue. It concerns us all. It is not something that St. George alone can solve.

Tai Christensen, head of diversity at CBC Mortgage, owned by Utah Paiute, said she understands why residents don’t want to see high density housing in their neighborhoods.

“But unfortunately, we are experiencing a housing shortage and low inventory like we haven’t seen in almost 100 years,” she said. “And so we need to open ourselves and our communities to affordable housing solutions. And affordable housing solutions mean mass housing… And while that may not be visually appealing, it does offer people the opportunity to live in good quality neighborhoods and afford to pay where they are. they live.

With Utah’s ever-growing population, in part due to tourism, employment opportunities and large families, more affordable housing is needed if families are to stay close to each other, said Dejan Eskic, researcher. principal at the Gardner Institute at the University of Utah. .

“I think we are all NIMBYs [Not In My Backyard]. I think we just have to make it happen and change is difficult, ”Eskic said.

Even though locals feel there is a way to avoid the growth, some say it is inevitable.

“We have to recognize that communities are going to be built somewhere, right? Olga Hernandez-Favela, Racial and Economic Disparities Coordinator for the Utah Housing Coalition. “We’re talking about community members, we’re talking about neighbors, we’re talking about people who could potentially help our economy.”

Problems and Solutions: How You Can Help With Southern Utah’s Housing Crisis

Chris Caldwell, K. Sophie Will and Sean Hemmersmeier, St. George Spectrum & Daily News

“I know the market will adapt”

For those who feared this economy could be another real estate bubble and lead to a recession like the one in 2008, experts say it’s quite the opposite.

“What the financial crash of the mid-2000s did, COVID did the opposite – it sped up house prices,” said Dejan Eskic, senior researcher at the Gardner Institute at the University of Utah. “So it’s a horrible housing market. You could say it’s as bad as last time. But on the flip side, because it’s so unaffordable.

However, there is still residue from 2008 on this issue.

“I think there is probably still resentment from the latest housing boom and collapse where cities need to protect themselves,” Eskic said. “I think it’s the public sector and the private sector that communicate more.

He believes the state and the country are entering an economic recovery phase, and economists in the Utah Department of Workforce Services know the market will adjust.

“I know the market will adjust, what I don’t know is when it will adjust and what the adjustment will look like,” said regional economist Lecia Langston. “We can see that we cannot continue as we are right now. There has to be some kind of market adjustment.

Langston posed the question to everyone with “how do we get through the short term until the economy takes care of itself in the long term?”

In the Springdale tourism hub, former Springdale City Associate Planner Sophie Frankenburg said tourism won’t slow down, it’s just a matter of where to place people now.

“I think right now the immediate response should be to look for housing outside of exclusive single-family homes,” she said.

The proposed solutions to the Springdale housing crisis.
City of Springdale / Zions Public Finance, Inc.

Springdale’s Strategic Housing Plan offers many solutions, including a community land trust, increasing the number of secondary suites, rezoning, transferable development rights, public infrastructure neighborhoods, tax credit for low income rents and a loan fund for low income projects, all of which are in effect around the state and neighboring Colorado.

When it comes to the environment around Springdale and southern Utah, the biggest concern right now is water.

With 2.5 million or more people expected to become Utahns by 2050, the state needs more water to support everyone.

“With careful planning and stewardship, the people of Utah can have enough water to support agriculture, wildlife and recreation while providing enough water to meet the needs of growing communities,” said advocacy group Your Utah Your Future said on its website.

Who is responsible?

Some believe it is the cities and counties that have the power to help solve the housing crisis, such as Don Willie, president and CEO of the St. George’s Area Chamber of Commerce.

“But the municipalities are the ones that really have to own it. And, you know, they have to have a policy, ”Willie said. “It’s a community effort, we look to examples outside of our region of how this is being managed, so we would like municipalities to do more to lead this conversation. “

The Gardner Institute agrees, with a report last November saying, “The best chance of reducing shortages and improving affordability depends on local policies and practices.

Some local leaders are all ready to discuss high density, such as St. George City Councilor Dannielle Larkin.

Danielle Larkin, St. George City Councilor
High density belongs to our community and we desperately need it. Who is moving into this accessible accommodation? Your children, your parents, your great aunt and your uncle.

“High density belongs to our community and we desperately need it,” she said. “Who is moving into this accessible accommodation? Your children, your parents, your great aunt and your uncle.

Washington County Commissioner Almquist said the housing crisis was “constantly” on the agenda and had considered using low interest rates to borrow money and build more homes, but decided not to.

Almquist said he has seen affordable housing work in major cities and the county can harness their techniques.

“There are two things: great design and great management,” he said. “So if we can bring these two together, then even some communities will tolerate and neighbors can tolerate a denser, properly designed and managed area for those who simply cannot afford it.”

Washington County Commissioner Gil Almquist comments during an emergency session to declare a local <a class=state of emergency on March 20, 2020.” height=”3744″/>
Washington County Commissioner Gil Almquist comments during an emergency session to declare a local state of emergency on March 20, 2020.
Chris Caldwell / The Spectrum & Daily News

Governor Spencer Cox told The Spectrum that the housing crisis is also an issue close to his heart.

“We are doing everything we can, there is not much the state can do,” he said.

But some residents might think the government is doing too much, said City Manager Lenhard.

“And it’s a tricky place because we are balancing the quality of life and the pace of growth as we try to meet the demand,” he said.

Companies are doing everything they can to balance a good salary with a profit, Langston and Willie said.

To help minorities receive fair housing, every member of the community needs to have difficult conversations about the racist past and help communicate resources in the future, said Hernandez-Favela of the Utah Housing Coalition.

Olga Hernandez-Favela, Racial and Economic Disparities Coordinator for the Utah Housing Coalition
We need to have really honest and vulnerable conversations about racism, and we need to figure out how to make room at the table.

“So to move forward, I think we have to hold ourselves accountable for what has happened, which means we have to have really honest and vulnerable conversations about racism, and we have to figure out how to do it. the place at the table, ”she said. .

A June report from the Utah Department of Multicultural Affairs said targeted education and resources for the Black, Indigenous and Colored (BIPOC) community are essential to equality.

“More initiatives are needed to encourage tenancy to members of BIPOC communities, such as grants or tax breaks,” he said, also calling on the state legislature to review potentially eviction laws discriminatory.

“It’s hard to see such a huge problem,” Barben said. “And everyone’s waiting for the next person to take the lead and go do something, you know, let’s make a difference here. But it only takes one person at a time. And if we can rally everyone, I think we have a bright future. “

And in the end, that’s pretty much how every Southern Utahn treats their neighbors.

“It’s about helping your neighbor. It’s about recognizing the humanity of the person, ”said Hernandez-Favela. “I think it’s a very good starting point.

To explore the extent of this crisis, The Spectrum produced a seven-part series on the housing crisis in St. George and southern Utah.

From more information on the city’s reports to zoning to minority issues to tourism management to struggles for students and the elderly and solutions to this problem, we’ve got it all covered.

Sean Hemmersmeier contributed reporting for this article.

K. Sophie Will is the National Parks reporter for The Spectrum & Daily News for the GroundTruth Project’s Report for America initiative. Follow her on Twitter at @ksophiewill or email him at [email protected] Donate to Report for America to support their work here.

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Salt lakes real estate

Northern British Columbia sees 15% year-over-year drop in home sales


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Home sales in the North continued to decline in September.

According to the BC Real Estate Association, 484 homes changed hands in our area last month, down 15% from the same period last year.

Chief Economist Brendon Ogmundson said Radio Vista record supply across the province is pushing up prices in some of the more rural areas of the north.

“It’s no surprise that prices continue to rise, especially in locations outside of Prince George. We are looking at places like Quesnel, Williams Lake and Smithers, even Prince Rupert. These are places where we are seeing really big price gains. “

Active registrations are also down significantly in the north. The region posted 1,627 listings in September, down 13.6% year-over-year after 1,884 listings found in September 2020.

However, these comparisons should be taken with a grain of salt according to Ogmundson.

“Beyond the summer of this year, every time we look at year-over-year comparisons, it will seem a little distorted. Last year we had an extraordinary recovery in the second half of last year, so we basically compare ourselves to the high point of last year. “

As 2022 approaches, Ogmundson expects the north to be one of the main engines of the province’s economic recovery, which should mean great news for the housing sector.

“In the north, there is a lot of economic activity that will drive growth in the province, as that includes the pipeline and the LNG business. The North gave the economy a boost earlier this year when lumber prices were extraordinarily high.

The average price of homes in the North is over $ 397 thousand.

In PG, 91 houses changed hands in September when the average sale price was 447 thousand.

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Salt lakes real estate

Conor Canning lost a property license for theft


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Baccalaureate In Paradise Star Canned Conor lost his real estate license and was also fined $ 30,000 after he stole a client database from his former employer and then repeatedly lied about it.

ABC reported that a magistrate ruled that Canning, who is the manager of three real estate offices under the PRD franchise, is unfit to practice real estate, after being struck off by the Realtors Court last year. .

Last November, the court found that while Canning worked at Ray White Real Estate, he logged into his former employer’s database without permission and stole confidential information.

He then “misused confidential information” by getting in touch with contacts and giving information to a mortgage broker.

Court documents reveal that Canning allegedly wrote, “The Gold List, my man. It’s highly confidential, but I trust you.

Conor Canning with sound Baccalaureate In Paradise boo, Marie Viturino. (Credit: Ten)

Canning’s former employer got wind of what he had done and reported him to court, and Canning then “provided a false and misleading statement to the board investigator.”

The court found him guilty of “unprofessional conduct” and revoked his license, ordering him to pay a fine of $ 30,000.

This week the magistrate Chris Webster upheld the court ruling and slammed the reality TV star in court.

“The allegations proven and admitted against the plaintiff were serious and a finding by the court that the plaintiff was guilty of unprofessional conduct was appropriate,” he wrote.

Magistrate Webster added that Canning’s actions involved “considerable planning” and were done so that he could advance his career.

He also said Canning’s submission to the board was “full of elaborate details, falsehoods and misleading information.”

“An aggravating feature of his lies to the commission and its investigator was that he attempted to attack the credibility of Mr. Manton [his former employer] whose material he had appropriated, ”he wrote.

“He tried to blame Mr. Manton, the victim, for reporting [Mr Canning’s] unlawful acts.

“Rather than accepting responsibility for his actions, he chose to go after someone making a legitimate complaint to the professional council.”

He also said Canning was “not an honest person,” adding that “there are many opportunities for a dishonest person working in this industry to gain financial advantage for themselves or their clients by making a false statement. making a false statement or putting others at a financial disadvantage. “

He concluded by saying that Canning is “not a suitable and appropriate person to practice in the real estate industry” and that the withdrawal of his license is in the interest of “protecting[ing] the public. “

Canning appeared on Baccalaureate In Paradise, where he met Mary Viturino and the couple had a child together last year.

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Salt lakes real estate

Somewhere Else | Columns


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Home is where the heart is. We all know that.

Over these months and now years I have written to my satisfaction and given the very encouraging responses received I continue to reflect on the people and places of Vermont.

I love my house as you love yours. We are all the better to appreciate where the heart feels at home.

But for all of us, there is another place that attracts us. We all recognize that many, perhaps most of us, come from elsewhere.

About 40 years ago, when we bought our farm, I remember our first trip to the city dump, correctly and only sometimes called “the transfer station”.

The attendant first saw me with my Connecticut plates and said with a smile, “We don’t like anyone here by the way.”

I asked quickly: “And where, my friend, are you from?” He said, “Connecticut.” Then the conversation turned. “Did you know,” he said, “Wheelock was founded by people in Connecticut? “

Another place could be a lot of places. The now established Vermonter said quirkily, “You better not tell anyone how wonderful this life is in this place.”

Well, I’m from somewhere else. I never thought I would one day end up in Vermont, even though I skied all the mountains here when I was president of the West Hartford, Connecticut Ski Club in high school.

But I knew northern New England had a deep hold on me as a camp director and boating instructor on several beautiful lakes.

What brought me here was a pastoral role visiting a great lady, the well known and much loved Allis Reid, whose son and husband tragically passed away in the mid-1960s. Allis was the one of my older students at the University of Hartford and her family had been a member of the church that took me to my doctoral program.

Allis said, “Buy the old farm up the road, Bob, you’ll never regret it.” Even though it was barricaded and partially falling, we made the jump.

We thought that as a family we could ski Burke regularly, although we were fully engaged in a Connecticut church – one of the great churches in America.

I thought, “Just what I didn’t need! We had a beautiful rectory and our own waterfront home in Old Saybrook. We had deep and permanent roots there near the lighthouses and even had Katharine and Marion Hepburn as neighbors and even with precious pastoral ties with the Hepburn family.

Because I was conceived in a place called Fenwick and later in life I led the summer worship service at Saint Mary’s By The Sea every year, I knew this place would always anchor me there.

This other place has always caught my eye. It wasn’t so much real estate or even the beautiful memories.

It was the salty air and, oh yes, the seagulls, the sand, the shells, the dry, floating seaweed that made this elsewhere so expensive.

I tried to shake it somewhere else, just like you got your own heart.

Throughout my long and beloved pastorate at Peacham, I was helped by a tender annual remembrance gift when Bob and Sharon Fuehrer brought a Mason jar filled with the powerful smelling seaweed, seashells and salt water.

I kept it in the fridge and sniffed it at least twice a day. The Fueher’s spent the summer in their Maine home, returning to Peacham for various reasons. They knew the pastor worked diligently all summer. After all, 50 percent of the people in Peacham are seasonal. There was the excitement of the Tractor Parade on the 4th, a vibrant PAMFest, a Maple Leaf Seven concert, animal blessing and endless good times with the people in the summer. I was busy, but Bob and Sharon knew the scents of the shore were calling me elsewhere.

We all have our own stories of how we got to this place in this country we love.

Hearing the stories of others makes our own journey precious. Let’s celebrate this, even though it has been difficult at times.

I used to be the senior pastor of a huge church in Florida. In October, snowbirds would start arriving from the north. All year round, Floridians would often leave in October to travel north with their families for Thanksgiving and Christmas to visit people and places along the way.

The Psalmist was right when he wrote of the goodness of “our going out and coming in”.

It’s more than the anguish of feeling that the grass is always greener on the other side.

Perhaps we can be comforted by the wisdom to know that the leaves here are more beautiful than elsewhere. After all, the whole world comes to see the generosity of this beautiful place which for them is elsewhere.

My dear longtime friends, Susan and Stuart O’Brien from Peacham have struggled each year to decide when to go to their lovely seaside home in Florida. Stuart always wanted to leave early. Susan always wanted to stay here a little longer. She’d say a little sadly over the years, “Oh Bob, it’s my last Sunday, Stuart wants to go.”

I always asked, “Why go there?” Stay here a little longer. She always replied, “But I love my husband. We would laugh together.

Perhaps the best way to deal with October is to be grateful for the memories from elsewhere and summers past and to honor our homes and hearts right here in the Northeast Kingdom. I will give thanks for the seasons to come.

Why not let Thanksgiving start in October.

Bob Potter lives with his family in Wheelock and is pastor of the Monadnock Congregational Church of the Great North Woods in Colebrook, New Hampshire. The services are available on Youtube. He can be contacted at [email protected]

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Salt lake city

Rio Grande plan, updated: underground trains in depot and granary districts catch Salt Lake City’s attention


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500 W in Salt Lake City would be converted back into a transit corridor if the Rio Grande plan is successful. Looking south, a new canopy, with the Rio Grande depot to the left and the depot district redevelopment area to the right. Image courtesy of Cameron Blakely.

A plan designed by citizen-professionals that would revitalize rail transport, remove barriers between downtown and the city’s west side, and free up hundreds of acres for redevelopment has made its way to some “important players” since. our last report.

Designed in 2020, the Rio Grande Plan has raised eyebrows ever since. Its new iteration, which has just been released, is an impressive blend of graphic and urban design, transportation engineering and rail knowledge.

The plan sponsors tell us that their presentations were well received – representatives from most, if not all, of the organizations agreed that they would benefit from the plan. But none thinks they can do the lift on their own, and none so far has given any indication of a willingness to lead.

Salt Lake City City Hall officials, for their part, call the plan “forward-thinking,” “bold” and “transformative,” while making it clear that they would need partners. keys to intensify.

The current challenge, the plan’s authors tell us, is to find “champions” within key agencies to move the idea forward in its early stages.

Building Salt Lake has contacted some of these potential leaders about the plan. Some had seen the new version of the plan, others had not. We will take a look.

Map the actors

The plan’s writers, landscape architect and designer Cameron Blakely and transportation engineer Christian Lenhart – whose expertise includes the design of freeway ramps and level crossing safety – don’t hesitate to thank the others. people who helped the plan along the way.

Lenhart is “amazed and grateful for all the support, advice and help Cameron and I have received over the past year.”

He summed up their vision: “All the best cities in the world have, at their center, the beating heart of a large train station that connects the city to the surrounding communities, making the city center a real gathering place for all.

Blakely notes a “process of making”, consisting of “feedback from peers, colleagues and friends,” which made the last version a much more comprehensive document.

Current conditions on 500 W and 300 S, west side of Depot. This is the area where the new angular canopy would be located, above the train box. Notice the city’s particularly hostile approach to public space on 500 W. Photos by Luke Garrott.

They presented to the Wasatch Front Regional Council (WFRC), the Metropolitan Planning Organization, the Utah Transit Authority (UTA) Board of Directors and the City.

Other parties involved, and likely key partners, are Union Pacific, the Utah Department of Transportation (UDOT), the Utah Legislature, and UT’s Department of Culture and Community Engagement, current users of the repository.

Union Pacific, of course, also holds key cards. Although no contact has been made with them, Lenhart is confident that they will welcome the closure of so many crossings with open arms. The Rio Grande plan also argues that UP’s Salt Lake City train stations are completely obsolete for their current operations.

The updated plan

The main components of the project are as follows (cited and edited from the Plan).

• Moves all north-south rail tracks between 900 S and 100 S in an underground structure called a “train box”.

• Moves all transit services from the current Salt Lake Central Station at 600W and 300S to the historic Rio Grande depot at 450W and 300S.

• Permanent disappearance of level crossings that block the west-east flow in and near the city center: 200 S and 650 W, 800 S and 650 W, and 900 S and 650 W.

• Demolishes the 400 S viaduct, freeing nearly 2000 linear feet of street frontage – 2 1/2 blocks on either side of the redesigned street.

• Opens 52 acres of land from the former use of the railroad.

• Opens over 150 additional acres of private land for redevelopment.

New renderings of the Rio Grande depot, enlarged to the west. Images courtesy of Cameron Blakely.

The authors noted two key changes between the first and second iteration. First, Blakely reconfigured 500W into an entire street, “to activate the Station Center project ground levels rather than facing them at a bus stop.” he noted.

Regional buses are moved north and south from the depot, while local UTA buses share the front of the terminal on Rio Grande St with TRAX trains.

Second, Lenhart’s expertise in designing freeway ramps led him to artfully design a way to realign the UDOT’s 900 S ramp to go down to 500 W instead of West Temple, which would be a huge win for the Central 9th ​​and Ballpark wards.

According to him, “express buses from all over the valley could take the highway, then get off on the 500 west and 900 south and up the street to the Rio Grande Depot transit center.”

“But we’ve been told a number of times that it’s more embarrassing to have it in there than not, so we deleted it.”

Reactions from municipal authorities

Salt Lake City officials were first on Lenhart and Blakely’s list for early contact, for understandable reasons. The City Redevelopment Agency (RDA) has been active in the northern part of the region for decades and has aggressively supported TRAX’s rail extensions and development around stations. The city council acts as the board of directors of the GDR and the mayor appoints its leaders.

The prospect of a new TIF zone, perhaps a Transit Redevelopment Zone (TRZ), must be appealing to city leaders with an area so well connected to the city center.

The likelihood of a political setback in the area’s development appears to be nil, given that its neighbors are the Transition Light Industrial Areas of Granary to the east and the Interstate to the west.

This “Future Land Use Master Plan” flown over shows how removing lanes and shortening freeway ramps can transform the area. Image courtesy of Cameron Blakely.

The city’s master plans also mention future extensions of the tramway or the TRAX railway line to the south through the Grenier.

Councilor Dan Dugan (District 6) was an early and energetic supporter of the plan, its authors tell us. The first-term city councilor, a retired US Navy pilot who currently works in local manufacturing, said the plan turned him on for reasons of town planning, air quality and fairness .

Dugan is starting a series of meetings in the coming days with potential partners – with the aim of securing support for a funding feasibility study.

“I’m impressed. It’s bold, transformative, where we can have great growth for Salt Lake City that doesn’t increase the number of cars or necessitate the expansion of I-15.

“What are the big barriers between east and west in the city? It’s I-15 and the railroad tracks. They block the flow of commerce, people and ideas. We have big equity issues in the city which are partially resolved by the removal of the rail lines. “

Dugan describes a commuter coming from the airport or from Ogden to downtown: “You take a train from the airport, enter a beautiful station, you walk to your meeting, walk to dinner, come back to the station. and return to your hotel or take a train home.

This new graphic shows the rail extensions and minor realignments needed around the depot – as well as how moving Central Station a block and a half east, to the existing historic Rio Grande depot, makes the key downtown destinations within walking distance. Image courtesy of Cameron Blakely.

In small group conversations, each member of city council discussed the idea, he told us. There are concerns about the high price tag, $ 300-500 million, worried Dugan says he understands. But he argues that if you add up all the transportation investments that city and state will make in and around downtown, they will cost as much and fall short of what the Rio Grande plan can.

“We have to go in with our eyes wide open. But if we don’t and do a bunch of projects separately – like adding or changing TRAX lines, expanding FrontRunner, tracks and crossings for Inner Harbor rail traffic – if you do those expensive projects. separately, we will not have the impact that the Rio Grande project will have, ”said Dugan.

Reno and Denver both made big investments by recreating their rail network around a downtown central station. Images courtesy of Plan Rio Grande.

We also asked the mayor and the director of the GDR for comments.

Mayor Erin Mendenhall told us that “I look forward to the opportunity to review this plan, but please be aware that if UTA and Union Pacific are interested in further exploring the concept of the project, our RDA is ready to work with the rest. of the city to coordinate on the feasibility of this avant-garde effort ”

For his part, RDA Director Danny Walz said: “Yes, we are aware of the Rio Grande plan and are excited about the concept. It is the role of the RDA to implement the policies and master plans of the City as well as the priorities of partners such as UTA ​​and Union Pacific… Ultimately, the implementation of this project would require that the plans and City policies be updated and a new tax increase zone established. These efforts would be coordinated by the city administration and approved by the city council and would involve engagement with the public and other stakeholders.

Next steps

The plan’s authors told us that while enthusiasm was widespread among important local players, a refrain of “moving up the food chain” was also repeated. “A state-level champion could do that,” Lenhart and Blakely said, “not any of us.”

It is unlikely that one of the many improvements that the Plan seeks to bring about, in terms of air quality, equity, transport efficiency and quality, RR level crossing safety, urban planning, pedestrian accessibility, real estate development … behind the Rio Grande Plan so that it is adopted as a policy, financed and implemented.

But what if this last interest – real estate development – and the city’s willingness to put pressure on many others – were to win out? The other key players – the state and UP – could simply get on this train.

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Utah economy

What if you wait to buy a house? Interest rates could change drastically

All aspiring homeowners in Utah are asking the same question: When will house prices drop?

Unfortunately, no one can predict exactly when this will happen or if it will happen. In the meantime, there may be one more important question home buyers should ask themselves: What if you wait to buy a home?

While it is tempting to wait for prices to cool down, there is another risk associated with postponing a buying decision. Bankrate reports that today’s interest rates remain low, but that “[m]all mortgage experts expect rates to climb above 3.5% by the end of 2021. ”

So what if interest rates rise while house prices fall? How do these numbers compare?

While a loan officer can help you answer this question based on your particular situation, here is a general overview of how interest rates can affect home prices. (You might be surprised by the results.)

An overview of the impact of different interest rates on homebuyers

To show you how even a slight increase in interest rates can affect the price of your home over time, consider the following hypothetical examples.

Suppose you qualify for a $ 400,000 home purchase with 5% down payment and your loan amount is $ 380,000. 10 years of 3% interest costs you $ 54,814.51.

Now watch what happens when you increase the interest rate from 1% to 4%. If you were eligible for a payment of around $ 1,600, you could now only spend $ 353,000 with a loan amount of $ 335,350 and pay $ 65,037.52 in interest over 10 years.

And if the interest rate goes up an additional 5%, a cheaper home is even more expensive. You could now only afford to buy a house for $ 314,000 with a mortgage of $ 298,300. Again, the payment would be the same and the loan would cost $ 72,846.60 in interest over 10 years.

It is simply by increasing the interest rate by 2% between the $ 400,000 house and the $ 314,000 house. The interest is considerably higher on the much lower loan amount and the payments are roughly the same. You can see how easily things can add up over the life of your loan, even if you originally bought a cheaper home.

Essentially, a 1% rise in interest rates is equivalent to a more than 10% drop in house prices. Over the past 20 years, even during the recession, prices have not fallen 10% in a calendar year in Salt Lake County. Ultimately, it can cost you more if interest rates rise than what you could potentially save while waiting for prices to drop.

What if you wait to buy a house?  Interest rates could change drastically
Photo: Shutterstock

Why interest rates could rise in 2022

While no one can pinpoint when and if interest rates will rise over the next few months, there are several factors that could cause interest rates to rise in 2022.

Currently, the hottest topic impacting mortgage rates is pending inflation. There are many opinions about how quickly mortgage rates will be adjusted to fight inflation, but most people agree that inflation is a fast approaching challenge.

Another thing that has an impact on mortgage rates is the Federal Reserve. To keep the housing market stable and stimulate the economy, the Federal Reserve will often buy mortgage bonds. If they choose to cut back on these purchases, interest rates will likely rise.

According to Investopedia, “The Federal Reserve aims to maintain economic stability and has an impact on bank lending rates. When the Fed wants to stimulate the economy, it usually becomes cheaper to take out a mortgage. And when the Fed wants to crack down on the economy, it acts to drain money from the system, which means borrowers will likely pay a higher interest rate on mortgages. “

The strength of the economy also plays a role in mortgage interest rates. When GDP and employment increase, it is a sign of a growing economy, which means more people with purchasing power. This creates greater demand for real estate. Since lenders have a limited amount of money to lend, they increase the rate so that they can lend more mortgages to more borrowers in the future.

The housing market has a similar impact on mortgage rates as the growing demand for real estate means growing demand for mortgages.

There are many other things that affect interest rates, but these are the things that are currently in the spotlight and why many believe rates will go up.

Benefit from lower interest rates

While no one knows exactly what the future holds, taking advantage of today’s lower rates seems like a good option for homebuyers who may be on the fence. Since Bankrate lists Utah’s housing market as the hottest in the country, it could be some time before prices start to fall. Locking in a good interest rate can be your best chance to save thousands or tens of thousands of dollars when buying your home.

To help you determine the best options for your situation, the Stern team is here to guide you through every step of the home buying process. For more information, call 801-788-4049 or visit sternteam.com today. If you have questions about financing, contact Mandi Henriod with Intercap Lending at 801-638-1005.

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Utah economy

Schools funding agency expected to weigh sustainability and profitability as Utah dries up

Up to 3.4 million acres, the land trust generated $ 1.96 billion in revenue and established a permanent fund of $ 2.5 billion.

(Rendered courtesy of the Kane County Water Conservation District) A render produced by architect David McLay Kidd provides a preliminary design for an 18-hole luxury golf course project that lawmakers have designed Retirement from Utah Mike Noel is looking to build outside of Kanab.

When Utah became a state in 1896, it was sent with a dowry from Congress. A checkerboard of square mile plots scattered across the state totaling some 7.4 million acres. These properties were not public lands or reserves in the usual sense of the term, but an endowment to be managed, rented, bartered and sometimes sold for the benefit of a specific set of public institutions, mainly schools.

Back then, doing a land office business – making a lot of money in real estate – was the goal. And very Utah. Preserving all land for the sustainable benefit of the environment was not considered.

In 1994, fears that trust lands had not been well managed led the Utah legislature to create a semi-independent entity called the School & Institutional Trust Lands Administration, known to friends as SITLA. Its mission was to maximize the annual income and the permanent endowment of the fund. Now down to 3.4 million acres, SITLA since its inception has generated $ 1.96 billion in revenue and established a permanent fund of $ 2.5 billion.

It’s awesome. Utah schools need all the financial help they can get. But school budgets aren’t the only thing that should matter – for taxpayers, for the state, for SITLA. It is certainly not the most important thing if you care about future generations of students and the world they will have to live in.

To move forward in a world of climate change, sustainability, and not just profit, must be high on SITLA’s agenda. And the agency has the opportunity to demonstrate how these two objectives are fully compatible, if we take a long enough view.

Take, for example, a proposal that SITLA is now considering leasing some 100 acres in the town of Kanab, half of the land intended for an upscale golf course. The project is to be managed by the Kane County Water Conservation District and funded, at least in part, by the State and Kane County.

Objections to such a plan are obvious and have been voiced by just about everyone who does not work for the Water District, an agency led by former Utah lawmaker Mike Noel. Not everyone in town thinks that a Tony Golf Course catering to a jet-set clientele is likely to be a profitable business, if not profitable, given Kanab’s remote location and less than perfect climate. ‘a complex.

Noel has already secured a $ 10 million loan from the state’s Community Impact Board – despite objections from professional council staff. CIB operates a kitty from mining royalties paid to the state, a fund intended to help make communities dependent on the extractive economy after suffering ecological damage and the boom and bust economic cycles the industry has experienced. of fossil fuels is the heiress.

The argument is that, even if the golf course is not profitable, it would attract businesses to the city’s hotels and restaurants and boost both the private sector economy and the county tax base. Noel says he has an agreement to siphon off part of the tax revenue from Kane County hotels to support the project, although the county says such a deal has not been reached.

Officially, SITLA must weigh Noel’s proposal alongside two other arguments it has for using its Kanab property and decide, at its November 18 meeting, who will likely be the most profitable for the education fund. . From an ethical standpoint, the agency must also consider whether creating a water-hungry attraction in the middle of an arid landscape is something to which it must make its mark.

The best part of Noel is that rural Utah is, and should be, shifting from an economy based on digging to one based on tourism and hospitality. This is a factor SITLA should consider in all of its business and land use decisions as it becomes, like the rest of Utah’s economy, less dependent on oil.

Chances are, SITLA will reject Noel’s plan because it is not economically viable, without even having to move on to environmental sustainability concerns.

What should guide this agency’s thinking, however, is that, in the long run, what’s economically smart and what’s environmentally wise are more of the same than we might have thought.

SITLA is accessible through the agency’s website, https://trustlands.utah.gov/

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Salt lakes real estate

What is this latest construction in Beachwood?


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I was recently heading south on Route 9 from our studios here in downtown Toms River when I came across a section of Route 9 that is being cleaned up in the Beachwood / Pine Beach area.

This work is therefore done on the left, heading south on Route 9, a little near the border of Beachwood Pine Beach. There are several construction vehicles on the site and the trees are cleared and they are removing soil or adding to the area.

Listen to Shawn Michaels’ Mornings on 92.7 WOBM and download our free 92.7 WOBM app

It appears to be quite a large lot, so it could house a large building and / or business. The question is, do we know what this site is going to be? or maybe he is just being cleared to help sell the empty real estate?

We would love to hear your opinion … do you know the answer or do you have a suggestion on what would work perfectly on Highway 9 between Beachwood and Pine Beach? Post your thoughts below ….

In my opinion, I think any “stand-alone” business would be a good idea, I would stay away from a “mall”. We have enough half-empty “malls” along Hwy 9. It seems single-occupancy locations are better for business and especially along the Hwy 9 corridor from Beachwood to Forked River.

Thanks for taking the time to take a look at our last “question” here in Ocean County and maybe we’ll find an answer.

Check Out These Fantastic Places To Live In New Jersey Below

These are the 25 Best Places to Live in New Jersey

Stacker has compiled a list of the best places to live in New Jersey using data from Niche. Niche ranks places to live based on a variety of factors including cost of living, schools, healthcare, recreation, and weather. Cities, suburbs and villages have been included. Ads and images are from realtor.com.

On the list, there is a robust mix of offerings ranging from large schools and nightlife to public and pedestrian parks. Some regions have experienced rapid growth thanks to the establishment of new businesses in the region, while others offer a glimpse into the history of the region with well-preserved architecture and museums. Read on to see if your hometown makes the list.

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Salt lakes real estate

A breakdown of 4 transactions involving Steward Health Care


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These two months have been busy with acquisitions and sales for Dallas-based Steward Health Care.

Below is a breakdown of four of them:

1. Sell ​​five hospitals in Utah. Steward Health Care has announced that it will sell the operations of five Utah hospitals to HCA Healthcare, based in Nashville, Tennessee. Hospitals involved in the agreement: Davis Hospital in Layton, Jordan Valley Medical Center in West Jordan, Jordan Valley Medical Center-West Valley Campus, Mountain Point Medical Center in Lehi, and Salt Lake Regional Medical Center in Salt Lake City. Hospital real estate is owned by Medical Properties Trust, which will lease the facilities to HCA.

2. Agreement involving eight hospitals in Massachusetts. Medical Properties Trust has agreed to sell a 50% stake in a portfolio of eight Massachusetts hospitals owned by Steward Health Care to Macquarie Infrastructure Partners V LP, an infrastructure investment fund managed by Macquarie Asset Management. Steward will continue to operate the eight hospitals and pay rents to the new joint venture.

3. Acquisition of five hospitals in Florida. Steward Health Care bought five Florida hospitals from Dallas-based Tenet Healthcare in August for $ 1.1 billion. The hospitals included in the sale were Coral Gables Hospital, Florida Medical Center in Lauderdale Lakes, Hialeah Hospital, North Shore Medical Center in Miami, and Palmetto General Hospital in Hialeah.

4. Entering a sale-leaseback transaction with Medical Properties Trust in Florida. Medical Properties Trust finalized in August its plan to purchase Florida hospital real estate acquired by Steward for nearly $ 900 million. It entered into a sale-leaseback transaction with Steward.

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Utah economy

Former Utah lawmaker plans to build luxury desert golf course, locals are not thrilled

Editor’s Note This story is only available to Salt Lake Tribune subscribers. Thank you for supporting local journalism.

If you build a world class golf course in the southern Utah desert, will they come?

That’s the $ 10 million bet that the Kane County Water Conservation District is hoping to place with other people’s money.

Led by retired Republican lawmaker Mike Noel, the Water District plans to build a luxury course outside of Kanab – where few residents seem interested in losing $ 100 or more on a round of golf – to attract even more tourists to Kane County.

Earlier this summer, Noel convinced the Utah Community Impact Board, or CIB, to authorize a low-interest $ 10 million loan to fund his golfing dreams, but the proposal has many obstacles. to cross. Before that money is released and the project can move forward, Noel must partner with Kane County to manage the golf course and with the state, which owns half of the 200 acres that Noel has. proposed for the project.

Now, the Kane County River Basin District is competing for this land with at least two other development proposals, submitted last month to the Utah School and Institutional Trust Land Administration, or SITLA.

But such uncertainties do not prevent the small rural hydraulic district from embarking on luxury golf. Last year, she paid world-renowned golf course architect David McLay Kidd $ 75,000 to develop preliminary plans for a course on the shores of the district’s Jackson Flat Reservoir. It’s money well spent, according to Noel.

(Francisco Kjolseth | The Salt Lake Tribune) Representative Mike Noel, R-Kanab, center, in 2016.

Noel retired from the Utah legislature in 2019 after spending 16 years in the House, where he was a major influence on public land issues, lobbied for the transfer of these lands and associated roads to the state, defended the Lake Powell pipeline project, and led opposition to national monument designations.

A former member of the Bureau of Land Management, he operates a ranch in Johnson Canyon, where the controversial pipeline is said to discharge 4,000 acre-feet of water.

“We are in the process of making the transition across southern Utah to a tourist community. This is what we do, whether we like it or not, ”Noel told CIB at its July 1 meeting. “So we are trying to be one step ahead of this project.

The rare profitable golf course?

While most public golf courses require substantial grants, Noel argues his would pay for itself by attracting thousands of discerning high-end golfers to stay in Kanab for a few days. So even if the green fees don’t cover all operating expenses, these big spenders will leave enough money in Kanab – a tourist economy town in the heart of southern Utah’s national parks – for the investment. worth it.

That’s a lot of wishful thinking, critics say, who argue that the golf course represents a misuse of public money and resources.

“It is unwise to spend more than $ 10 million of our public revenue to build infrastructure that few people in our community will use,” said Sky Chaney, a Kanab resident, who heads a local taxpayer association. “The construction of this project will prevent the construction of other projects that will further benefit the residents of our community. “

(Kane County Water Conservancy District) A render produced by architect David McLay Kidd provides a preliminary design for an 18-hole luxury golf course project that retired Utah lawmaker Mike Noel is looking to build at the outside Kanab.

Chaney also doubts Noel’s golf course attracts enough golfers to afford it. Not only is Kanab difficult to access compared to other destinations near St. George, he noted, but its summers are hot and winters cold.

“Most serious golfers are careful to choose courses where access is not difficult and the weather is good for golfing,” said Chaney. “Kanab is not an ideal place for either of these two requirements.”

In a survey of county residents commissioned by the Taxpayers Association, 93% of those polled said they oppose the use of public money and local water to be used on a course. luxury golf.

A green island in a red desert

Critics are also unhappy with the planting of water-guzzling greens and fairways in a desert at a time when Utah’s water resources are drying up in the face of an unrelenting drought. But Noel says the course would be irrigated with 319 acre-feet of water that would otherwise go onto the alfalfa fields.

“None of these waters is culinary water. The diversion point is on Kanab Creek. It’s below the area where the city’s water is taken, ”Noel said. “It’s not just a golf course. It’s also a very, very sophisticated design course to save water as much as possible.

The Utah CIB distributes millions in grants and loans from a revolving fund funded by federal mining revenues. By law, this money must be spent on projects in the communities where these revenues are generated on projects intended to mitigate the impacts associated with mining.

Impact board staff warned the board that Noel’s loan request did not match CIB’s mission, but the board approved it after hearing Noel’s speech.

“It seems to be a project that is well outside a water development mission. In reality. I’m not sure this is the right entity to apply for a golf course, ”CIB staff member Candace Powers told the board. “Golf courses don’t necessarily generate income and, in fact, are very expensive to maintain. “

(Kane County Water Conservancy District) Retired Utah Lawmaker Mike Noel proposes to build a luxury golf course at this site outside of Kanab on state-owned land next to Jackson Flat Reservoir. In his role as director of the Kane County Water Conservation District, he obtained approval for a $ 10 million loan from the Utah Community Impact Board to build the course designed by David McLay Kidd.

Impact dollars typically fund basic facilities and infrastructure, such as upgrading roads, public safety equipment, sewers, and building prisons. CIB has embarked on economic development projects in recent years, which has resulted in controversy and at least one lawsuit.

CIB has funded four golf courses in the past, including one now defunct in Kanab, according to Christina Davis, spokesperson for CIB’s parent agency, Department of Workforce Services.

Focus on an influx of tourists

At the July meeting, CIB unanimously agreed to grant the water district a loan of $ 10 million over 30 years at an interest rate of 1%. Noel said the repayment money would be tied to Kane County’s Transitional Room Tax (TRT) revenues, so if the golf course’s revenues aren’t enough to pay off the loan, the district could fall back on this solid revenue stream from hotel stays.

In other words, federal money funds the project and a tourist tax reimburses it. Under this plan, Kane County taxpayers and water taxpayers are not affected. Unless, of course, golfers don’t show up to play in sufficient numbers and the county has to bail out the golf course.

That won’t be a problem, Noël assured CIB. District consultant Z. Gordon Davidson conducted a market analysis that predicts the price will host 18,000 turns in the first year and stabilize at 25,000 turns in the fourth year. At $ 100 per spin, the net operating income at this level of play would be $ 802,000.

Noel told CIB that Kane County was participating in the project as a partner and that the county commission had approved the use of TRT’s income to the tune of $ 350,000 per year to repay the loan. This is the amount the district would have to pay to repay a $ 10 million loan at 1% interest, he said.

Noel also claimed that district attorney Rob Van Dyke, who is also the elected attorney for Kane County, drafted an interlocal agreement regarding the governance of the golf course.

“In the agreement, there would be a council. The board of directors would be composed of members of the [Kanab] City Council, the [Kane] County Commission, ”Noel told CIB. “The departmental commission wants it. That’s what they told us. They want to be the engine of the recreational part. “

All of this came as news to the Kane County Commission, which issued a letter to the public clarifying its current situation.

County Kane is still on the fence

In a recent interview, Commissioner Brent Chamberlain said Kane County had only just started doing due diligence and was nowhere near committing TRT revenue for the golf course or even participating in the golf course. as a partner. He also said he had not seen any draft interlocal agreements and did not expect the county to complete an independent analysis.

“There is no agreement between the county and the water district at the moment,” he said. “It’s a bit premature. In fact, it is premature to say that it is done and that the riding will support it. If it all comes back and says it’s a worthwhile thing to do, we can do it, but it hasn’t happened.

He warned that the water district’s market analysis “paints a pretty rosy picture” and the county needs to conduct a separate study. His hope is that the course doesn’t require a cent of TRT money to pay off the CIB loan, let alone the $ 350,000 per year that Noel is looking for.

“It would be nice if he could support himself,” Chamberlain said. “Is part of the equation economically viable? Would he be able to stand on his own feet? Would he get to that point, hopefully soon enough, where he wouldn’t demand those kinds of payments from the county? “

All of these questions will be moot if the school trust land managers decide to partner with someone else to develop the land. These officials are required by law to seek the maximum financial return on the 3.4 million acres they oversee, which in this case may not be a golf course.

After Noel looked to lease the 100-acre parcel, SITLA went looking for better deals, according to Kyle Pasley, a property manager at SITLA’s St. George office. Two proposals were submitted by the September 1 deadline and are currently under review.

“We review them through our board of directors and our real estate committee,” Pasley said. “A decision will be made based on what is in the best financial interest of the [school] confidence.”

SITLA’s board is expected to select a winner at its November 18 meeting.

Update, September 20, 2021 This story has been updated to include information regarding the number of golf courses that the Utah Community Impact Board (CIB) has funded in the past.

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Salt lakes real estate

Opening of a new hotel in Djibouti


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Accor adds a new flagship property to its portfolio in Africa with Fairmont Djibouti. The hotel, scheduled to open in 2024, will include 155 rooms and 10 serviced apartments, with five food outlets and 1,398 m² of meeting and event facilities.

Located in the city of Djibouti, the capital of Djibouti and one of the richest areas of the country, the property will be strategically located near the Plateau du Serpent beach, offering its visitors a convenient proximity to the port of Djibouti. In addition, the beachfront location will offer guests unparalleled views, making the Fairmont Djibouti the “new trophy asset” of the Djiboutian hotel market.

“Accor has always been a key player in the tourism industry in Africa,” says Mark Willis, CEO of Accor India, Middle East, Africa and Turkey, and Djibouti is no exception. We are convinced that this project will greatly benefit the Djibouti hotel landscape with the introduction of one of Accor’s flagship luxury brands, Fairmont, while supporting the government’s efforts for its “Djibouti Vision 2035”.

Accor is partnering with Carnegie Hill Hospitality, a company founded in 2018 which is positioned as a major player in the real estate sector in Djibouti, headed by Ms. Haibado Ismail, and displays the strong ambition to be a leader in the tourism sector through ” greenfield developments and strategic partnerships in all segments of the hotel and real estate sector.

Speaking about this brand new Fairmount project, Ms. Habaido Ismail says: “It’s not about building another hotel. The partnership with Fairmont and Accor underlines our desire to create a unique place, emblematic of Djibouti. At the heart of our approach, there is a desire for authenticity. It is about offering a discovery, a destination in its own right that reflects our rich history, a symbol of our hospitality, our culture, our traditions and our ambitions. It is also about participating in the development of the country, its economy, while offering a hotel complex at the highest level of luxury and service.

In addition to the serviced rooms and apartments, the urban complex project will include an all-day restaurant, a specialty restaurant, a specialty bar, a lobby lounge, a pool bar and grill and a tea room. . There will be 1,389m² of meeting space including a large ballroom designed to accommodate corporate meetings, weddings and social events as well as an events area in the outdoor courtyard that can accommodate up to 400 participants. In addition, the project will include spa and fitness facilities, a Fairmont Gold lounge, lounge, kids’ club, beach water sports center and all the amenities to become a destination.

Once opened, Fairmont Djibouti will welcome guests traveling for leisure and family, while expecting high demand from business, government and military travelers. With the government’s vision for 2035, tourist activity is a priority and aims to attract 500,000 visitors by 2035, eager to visit and discover the exceptional natural heritage of the country, the richness of the seabed, the discovery of the desert, nomadic life, which salt lakes and more.

The group has been in Africa for over 40 years and currently operates 155 properties (26,376 keys), with 85 other properties (16,765 keys) in the pipeline.

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Salt lakes real estate

AHIC 2021: Accor confirms its plans for Fairmont Djibouti | New


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Accor adds a new flagship property to its portfolio in Africa with Fairmont Djibouti.

The hotel, scheduled to open in 2024, will feature 155 guest rooms and ten serviced apartments, with five food and beverage outlets combined with 1,398m² of event facilities.

Located in the city of Djibouti, the capital of Djibouti and one of the richest areas of the country, the property will be strategically located near the Plateau du Serpent beach, offering its visitors a convenient proximity to the port of Djibouti.

In addition, the beachfront location will offer guests unparalleled views, making the Fairmont Djibouti the “new trophy asset” of the Djiboutian hotel market.

“Accor has always been a key player in the tourism industry in Africa,” said Mark Willis, Managing Director of Accor India, Middle East, Africa and Turkey, “and Djibouti is no exception.

“We are convinced that this project will greatly benefit the Djibouti hotel landscape with the introduction of one of Accor’s flagship luxury brands, Fairmont, while supporting the government’s efforts for its Djibouti 2035 vision.”

Accor is joining forces with Carnegie Hill Hospitality, a company founded in 2018 which is positioned as a major player in the real estate sector in Djibouti, led by Haibado Ismail, and displays the strong ambition to be a leader in the tourism sector through “greenfields” “. ”Strategic developments and partnerships in all segments of the hotel and real estate industry.

Speaking of this brand new Fairmount project, Ismail said, “It’s not about building another hotel.

“The partnership with Fairmont and Accor underlines our desire to create a unique place, emblematic of Djibouti.

“At the heart of our approach, there is a desire for authenticity.

“It’s about offering a discovery, a destination in its own right that reflects our rich history, a symbol of our hospitality, our culture, our traditions and our ambitions.

“It is also about participating in the development of the country, its economy, while offering a hotel complex at the highest level of luxury and service.

Once opened, Fairmont Djibouti will welcome guests traveling for leisure and family, while expecting strong demand from business, government and military travelers.

With the government’s vision for 2035, tourist activity is a priority and aims to attract 500,000 visitors by 2035, eager to visit and discover the exceptional natural heritage of the country, the richness of the seabed, the discovery of the desert, nomadic life, which salt lakes and more.

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Salt lakes real estate

Noida Authority, Real Estate News, ET RealEstate


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Representative image

NOIDA: The Noida Authority on Friday called on authorities to ensure that developers of collective housing projects in the city hand over responsibility for public spaces and amenities to apartment owners associations (AOA) by September 30.

Noida Authority CEO Ritu Maheshwari released the directive after a meeting here on builder-buyer issues with AOAs and real estate developers, including Supertech Group, Mahagun Group, Prateek Group, ATS, RG Residency, Sunshine Infrawell and Perfect Propbuild.

“During the meeting, it emerged that the promoters of several projects had not yet completed the process of handing over companies to AOAs. In some cases, the interest-free maintenance and security (IMFS) funds have not been returned to the AOAs, ”the authority said in a statement.

“In some cases the maintenance works in the projects are not completed while in others the sewage treatment plants (STP) are not functional. It has also appeared that in some projects, charges for water and sewer facilities are pending, ”he said.

In view of the above, Maheshwari asked officials to communicate with builders and ensure that companies are handed over to AOAs by September 30 in projects for which AOAs have been established, he said. he declares.

“If there is non-compliance by the builder, the CEO has ordered legal action against them and seals their unsold stocks. In projects that do not have a STP, public spaces and clubs should be sealed so that untreated waste does not reach the drainage system, “the statement said.

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Salt lakes real estate

International Investors Prepare for Big Drop in China, Real Estate News, ET RealEstate


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LONDON: International investors who have crowded into China in recent years are now bracing for one of its big falls as the problems of over-indebted real estate giant China Evergrande come to a head.

The developer’s woes have snowballed since May. The decrease in resources against 2,000 billion yuan ($ 305 billion) in liabilities wiped out nearly 80% of its stock and bond prices, and a bond coupon payment of $ 80 million is now looming next week.

What happens then is not clear. Bankers said he would most likely miss the payment and get into some sort of suspended animation where authorities step in and sell some of his assets, but it could easily get messy.

“We’ll have to see what happens,” said Sid Dahiya, head of emerging market corporate bonds at abrdn, formerly Aberdeen Standard, in London, which owns a small portion of the bonds.

“They’re probably working on a deal in the background, but we don’t have any clarity and we don’t really have any precedents, so it’s unexplored water.”

Evergrande warned just over two weeks ago that he risked defaulting on his debt if he failed to raise funds. Since then, he said no progress has been made in these efforts.

Analysts say the big picture is that if Evergrande – which has more than 1,300 real estate projects in more than 280 cities – collapses, it will firmly dispel the idea that some Chinese companies are too big to fail.

That would likely still apply to large state-linked companies, of course, but it also comes after Beijing’s crackdown on big tech companies like Alibaba and Tencent wiped out nearly $ 1 trillion of its money. markets earlier in the year.

Evergrande’s contagion was largely confined to other heavily indebted high-yield Chinese companies which also collapsed, but Hong Kong heavyweight Hang Seng also hit a 10-month low on Thursday, showing it there is a certain gap.

Large global funds are also involved. EMAXX data shows that Amundi, Europe’s largest asset manager, was the largest global holder of Evergrande’s international bonds, although it is likely that it has sold at least some before that things don’t really go wrong.

The Paris-headquartered company had just under $ 93 million of a $ 625 million bond to repay in June 2025, according to EMAXX data. UBS Asset Management was the second holder of this issue with $ 85 million as well as one of the largest holders overall.

Amundi EM Corporate & EM High Yield co-head, Colm d’Rosario described the fundamental image of many Chinese companies as intact “For now, however, we are awaiting the start of a restructuring process (d ‘Evergrande) for more information. “

“It remains to be seen the magnitude of the losses investors will face.”

RELAX

In April, Evergrande bonds were trading around 90 cents to the dollar, now they are closer to 25 cents.

“It has always been rated as a risky investment with a high return, but what the prices are telling you today is that there was some surprise the government let it go completely,” said Jeff Grills. , Head of Emerging Markets Debt for US fund Aegon Asset Management. .

He added that this was an example of a textbook where investors were drawn to the 10% interest rate plus bonds provided.

According to the letter Evergrande sent to the Chinese government at the end of last year, its commitments relate to more than 128 banks and more than 120 other types of institutions.

A group of Evergrande bondholders has chosen investment bank Moelis & Co and law firm Kirkland & Ellis as advisers on a possible restructuring of a tranche of bonds, said two sources familiar with the matter.

Other funds also exposed to bonds include the world’s largest asset manager BlackRock, as well as dozens of others such as Fidelity, Goldman Sachs Asset Management and PIMCO.

Major U.S. financial firms, including BlackRock and Goldman, as well as Blackstone, are due to meet with officials from China’s central bank and its banking and stock regulators later Thursday.

Debt analysts hope the damage may not be too extensive. The holdings are tiny compared to the overall size of these large investment firms. Additionally, only $ 6.75 billion of Evergrande’s nearly $ 20 billion of debt is included in JPMorgan’s CEMBI index that corporate debt buyers in large emerging markets use as a sort of checklist. races.

Others are still wary of the larger signal it sends.

“This is part of a self-reinforcing dynamic in which increasing insolvency risk triggers costs of financial distress, which in turn increase insolvency risk,” said Michael Pettis, senior non-executive investigator. -resident of the Carnegie-Tsinghua Center for Global Policy, on Twitter.

“Until regulators step in and credibly deal with the risk of insolvency at all levels, conditions are likely only to deteriorate.”

Some seasoned emerging market crisis watchers also believe that the problems are yet to last.

“This unwinding hasn’t even really started,” said Hans Humes of emerging debt-focused hedge fund Greylock Capital.

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Salt lakes real estate

Missouri Luxury Retreat is auctioned off | State


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SEDALIA, Mo., September 15, 2021 / PRNewswire / – Cates Auction & Real Estate Company is pleased to announce the auction of a 76-acre luxury outdoor enthusiast’s retreat at Sedalia, Missouri representing one of the most expensive residential sales in Pettis County. The secluded lodge-style home encompasses over 5,000 square feet of living space with miles of well-groomed trails nestled within the heavily wooded property.

Learn more about Cates auctions

Principal agent Ray bucklew and the Cates Auction & Realty team ran a six-week marketing campaign for the property that included a strong digital component reaching both regional and national audiences. In addition, more traditional marketing methods such as print and on-site advertising have also been deployed to capture the attention of the local market to ensure that a wider range of potential buyer segments are aware of the problem. ‘opportunity.

Bucklew has been the primary agent for the successful sale of several luxury homes in the west Missouri, including properties at Loch Lloyd, Lee’s Summit, and Lake of the Ozarks.

“The property provided a unique opportunity due to its secluded location, high end finishes and exceptional exterior features,” Bucklew said. “The property was last listed in 2018, and Cates’ fast-to-market process generated 13 qualified bidders from as far away as Salt lake city and Chicago. By leveraging our competitive auction platform, Cates Auction was able to meet reserves and offer the highest prices in the market. “

Cates Auction & Realty Co. has a 79 year history of selling a variety of properties across Missouri and Kansas. Over the years, Cates has constantly innovated its sales and marketing strategies to ensure that the right message is delivered to the right buyers at the right time.

About the real estate company Cates Auction

Founded in 1942, Cates Auction, a fourth-generation family-owned business, is the Midwest’s premier real estate auction company. Their rich history of service offerings now includes a transition services department alongside their long-standing real estate and real estate services divisions.

View original content to download multimedia: https://www.prnewswire.com/news-releases/missouri-luxury-retreat-sells-at-auction-301377739.html

SOURCE Cates auction

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Salt lakes real estate

How China Evergrande’s Debt Problems Pose Systemic Risk, Real Estate News, ET RealEstate


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HONG KONG: China Evergrande Group has issued new warnings regarding the risks of default due to late payments for wealth management and trust products.

The real estate giant has struggled to raise the funds it needs to pay lenders and suppliers, regulators and financial markets fearing that a crisis will spill over into China’s banking system and potentially trigger crises. wider social unrest.

Who is Evergrande?

Founded in 1996 by President Hui Ka Yan in the southern city of Guangzhou, Evergrande has accelerated its growth over the past decade to become China’s second-largest real estate developer with $ 110 billion in sales last year.

The company was listed in Hong Kong in 2009, giving it better access to capital and debt markets to increase its asset size to $ 355 billion today. It has more than 1,300 developments across the country, many in lower-tier cities.

With domestic sales growth slowing in recent years, Evergrande has also embarked on non-real estate businesses, such as electric cars, football, insurance and bottled water.

How did the concerns arise about the pile of debt?

Investors became concerned after a letter leaked in September showed Evergrande sought government support to approve a now-abandoned backdoor listing plan, warning it was facing a cash shortage.

Concerns escalated after Evergrande admitted in June that it failed to pay certain commercial bills on time, and in July a Chinese court froze a $ 20 million bank deposit held by the company at the request of Guangfa Bank.

Evergrande’s rapid expansion over the years has been fueled by debt. He aggressively raised loans to support his land-buying frenzy and sold apartments quickly despite low margins to get the cycle back on track.

The company’s interim report says its interest-bearing debt stood at 571.8 billion yuan ($ 89 billion) at the end of June, up from 716.5 billion at the end of 2020, as it stepped up its debt reduction efforts.

Total liabilities, which include debts, however edged up to 1.97 trillion yuan, accounting for about 2% of the country’s GDP.

In addition to the usual banking and bond channels, the developer has come under fire for tapping into the less regulated shadow banking market, including trusts, wealth management products and commercial paper.

What has Evergrande done to get out of debt?

Evergrande stepped up efforts to reduce debt last year after regulators introduced caps on three debt ratios dubbed the “three red lines” policy. He said he aimed to meet all requirements by the end of next year.

Evergrande has given buyers significant discounts for its residential developments and has sold the bulk of its commercial properties to increase its cash flow. Since the second half of 2020, it has completed a secondary stock sale of $ 555 million, raising $ 1.8 billion by listing its property management unit in Hong Kong, while its EV unit has sold a stake of $ 3.4 billion to new investors.

It unveiled earlier this year its plan to split up three unlisted units – the online real estate and auto market Fangchebao, as well as theme parks and spring water businesses – in order to free up more capital. Fangchebao has already raised $ 2.1 billion in a pre-IPO in March.

On Tuesday, he said his plans to divest assets and shares to alleviate liquidity concerns had not made significant progress.

Does Evergrande present a risk?

China’s central bank noted in its 2018 financial stability report that companies, including Evergrande, could pose systemic risks to the country’s financial system.

Evergrande’s liabilities relate to more than 128 banks and more than 121 non-bank institutions, according to the letter Evergrande sent to the government late last year. JPMorgan estimated last week that China Minsheng Bank has the most exposure in Evergrande.

Late payments could trigger cross defaults, as many financial institutions are exposed to Evergrande through direct loans and indirect holdings through different financial instruments.

In the dollar bond market, Evergrande accounts for 4% of high Chinese real estate yields, according to DBS. Any default will also trigger massive sales in the high yield credit market. A collapse of Evergrande will have a significant impact on the labor market. It employs 200,000 people and hires 3.8 million people each year for project development.

What did the regulators say?

The People’s Bank of China and the China Banking and Insurance Regulatory Commission summoned Evergrande executives in August and warned that it must reduce its debt risks and prioritize stability.

Evergrande must “actively diffuse the risk of debt and maintain the stability of the real estate and financial markets,” they said in a joint statement, and “seriously implement the strategic measures taken by the central government to ensure stable development. and healthy real estate market, and strive to maintain the stability of operations “.

Media reports that regulators have approved a proposal by Evergrande to renegotiate payment terms with banks and other creditors. The Guangzhou government is also seeking advice from the main lenders in Evergrande on setting up a creditors committee.

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Salt lakes real estate

Developers say they budgeted $ 6 billion to ‘fix’ Utah Lake


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Editor’s Note • This story is only available to Salt Lake Tribune subscribers. Thank you for supporting local journalism.

On a recent walk along the eastern shore of Lake Utah, Ryan Benson reflected on a technical solution to the long chain of environmental insults that have made the lake surrounded by mountains an ecological basket, largely unusable for humans and animals.

Looking out from Lindon Marina, the site of Lake Utah’s worst algae blooms, he described a vision of many man-made islands created from dredged material. These islands would safely contain the polluted sediments of the lake bed, keeping them out of the water column where they would otherwise feed on the algae known to poison the lake.

“These projects have been carried out in the United States for over 100 years. [Florida’s] The Venetian Islands were created in the 1920s, Balboa Island in San Diego, ”said Benson, a political consultant and lawyer from Utah who recently took over the company behind the controversial proposal. . “There are really good technologies that have developed.

In his new role as CEO of Lake Restoration Solutions, Benson hopes to execute his ambitious plan to dredge 1 billion cubic meters of sediment, lower the lake bed 3-6 feet, and carve those elements into 20,000 acres. new lands. A deeper and less shallow lake would calm the action of the waves which stir up sediment and reduce evaporation. That’s the theory anyway, but would that work?

This project is said to be one of the largest island building projects ever attempted in history and could, according to critics, cause far more damage than benefit to the environment.

“There are almost always scientific disagreements and [water] management community on what to do about the big problems, ”said Ben Abbott, professor of ecology at Brigham Young University. “I’ve spoken to almost 100 experts from across the state and haven’t met any who think it’s a good idea.”

But Benson said his company is organizing the research, data and engineering studies that show island building will not only work, but also clean up the lake and restore miles of habitat. He said he had secured pledges from private investors to cover nearly all of the $ 6.4 billion in project costs, but is now seeking buy-in from government agencies.

Great demand

In an application submitted almost three years ago to the Forestry, Fire and Crown Lands Division, Lake Restoration Solutions, or LRS, is seeking title to the lake bed and sediment-formed islands. dredged. Currently, the bed is “sovereign” state land which is supposed to be managed in the public domain.

Called Arches Utah Lake, the man-made islands would then be used for residential development connected to the shore and to each other via a system of causeways.

In return, the project would restore the ecology, habitat and water quality of the third largest freshwater lake in the West, and transform it into a recreational destination comparable to Lake Payette in Idaho, in Coeur d’Alene and other large mountain lakes in the region, according to Benson. .

In 2018, the Utah legislature ordered state land managers to review the company’s proposal, but LRS has yet to file an application or associated documentation with state or federal agencies that would review the project.

Benson said the company planned to submit a “notice of intent” in the coming weeks with the US Army Corps of Engineers, which would begin a federal review under the National Environmental Policy Act, or NEPA. He pledged a public rollout, making LRS experts and engineers available to explain the project and the research to support their claims that building an island would benefit the environment and the public.

He said he couldn’t identify who is providing financial support.

“These commitments are in place. These are commitments signed with some of the world’s largest environmental and impact-focused funds, ”said Benson. “A lot of these relationships are confidential, so we need to be given permission before we can discuss them.”

Meanwhile, more than three years after assembling a team to review the request, the state licensing agency has yet to receive anything to move the project forward.

“We haven’t audited any of these financial statements,” said Jamie Barnes, director of the FFSL. “We haven’t received anything other than what’s on our website and that’s just the proposal.”

A big dumping ground

The people of Utah have used the lake as a toilet for decades, dumping sewage, agricultural runoff, industrial waste and invasive fish into its waters. As a result, algae sometimes explode into toxic blooms and invasive grasses clutter its shores. Had it not been contaminated, Lake Utah would likely be a natural gem, home to diverse populations of migratory birds, wildlife, and native fish.

Instead, its murky waters are infested with invasive non-native plants and fish, especially carp that had been deliberately introduced in 1883. It’s no wonder that few people visit Utah’s namesake lake in the United States. heart of its second most populous county.

Benson and his partners want to change that, but doubts remain about their ability to do so.

At the heart of the project is the deepening of the shallow lake by sucking 1 billion cubic meters of sediment from the lake bed.

“The main goal is to remove total dissolved solids… but also phosphorus, nitrogen, stuff,” Benson said. “He’s in the sediment until a wave event suspends him. Then it’s in the water column and it causes algae blooms.

Its plan is elegantly simple: to permanently sequester contaminated sediments in artificial islands.

“Think about 500,000 tonnes of total dissolved solids,” Benson said. “A lake cannot naturally process this amount of biological material.”

Imperfect sales work?

Abbott argues that Benson exaggerates the magnitude of the nutrient problem on the one hand and overestimates the benefits of dredging on the other.

Polluted sediment from Lake Utah is concentrated in Provo Bay, where agricultural runoff entered through the Provo River, and along the northeastern shore where sewage and later treated sewage was discharged, according to Abbott, who hosted a forum last month to voice concerns about the project.

“It’s a tiny fraction of the sediment in the lake that’s polluted the way they claim,” he said. “There is no ecological benefit to dredging the main body of Lake Utah because the sediment is not polluted. “

According to Benson, LRS is performing an analysis of the lake bed to determine the true extent of nutrient contamination.

Regardless, Abbott and others suspect that dredging could even worsen algal blooms and disrupt the lake’s ecology in other ways. This is because a deeper lake could ensure that the natural nutrients end up nourishing the flowers. The lake bed contains background levels of nutrients that predate the arrival of the settlers, according to Abbott. These nutrients are not available to the algae because the lake water is generally rich in oxygen and the nutrients remain bound to the mineral particles.

“You can mix the water and these nutrients are not released. It’s not available for algae, ”Abbott said. “However, once you have a deep lake, you get areas where oxygen is drawn. Then you get a massive release of nutrients. It is a well-established phenomenon that occurs in man-made reservoirs around the world. “

“Beneficial” uses

The other big technical problem that LRS has to solve is where to put a billion meters of mud? Transporting it for disposal in the Western Desert is not an option. Again, Benson’s solution is simple: create new land.

“The new gold standard is to use the material advantageously and the recommended uses of it are threefold. One concerns habitat restoration. The second is for beach replenishment, or you could say recreation, ”Benson said. “And then the third is for development.”

Arches Utah Lake would include all three uses by enclosing the sediments in “geotextile” tubes that would form the foundations of the islands.

“Some of these islands will be just for recreation,” Benson said. “Some will be conservation tools, estuaries or barrier islands. “

And about half will support residential development that could accommodate up to half a million people, according to project founder Ben Parker. The prospect of a sprawling suburb in the lake alarms many environmentalists, but without development the project would not be economically feasible.

Real estate sales are what will pay for the project.

Government financial assistance

The company also seeks loans of unspecified amounts from the United States Environmental Protection Agency (EPA) through the Water Infrastructure Finance and Innovation Act. This federal program finances billions of low-interest loans to support projects that benefit water quality.

According to the EPA, Lake Restoration has submitted letters of interest to participate in 2020 and 2021. The company was not invited to apply after the first application, while its second application is still under review, according to the EPA. agency spokesperson Barbara Khan.

In the meantime, the last session of the Utah Legislature approved $ 10 million in loan guarantees for the project without any of the usual public audits for such funding requests. These guarantees must be administered by the Governor’s Office of Economic Opportunities, or Go Utah.

To get the money, LRS has to go through the Industrial Assistance Fund, but the company has yet to submit any documents, so that money has not yet been committed, according to the deputy director of Go Utah, Benjamin Hart.

“If there is ever a feeling that this project is going to collapse or not going to be worth taxpayer dollars, we are not absolutely obligated to make that investment,” Hart said.

Benson said the guarantees are intended to secure the necessary funding for the pre-construction phases of the project.

“This is an important signal from our state partners of their commitment to restore Lake Utah,” he said. “This money actually stays in the state coffers. “

Unless, of course, the project goes bankrupt. In this case, the $ 10 million goes to creditors and the state can start cleaning up Utah Lake the old fashioned way again.

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Salt lakes real estate

Pandemic Thoughts – The Great Maine Real Estate Rush


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Two years ago, I presented my historian’s report to the Kennebunk Fire Society annual dinner and meeting. My topic included the events and emotions that led to Massachusetts’ decision to abandon Maine as part of the Missouri Compromise of 1820.

Given the real estate market fueled by the pandemic, is the Commonwealth of Massachusetts suffering from buyers’ remorse? Could the glut in sales be part of a secret plot to bring Maine back into the Bay State fold? Photo courtesy of Maine Turnpike Authority

That’s a pretty dry subject, even for a retired American history professor, especially after diners feasted on turkey dinners with all the trimmings. I launched a personal joke that our local real estate sales meant that today’s Massachusetts may be suffering from buyer’s remorse. Could this be part of a secret conspiracy to bring Maine back into Bay State’s fold?

Some of the guests laughed. Some of the more recent mass emigrants told me later that they were not happy. None of us could have imagined what was to come.

Prior to 2020, Maine’s real estate market followed a fixed pattern, generally favoring the buyer. It was not rushed, as there has never been a shortage of available housing. The buyer has often asked a bank for a letter certifying that you were prequalified for a mortgage loan.

Open houses were common and buyers had a lot of choice. Once the decision was made, it was a pretty standard offer. Subjected to 90 to 95 percent of the listed price, it required 80 or 90 percent bank approval (a certain deal killer if not obtained), and inspection, which offered the potential buyer the opportunity to nitpick the final price. Sometimes a rare find came in and sold for a few thousand more than the listing price.

Once the final contract was signed, the savings and loan began their paperwork, a credit check was performed, title was sought, and a deed was prepared. Spring was the busiest time. The families wanted the children to go to school in September. At the time, it was mostly a level playing field to realize the American dream of owning your own home. It had been that way for our parents too, and it seemed to continue.

I was not far away with my 2019 dinner quip. There had been a marked “far” increase in our local housing market. Empty nests were downsizing or moving to Florida. The prices appreciated. Soon the locals were shaking their heads as 1% discovered us and teardowns were replaced with McMansions.

A trend was developing.

To the south of us, a growing number of grass-is-greener-on-the-other-side dreamers were tired of rising crime rates, long car trips to work, high property taxes, urban scourge, polluted air and just too many people.

Many had fond memories of Maine from camp week or family summers by the lake or lakefront. Some had grown up in Maine, but left after graduation. The lure of Maine still called them. Then COVID hit and as infection rates increased elsewhere, Maine began to look like a safer shelter amid a raging blizzard.

The rush was on, but none of us could have anticipated this new steroid-bloated real estate market. It was also happening in the midst of a deadly COVID pandemic that was effectively shutting down New England.

Many local homeowners, hearing rumors of escalating house prices, were drawn in, but were reluctant to put their properties on the market during a pandemic. Our real estate agents had to ditch their traditional open houses, but quickly rallied around and had virtual tours and up to 50 professionally taken photographs for each property listed on the agency’s website. They’ve compiled lists of their most committed, spirited, and desperate house hunters.

In the beginning, there were only a small number of properties, ranging from the starter house or condominium to luxury real estate. The hottest sector was the $ 300,000 to $ 600,000 range. Given the law of supply and demand, a raging bidding war erupted in early spring 2020 and continues unabated today.

Homes started selling within the first 24 to 48 hours they were listed. The real estate signs were going up and down so fast that they started to look like our local version of the Whack-a-Mole carnival game. Sales signs have appeared in all neighborhoods. The market was so hot that some of the bidders made their bid without being able to walk into the property. The old standard offer exercise has been abandoned. He was now replaced by the one with the largest stash of money and the fastest pen.

Out-of-State bidders, hoping to overtake the pack, made all offers in cash with certified bank letters attached indicating the money available for properties with listing prices already. very swollen. To improve their chances and eliminate any time wasted on counterbids, they included escalation clauses, indicating, if they were outbid, by how much they were willing to go higher. We are familiar with the escalators, which added up to $ 75,000 more to the initial offering.

More and more buyers, breathless at hearing these staggering sale prices, put their properties on the market. The competition was so intense that many cash buyers abandoned the inspection requirement, thus becoming responsible for any necessary repairs or property defects. Many wanted a faster closing date. The money in their checkbooks must have gotten a hole in their pocket or purse.

Much like COVID and its Delta variant, no one knows if or when this Maine real estate rush will end or its effects on our three cities and our daily lives. Are these new residents going to impact us? Are we going to have an impact on them and their expectations? Will our colleagues from the Mainers be able to afford a house along our coast?

Maine political experts already describe York County’s narrow strip of land, 12 to 15 miles inland from the salt water, as Massachusetts North.

Tom Murphy is a retired history professor and state representative. He is a resident of Kennebunk Landing and can be reached at [email protected]

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Salt lakes real estate

ASB and Western National pay $ 227 million for Inland Empire assets


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Solamonte. Image courtesy of ASB Real Estate Investments

Mesirow Institutional Real Estate Direct Investments sold Solamonte, a 521-unit garden-style community in Rancho Cucamonga, Calif., For $ 227 million. ASB Real Estate Investments partnered with Western National Group to acquire the asset, which was 98.5% occupied.

The property, formerly known as AMLI in Empire Lakes, was last traded in 2016, when the current seller bought the community for $ 130 million, according to Yardi Matrix. Mesirow had financed this acquisition with a loan of $ 81.5 million from AXA Equitable Life Insurance Co.

Continuous improvements in a hot market

Located on 20.5 acres at 9200 Milliken Ave., the 12-building community includes one, two and three bedroom apartments with floor plans averaging 934 square feet. Mesirow recently completed renovations on the property built in 2001, upgrading 80 percent of the units. The new owners plan to continue updating the asset.

Solamonte has a variety of outdoor amenities, from a movie theater to a saltwater pool with poolside cabanas and grilling areas. There is also a club lounge, a fitness center and a games room equipped with pool tables and arcade games.

The community is less than a mile from a Metrolink station and has easy access to Highways 10 and 15. Two major shopping centers – Victoria Gardens Mall and Ontario Mills – and the Ontario International Airport are within 3 miles from Solamonte, with downtown San Bernardino 15 miles east.

Inland Empire was among the top multi-family markets for rental growth through June, according to Yardi Matrix data. The metro has benefited from positive migration trends with prices significantly lower than in neighboring Los Angeles.

The acquisition of ASB and Western National is just the latest of a number of major deals to be completed in the market this year. In August, Tower 16 Capital Partners expanded its presence in the Inner Empire with the purchase of 504 units in Moreno Valley, California. The company paid more than $ 107 million for the two communities.

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Salt lakes real estate

Check out the 10 most expensive homes for sale in MI right now


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Have you ever seen houses while you are driving and see how absolutely gorgeous they are on the outside and think “man, I wonder what that must look like on the inside?” “

Well, thanks to real estate websites like Zillow, we can see the interiors of many fabulous places that were for sale at the time. You can take a look at the pictures of the interior and get all the details of what’s going on there and get all the details … whether you understand most of it or not.

Michigan real estate market

We’ve heard a lot about the housing market madness in 2021. Stories of bidding on a house only to be sold from below you to the next highest bidder, total bidding wars among others interested parties, and even hopeful buyers even trying to flirt with sellers with handwritten letters and gift baskets.

It was pretty brutal and on August 2, 2021, MLive reported that house prices here in Michigan were the highest this year than they have been since 2003.

“Compared to last year,” says MLive. “The median price rose 18.4% to $ 244,000 for residential homes on the Lower Peninsula.”

Even with an increase in prices, they say that in the same month, almost half (47%) of the homes on the market were bought and then sold.

What about multi-million dollar mansions?

Despite their high price, what do we think the market for homes that cost millions and millions of dollars looks like?

Michigan mansions certainly range from homes with incredible views of the lakes to oceanfront estates to national forest properties and beyond. Let’s take a look at some of the more expensive ones, okay?

The 10 Most Expensive Michigan Homes On The Market Right Now

Are you one of those people who love to scroll through real estate websites like Zillow and daydream? Here’s a look at the most expensive homes for sale in Michigan right now, in order of cheapest to most expensive (note: there aren’t any below $ 7 million here).

What do you think?

As someone who just moved into a new home, it certainly LOOKED like a mansion compared to where we used to live … I absolutely enjoy the one I’m a little bit more in, in fact.

Of course, it’s great to marvel at these properties and imagine what you can do with and in them; however, just trying to think of what you would do even with all that space fills me with anxiety.

You just have to know what to do with the space I already have … and some of those massive windows seem like a nightmare to clean … how many birds do you think die each year flying through some windows? of these things?

Still, it’s still fun to take a look.

WATCH: Famous historic homes in every state

WATCH: This is the richest city in every state

Just saying the names of these towns immediately conjures up images of grand mansions, fancy cars, and fancy restaurants. Read on to see which city in your home state received the title of richest place and which place had the highest median income in the country. Who knows, your hometown might even be on this list.

KEEP READING: Discover The Richest Person In Each State

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Salt lakes real estate

Discussion FOCUS: Growth in Utah (housing)


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SALT LAKE CITY (ABC4) – According to the US Census Bureau, Utah’s population has grown by 18.4% or 507,731 residents over the past ten years – the fastest rate in the country.

Growth is having a substantial impact on our state with a housing shortage, increased traffic on major roads, more air pollution, increased demand for resources, etc. Over the past week, we have explored how population growth is affecting different regions of our state, with a different theme each evening for our IN FOCUS discussions that include agriculture / open land, transportation, quality of the land. air, water / drought and housing.

Envision Utah reports that Utah is currently facing a housing shortage of between 40,000 and 50,000 units. Their researchers say less than half of our population can afford the median price of a home right now, which essentially means there are firefighters, nurses and teachers who can’t afford to live. in or near the communities they serve. In addition, the organization finds that house prices along the Wasatch Front have risen more than in most parts of the country.

The shortage is mainly caused by a combination of “perfect storm”. Envision says Utah has a higher birth rate than the national average, with children accounting for 65% of our growth. There are currently labor and material shortages. In addition, our geography places constraints on how far we can build due to our mountains and lakes.

There isn’t much land left near our main employment centers and experts say that if we don’t allow more housing in the valley where the jobs are, people will have to drive further to work, which will lead to a loss of housing. increased traffic, air pollution and infrastructure costs. . They say that does not necessarily mean that we have to build apartment buildings everywhere. But ideally, these apartments should be close to jobs, shops and public transport. The researchers also suggest accommodating more units with smaller lots, townhouses, duplexes, basement apartments, etc.

Ari Bruening, President and CEO of Envision Utah joined ABC4’s Rosie Nguyen on CW30 News at 7 p.m. Will have to go a long way to find affordable housing, how we can add more housing without worsening traffic and air quality, and what our housing situation will look like in the coming decades.

Dejan Eskic, senior researcher at the Kem C. Gardner Policy Institute, discussed the data on how homes are becoming unaffordable in Utah, how we stack up against the rest of the country when it comes to our home prices, nuances that come with building more housing, what causes housing prices to rise, whether people should wait until homes become more affordable before buying a home, and what are the best practices for keeping housing affordable.

Angela Price, policy director of the Salt Lake City Communities and Neighborhoods Department, explained what the city can do to encourage historic buildings to be reused rather than demolished, how the city is responding to neighborhoods that oppose change for new types of housing, and how the city thinks creatively about housing solutions.

To watch the full IN FOCUS discussion with Bruening, Eskic and Price, click on the video at the top of the article.

Watch IN FOCUS chats with ABC4’s Rosie Nguyen on weeknights on CW30 News at 7 p.m..

Rosie Nguyen is an award-winning reporter who joined the ABC4 News team as a reporter in January 2018. In September 2020, she embarked on a new journey as a presenter of CW30 News at 7pm. Although no longer in the field, she pursues her passion for social justice and community issues through the nightly “In Focus” discussions.

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Salt lakes real estate

Everything you need to know about the booming upstate New York real estate market


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This article is reproduced with permission from The escape house, a newsletter for secondary owners and those who want to be. Subscribe here. © 2021. All rights reserved.

Living outside of major US cities has become expensive but potentially lucrative for buyers and sellers. One of the hottest real estate markets in the United States right now is upstate New York, which is loosely defined as the cities and suburbs north of the New York metropolitan area. Low mortgage rates and people wanting to flee big cities for quieter, less crowded towns and neighborhoods have contributed to the boom.

The whole country has seen a real estate resurgence, with 94% of metropolitan areas experiencing double-digit growth in the second quarter of 2021, according to the National Association of Realtors (NAR). The median selling price of existing single-family homes in the United States rose 22.9% to $ 357,900, an increase of $ 66,800 from a year ago.

New York City has long had some of the highest real estate prices. As the city recovers from the pandemic, many people are looking to escape to more rural areas of the state. Here’s what you might end up paying for some of the most popular cities in upstate New York:

From the second quarter of 2020 to the second quarter of this year, Kingston saw a 22.5% increase in the median price of existing single-family homes to $ 338,300, the NAR reported. Glens Falls saw an 18.2% jump from the median price to $ 232,900. Elmira saw a 10.4% increase to $ 141,800.

The Escape Home spoke with realtors in upstate New York to find out what it was like to buy and sell a property during all the madness. Here’s what they had to say:

Mary Lou Pinckney, Director of Corporate Relocation for Select Sotheby’s International Realty

Q: What is the life of a real estate agent like in upstate New York like now compared to before the pandemic?

A: Life as a real estate agent in upstate New York is both very lucrative and challenging. Before the pandemic, we had a large stock and the price was right. Since the pandemic, residents of the tri-state area – New York City, Connecticut, New Jersey – have flooded the Adirondacks and the Finger Lakes, wanting space, property as well as square footage. They worked and continue to work remotely and just love it.

Our markets – Saratoga Springs, Hudson, Adirondacks, Finger Lakes – have exploded so much because they were discovered. People fleeing the city have come north and found a tremendous quality of life with vibrant small towns with a lot to offer in terms of restaurants and art.

Q: What are the most active markets right now and what types of housing are people looking for?

A: The hottest cities are Hudson, Saratoga Springs, Bolton Landing, Lake Placid, and the Finger Lakes in central New York City. People are looking for open-plan homes that have a separate and quiet space for home offices, spaces for home gyms, Pelotons, etc., pools, outdoor patios, and three to four season porches. Many are looking for properties by the water or by bike, within walking distance of town.

Q: Do you see more bidding wars?

A: There are definitely bidding wars. Houses stay on the market from 24 hours to a week. I have seen the prices climb to over $ 100,000 from the asking price.

I missed at least four offers because the sellers accepted higher prices or better terms or both. For example, [buyers] forgo inspections or pay cash to evade a bank valuation.

Q: What’s the most expensive property you’ve sold recently?

A: The most expensive house I just closed was $ 3 million. We had a lot of interested parties, but the couple who bought it acted quickly, not to get into a competitive bidding situation, and they put a really big down payment with the contract.

Q: Do you see more foreign buyers?

A: We have had foreign buyers. However, they were from New York and Connecticut.

Q: Do you still hold open houses?

A: Open doors are non-existent. I think you will see less and less. People are always afraid of being in spaces that they are not sure are “safe”. We are not yet out of this pandemic, in my opinion.

Q: Do you think that sellers were pricing houses too high and buyers were willing to pay too much?

A: Yes, the sellers were pricing houses too high, and if the location was right, people were definitely paying too much. I had an ad that had multiple offers and sold way beyond demand as the location was great but the house needed a lot of work. Location is a determining factor and if the square footage is there, buyers are willing to spend more on purchase price and more on updating homes.

Q: What is your best advice to people trying to buy in this market?

A: The best advice is to hire a professional broker / agent who seriously listens to your needs and your price, who will be willing to go the extra mile and network and be proactive in finding you that special home.

Timothy Sweeney, President of Hudson Valley Catskill Region Multiple Listing Service and Owner of Berkshire Hathaway Home Services Nutshell Realty

Q: How does the upstate New York real estate market look like compared to pre-pandemic levels?

A: The market we know now is similar to what happened after [the] Terrorist attacks of September 11. When September 11 happened in 2001, a wave of buyers from the New York metropolitan area flocked to the central Hudson Valley. At that time, the average selling price in Ulster County was $ 218,000. Six years later, mainly due to the migration of buyers from the New York subway, the average selling price has reached $ 303,000. The mortgage crisis of 2008 caused homes to depreciate by about 25%. When Covid-19 hit, the market had fully recovered to reach $ 300,000 plus the average selling price. The big difference between the market driven by 9/11 and the post-Covid-19 market is that the 9/11 buyer typically bought a second or weekend home. A large portion of post-Covid-19 buyers have purchased a full-time residence. The ability to work remotely has been a game-changer for real estate in the upstate market.

Q: Do you see continued low housing supply and continued price appreciation?

A: Significant development in the majority of communities in our region is not viewed favorably. When combined with the difficulty and cost of navigating planning council approvals, we will most likely see a continuation of the low inventory of existing homes. As long as this continues, home prices will experience some level of appreciation.

Q: Do you see multiple offers in your properties?

A: We are seeing many multiple offer situations. In fact, multiple offers are more the norm these days. There are also a huge number of cash buyers in the market.

Q: Is there still a need for open days?

A: Open days in our market are very rare due to the rural nature of our region. Plus, with such a hot market, open doors aren’t really necessary. New listings, if priced right, sell out within days.

Joan Roberts, Associate Real Estate Broker at Coldwell Banker Timberland Properties who focuses on the Catskills Mountains, Ulster County and other areas of New York

Q: How has the Catskills market changed since the start of the pandemic?

A: [It is always] busy in our Catskills region, but the pandemic has brought two to three times as much business. Most of Brooklyn, Manhattan, Long Island and northern New Jersey. But Brooklyn is definitely the winner. It hasn’t really calmed down yet and now we’re gearing up for another wave.

Q: What caused this real estate boom?

A: Fear of being among too large a population and realizing that they can get away from city life in two to three hours. Many of our residents work from home and many areas of the Catskills now have all the necessary amenities: Internet, WiFi, cell service. In addition, we offer many recreational activities: Skiing. [There are] five major ski slopes in this region alone. Swimming, golf, hiking, boating, kayaking.

Q: What are the hottest cities / markets in upstate New York right now?

A: Most of Ulster County has been a hot spot, even before the pandemic. Cities like Woodstock, New York and Kingston have experienced tremendous growth. But the Middle / Western Catskills have also become very popular. The Margaretville / Roxbury areas have developed and become a tourist mecca. Home sales have led this trend and townhouse sales are finding the same popularity. There are fabulous gourmet restaurants in the Catskills, as well as delicious organic, vegan and trendy places.

Q: What are the most popular types of properties?

A: All types of homes, from cabins to log cabins. Most want at least an acre or 10. And then there are those who prefer a townhouse community where there is great amenities and full maintenance. These all sold out very quickly. In Roxbury Run Village, a townhouse community in Roxbury, NY, there are 120 units and typically 10% have been for sale at some point. We went through the inventory available during the pandemic and now maybe there was one on the market. And they sell out really fast, for cash and involving bidding wars and escalation clauses.

Q: Do properties receive multiple offers?

A: There are certainly bidding wars, many of which exceed current property values.

Q: What is your best advice for home buyers?

A: The best advice is to do your homework to find out what you want. Then get pre-approved by a credit institution or your personal investments. People are looking for quick closings. The best deals are the cash deals – no mortgage, no inspection, no appraisal. Clean and fast.

This article is reproduced with permission from The escape house, a newsletter for secondary owners and those who want to be. Subscribe here. © 2021. All rights reserved.

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Utah economy

Cuomo’s drive to dominate led to success and downfall – ABC4 Utah

In 2018, when there was talk of running for president, Andrew Cuomo insisted there was only one reason he would step down sooner. And it wasn’t the White House. “The only caveat,” he said, “is if God strikes me to death.”

Another possibility will come true this week, when the Democrat resigns in disgrace, his allies gone, his legacy marred by allegations of sexual harassment. This ending was not caused by love at first sight, but by 11 women who told their stories to investigators.

For those who have watched Cuomo’s daily COVID-19 briefings and seen a beacon of strength and skill, Cuomo’s departure from the Governor’s Mansion may seem like an astonishing reversal. For New Yorkers, and especially those who clashed with Cuomo, it’s a story of how his drive to dominate made him the master of New York politics and brought about his downfall.

“My natural instinct is to be aggressive, and that doesn’t always serve me well,” Cuomo acknowledged in a recent brief detailing his response to the pandemic. “I am a controlling personality. … But you show me a person who is not in control, and I’m going to show you a person who is probably not very successful.

But while equating control with success led to Cuomo’s accomplishments, it also precipitated his downfall. Many Cuomo accusers told investigators the governor used his power and the threat of retaliation to harass them, believing they would never come forward.

“The Andrew Cuomo I’ve known since 1995 has always been about power and control,” said Karen Hinton, a former Cuomo aide when he was Housing Secretary under President Bill Clinton. “His bullying, his flirtation, his sexual connotations are a lot about controlling the person. He thought he would get away with this power and control.

Hinton is not among the 11 women at the center of the attorney general’s report, but she said Cuomo once gave her an uncomfortable hug in a hotel room “too long, too narrow, too intimate.”

The investigation overseen by New York Attorney General Letitia James and led by two outside attorneys corroborated accusations that Cuomo inappropriately touched women, commented on their appearance, or made suggestive comments about their sex lives. Most of the women worked in the state government.

Cuomo apologized for some of his actions and said others were misunderstood. He said some of the accusations were “unfair and false” and politically motivated. While initially provocative, he announced earlier this month that he plans to step down on Monday. He will be replaced by Lieutenant Governor Kathy Hochul, who is expected to become New York’s first female governor.

But not before one last emergency to challenge Cuomo in his dying days. The arrival of Tropical Storm Henry on Sunday put Cuomo back into the familiar role of responding to a natural disaster. Whether it was Super Storm Sandy, winter storms in Buffalo, or just a typical upstate snowstorm, Cuomo, the executive, always seemed to be the most engaged in natural disasters. , sometimes even responding personally to motorists stranded in snowstorms (still filmed, of course).

Son of former Governor Mario Cuomo, Andrew seemed destined to follow in his father’s footsteps. As a young man, he was his father’s assistant and campaign manager before joining the Clinton cabinet. He returned to New York for a failed gubernatorial bid in 2002, then won the attorney general’s office four years later. In 2010, he ran for governor again and won.

Almost immediately he began to leave his mark on the state. He angered progressives by making deals with Republicans. He announced major economic development programs designed to turn around the economy in the upstate. He gathered voices for same-sex marriage, gun control and tax caps.

If he had won a fourth term in 2022, he would have surpassed his father’s three terms.

Although he is great at Albany’s behind-the-scenes negotiation culture, Cuomo has never seemed so comfortable with the personal side of politics. He’s not a baby kisser, but rather a political operator who knows how the sausage is made and seems to enjoy the job.

Cuomo also seemed to be delighted with the decrease in opponents and critics, whether they were reporters or political rivals. He mocked a GOP opponent as being short, dismissed 2018 Democratic challenger Cynthia Nixon as a ‘sipping prosecco’ actress, and regularly tormented his former friend turned nemesis, the mayor of New York City. Bill de Blasio.

Cuomo declined to comment on the Associated Press through a spokesperson, who also declined to comment on his behalf. Instead, Cuomo’s remaining loyalists have taken to social media to defend his accomplishments as governor, a list that includes the sexual harassment laws he is accused of violating.

This is not the only contradiction of his long career.

He built more new bridges, stations and airport facilities than any governor in decades, but he cut funding to local governments struggling to pay for aging sewers and roads.

It bragged about investments in new businesses and in western New York City, but many programs generated few other state-funded ads featuring Cuomo. Two of Cuomo’s closest advisers have been sentenced to prison terms for corruption over economic development spending. Investigations into Cuomo’s role ended without charge.

He won an Emmy for his daily COVID briefings and was so proud of the state’s response that he wrote a book – even though his administration has been accused of covering up deaths in nursing homes after having them forced to accept COVID patients.

“The country was mesmerized by Governor Cuomo’s outspoken speech on the pandemic, but he didn’t even follow the experts,” said Susan Lerner, executive director of Common Cause, a good government group that has long clashed with Cuomo. “It’s emblematic of his style: the performance is superb, but when you go into the details, there are big holes and very little substance.”

State Senator Liz Krueger, a Democrat from Manhattan, said it was too early to examine Cuomo’s performance as governor, given that there are criminal investigations into the harassment allegations and questions about his management of nursing homes during the pandemic.

Lawmakers will know more once Cuomo leaves office, and they can assess whether his administration has overstated any of his accomplishments.

“His legacy will also be based on what we learn,” Krueger said.

Cuomo has not said where he will live after leaving the governor’s mansion in Albany. The Westchester County house he once shared with his ex-partner Sandra Lee has been sold. Lee, cookbook author and television chef, has since moved to California, although she was recently spotted in Europe with a new boyfriend.

His next professional steps are also unclear. With a law degree and extensive experience in brokerage transactions, Cuomo could work as a lawyer or real estate development manager.

Could he attempt a comeback? His campaign coffers remain empty, with $ 18 million. Former Congressman Anthony Weiner and former Gov. Eliot Spitzer, who both resigned amid sex scandals, have tried to run for office in New York City. Both lost.

In today’s post #MeToo climate, the public is perhaps even less forgiving, according to Doug Muzzio, a political scientist at Baruch College.

“It will eclipse most thinking voters,” Muzio said. “He has a lot of accomplishments. He was a master builder. When elected, the state was in a $ 10 billion budget hole. And he solved it without raising taxes. But will anyone remember it?

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Salt lakes real estate

Palm Harbor apartments sell for $ 67 million, former Rays manager lists house • St Pete Catalyst


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A Palm Harbor apartment complex is selling in a big acquisition. Leading hotel developer working with large flags buys hotel in Clearwater Beach. Another important apartment acquisition takes place. A doctor’s office next to St. Anthony’s Hospital in St. Pete is recovered. Film and media company buys warehouse to expand studios. A former Rays manager’s house hits the market. A house linked to actor John Travolta has a new owner.

Here is this week’s roundup of local real estate offers:

Stillwater Palms apartment complex sells for nearly $ 67 million

A large multi-family operator has purchased the 396-unit Stillwater Palms apartment complex in Palm Harbor.

Los Angeles-based multi-family investment firm TruAmerica Multifamily has taken over ownership of 2350 Cypress Pond Road in a deal worth around $ 67 million.

The Stillwater Palms Apartments. Google Maps.

The group took out a mortgage of $ 58.8 million for the purchase. The group also completed a separate transaction, purchasing another 20 units for $ 3.525 million.

TruAmerica Multifamily is a leading management company aspiring to be the leading multi-family investor and operator in the United States. The group usually buys class B apartment complexes and renovates them.

The acquisition of the Stillwater Apartments represents the largest purchase of the group’s recent acquisitions totaling $ 209 million.

The company’s portfolio of properties includes other complexes in Palm Harbor, such as the 292-unit Lakeview at Palm Harbor complex, which was acquired in late 2020, and the 262 Twin Lakes units in North Palm Harbor, acquired in 2019.

Other nearby resorts include the 329 Aspire at Gateway units in Pinellas Park, the 212 Bayou Point units in Pinellas Park, and the 461 Four Lakes units at the Clearwater property.

Beachview Suites hotel in Clearwater Beach sells for $ 27 million

A Tennessee-based developer has acquired the Beachview Suites Hotel and its adjacent property on Clearwater Beach.

The two plots were sold to the 3H group as part of a $ 27 million deal.

Beachview Suites Hotel in Clearwater Beach. Google Maps.

The 3H Group is a leading developer of hotels, retail businesses, residential real estate and office spaces.

The five-story, 38,450-square-foot hotel has over 60 units and is located along Clearwater’s waterfront promenade. The property is nestled between the popular Surf Style retail store and Crabby’s Bar and Grille restaurant.

The hotel is not the first Clearwater property in the group’s portfolio. The 3H group also owns the 115 SpringHill Suites / Residence Inn by Marriott Clearwater Beach rooms at 309 Coronado Drive.

The apartments on 2nd street are acquired

The Four Square Management group acquired the 2nd Street Apartments building for $ 4 million.

The apartments on 2nd street. Google Maps.

The three story complex, located at 711 3rd Ave. S., was built in 1929. It measures over 28,500 square feet and has 74 residential units.

The Fort Myers-based company also took out a $ 6.5 million mortgage to purchase the complex, occupying multiple lots.

St. Anthony’s Hospital Large Doctor’s Office Sold

An approximately 14,000 square foot medical office located at St. Anthony’s Hospital sold for $ 2.3 million.

The property at 1401 5th Ave. N. Google Maps.

The Pennsylvania home buying group Fifth Avenue Property Group is the new owner of the property at 1401 5e Ave. N. located in historic Uptown.

The property was built in 1977 and appears to have been used as a residential property.

Fifth AVG typically purchases properties that are vacant and in distress.

The production and cinema company takes over the headquarters of ComDesign

St. Pete-based Litewave Media, a production company known for working on local films, has purchased a warehouse that it will reuse for additional and advanced studio space.

Litewave Media

The group purchased an 11,412 square foot office warehouse at 9850 16th St. N. in a $ 1.4 million deal and also took out a $ 1.12 million mortgage for the purchase.

The warehouse was the headquarters of telecommunications cabling supplier ComDesign.

The plan would be to build three new studios in the warehouse over the next two months and have the fourth studio in the warehouse in 2022.

Former Rays manager’s house hits market

Former Rays manager Joe Maddon is selling his home on Bayshore Boulevard.

Maddon was hired to work for the Rays in 2006 as the team manager. Today, he is the manager of the Los Angeles Angels.

The house at 1001 Bayshore Boulevard. Realtor.com.

However, Maddon still has ties to Tampa. He is a partner of the Ava restaurant in South Tampa. Her charity, the Respect 90 Foundation, is still based in Tampa.

He and his wife, Jaye, bought the 1917 home at 1001 Bayshore Boulevard in 2012 for $ 1.76 million.

The 5,403 square foot Dutch colonial house was previously the home of former Bucs coach John McKay.

The asking price is $ 3.9 million.

The main house has four bedrooms upstairs, three full bathrooms and a powder room.

The kitchen. Realtor.com.

The Maddons completely renovated the house, including installing a new roof and gutters, windows and HVAC systems (in the main house), updating the water filtration system and installation of new electrical panels.

There is a guest suite above the three car detached garage which includes two bedrooms and a bathroom.

There is also a separate room described as a media room / music studio / theater room with five televisions.

Outside the main house there is an updated and remodeled salt filtration pool with a pool deck, outdoor kitchen and propane gas fireplace.

Home linked to actor John Travolta has a new owner

A Clearwater home linked to Hollywood actor John Travolta has been sold.

The Waterfront Home at 1012 Osceola Ave. N., in the Old Clearwater Bay neighborhood, sold for $ 4 million, according to Pinellas County records.

Realtor.com

The buyer was listed as Edward Fay who is a local specialist in wealth management. Fay took out a $ 3 million mortgage for the purchase.

Travolta has a long involvement with the Church of Scientology; the house is approximately one mile from the Scientology International Spiritual Headquarters in downtown Clearwater.

the The 4,346 square foot home was built in 1988. It offers panoramic views of Clearwater Harbor which can be admired from the outside where there is an infinity pool and dock.

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Salt lakes real estate

These are some of the most racially diverse second home markets to consider


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This article is reproduced with permission from The escape house, a newsletter for secondary owners and those who want to be. Subscribe here. © 2021. All rights reserved.

Many of the nation’s well-known second home destinations – think Nantucket, Cape Cod, East Hampton – aren’t exactly known for their diversity. But what if it’s something that’s important to you as a potential buyer?

The Escape Home worked with Redfin to identify which second home markets in the United States are the most diverse. The real estate company determined the metropolitan areas with the highest number of non-white second home owners using the Home Mortgage Disclosure Act to extract data on census racial makeup and second home mortgages.

Here’s what Danielle Hyams from The Escape Home found:

Pine Bluff, Arkansas

64.71% of owners of second homes are not white.

Wikimedia Commons


Pine Bluff is full of year-round outdoor activities, like kayaking along the world’s longest bayou, which stretches 364 miles into Louisiana. It is a historically rich place with serious civil rights credentials and deep ties to the worlds of jazz, blues and gospel music.

Realtor.com


On the market: This charming four bedroom, three and a half bath home is listed at $ 184,900.

Rocky Mount, North Carolina

64.29% of second home owners are not white.

@historicrockymountnc


Located in East Carolina, Rocky Mount is a charming town with a promising food scene as well as plenty of local wineries and craft breweries. The town is located along the Tar River and it is possible to go kayaking in the town center.

Realtor.com


On the market: This four bedroom, two and a half bath home features an inground pool and is listed at $ 279,900.

San Luis Obispo-Paso Robles, California

31.99% of second home owners are not white.

@slocal


Welcome to the land of wine! Located midway between Los Angeles and San Francisco, the area offers residents a laid-back California vibe, close to plenty of beaches and hot springs, and a burgeoning food scene. And of course, lots and lots of good wine; there are hundreds of cellars.

Realtor.com


On the market: This historic four bedroom, two and a half bath house built in 1890 is listed at $ 1.25 million.

Farmington, New Mexico

38.55% of second home owners are not white.

@ terry.rowe


It’s the city of choice for outdoor enthusiasts: Located in the San Juan River Valley, Farmington is in the heart of the Four Corners region, which includes Colorado, Utah, Arizona and New -Mexico, and offers easy access to three rivers, five lakes and six national parks. Native American tradition remains strong in the area, and there are many art galleries, museums, and trading posts in the historic downtown area.

Realtor.com


On the market: This five-bedroom, four-bathroom desert-style home is listed at $ 410,000.

Savannah, Georgia

31.35% of owners of second homes are not white.

@whattodoinsavannah


This charming coastal town, located along the Savannah River, is known for its parks, architecture and vibrant history, and is just a 50-minute drive from Hilton Head Island.

Realtor.com


On the market: This three-bedroom, three-and-a-half-bath waterfront home is listed at $ 1.28 million and has the most breathtaking porch.

Virginia Beach, Virginia

36.15% of owners of second homes are not white.

@visitvabeach


Known for its beaches and boardwalk, Virginia Beach is also home to one of the last great salt marsh habitats on the East Coast, which boasts hundreds of miles of inland water and thousands of acres of parkland.

Realtor.com


On the market: This three bedroom, three and a half bath home located just steps from the beach is listed at $ 639,900.

This article is reproduced with permission from The escape house, a newsletter for secondary owners and those who want to be. Subscribe here. © 2021. All rights reserved.

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Salt lake city government

Drought in Utah City Halts Growth


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OAKLEY, Utah – In the western United States, a summer of record drought, heat waves and mega-fires exacerbated by climate change is forcing millions of people to face an inevitable series of reshuffling disasters. question the future of growth.

Groundwater and vital waterways for farmers and cities are drying up. Fires devour homes built deeper into the wilderness and forests. The extreme heat makes working outdoors more dangerous and life without air conditioning potentially fatal. While the summer monsoon rains have recently brought some relief to the southwest, 99.9% of Utah is locked in severe drought conditions and the reservoirs are less than half full.

Yet cheap housing is still scarce than water in much of Utah, whose population grew 18% from 2010 to 2020, making it the fastest growing state in the world. country. Cities across the west fear that stopping development to conserve water will only worsen an accessibility crisis that spans Colorado to California.

In the small mountain town of Oakley, about an hour’s drive from Salt Lake City, the spring that pioneers once used to water their hay fields and fill people’s taps for decades has shrunk to a trickle. in the scorching drought of this year. City officials have therefore taken drastic measures to preserve their water: they have stopped building.

During the pandemic, the real estate market in their city of 1,500 people exploded as remote workers poured in from the west coast and second home owners staked out ranches on weekends. But these newcomers need water – water that disappears as a mega drought dries up reservoirs and rivers in the West.

So this spring, Oakley imposed a moratorium on the construction of new homes that would be connected to the city’s water system. It is one of the first cities in the United States to deliberately slow down growth due to a lack of water. But it could be a harbinger of things to come in a warmer, drier West.

“Why do we build houses if we don’t have enough water? Said Wade Woolstenhulme, the mayor, who in addition to raising horses and judging rodeos, has spent the past few weeks defending the building moratorium. “The right thing to do to protect the people who are already here is to restrict the entry of people. “

Farmers and ranchers – who use 70 to 80 percent of all water – let their fields turn brown or sell cows and sheep they can no longer graze. Utah Gov. Spencer Cox said all fields on the family farm, except one, had dried up.

“It’s just brutal right now,” said Mr. Cox, who also called on worshipers to pray for rain. “If we continue to grow at the current rate and experience another drought like this in 10 years, there will be real implications for drinking water. That’s what worries me the most. “

For now, most places are trying to avoid the worst of the drought through conservation rather than turning off the growth tap. State officials say there is still plenty of clean water and there are no plans to prevent people from moving in and building.

“An important consideration for many politicians is that they don’t want to be seen as an under-resourced community,” said Katharine Jacobs, who heads the University of Arizona’s Climate Adaptation Research Center.

In states in the region, Western water providers have threatened $ 1,000 fines or arrests if they find customers flouting restrictions on lawn sprinklers or flushing the driveway. Governments are spending millions to pull up grass, reuse wastewater, build new storage systems and recharge depleted aquifers – conservation measures that have helped desert cities like Las Vegas and Tucson reduce their water use even as their populations exploded. In California, Gov. Gavin Newsom has called for 15% reductions in water use, but so far these have been largely voluntary.

But the water now hangs over many construction debates. Water authorities in Marin County, California, which has the lowest rainfall in 140 years, are considering stopping allowing new water connections to homes.

Developers located in a dry desert expanse between Phoenix and Tucson must prove they have access to 100 years of water to get permits to build new homes. But the extensive pumping of groundwater – mainly for agriculture – has left the region with little water for future development.

Many developers see the need to find new sources of water. “Water will and should be – as far as our arid southwest is concerned – the limiting factor for growth,” said Spencer Kamps, vice president of legislative affairs for the Home Builders Association of Central Arizona. “If you can’t guarantee the water supply, obviously development shouldn’t take place. “

At the end of last month, the state’s water department announced that it would not approve any applications for developers seeking to use groundwater in the region. The move raised concerns among local developers, who said the restrictions would make it more difficult to meet the needs of Arizona’s voracious housing market.

In Utah, Oakley and the nearby farming town of Henefer pledge not to expand until they can get reliable new water sources by drilling or pumping – a costly and uncertain prospect.

“These towns are canaries in the coal mine,” said Paul D. Brooks, professor of hydrology at the University of Utah. “They can’t count to go to the tap and turn on the water. Climate change is coming home right now, and it’s hitting us hard. “

In the 1800s, water was one of Oakley’s main draws for white settlers. The town sits next to the Weber River, and its water and other mountain sources irrigated farmland and supported the dairies that once dotted the valley.

It’s still a conservative farming community where the ragged Trump flags of 2020 fly and the mayor doubts man-made climate change. Its beauty and location half an hour from the glitz of Park City Ski Resort made it a good deal for foreigners.

Utah law has allowed Oakley City Council to pass only a six-month moratorium on construction, and the city hopes it can tap into a new water source before deciding whether to reactivate the moratorium or to let it expire.

A project that would build up to 36 new homes on a tree-covered pasture near the town’s glacier is on hold.

“You feel bad for the people who saved up to build a house in Oakley,” said Mr Woolstenhulme, the mayor, as he drove through town pointing out the dusty fields that would normally be rich in alfalfa. The distant mountains were blurred by the haze of forest fires. “I hate government violations in people’s lives, but it’s like having children: every once in a while you have to get tough. “

Oakley plans to spend up to $ 2 million to drill a 2,000-foot-deep water well to reach what authorities hope is an untapped aquifer.

But 30 miles north of Oakley, past dry irrigation ditches, crumpled brown hills, and the Echo Reservoir – 28% full and down – is the town of Henefer, where new construction has been arrested for three years. Right now, Henefer is trying to tap into new sources to provide water for landscaping and outdoor use – and save its precious drinking water.

“The people of the city don’t like it,” Mayor Kay Richins said of the building moratorium. “I do not like it.”

Experts say smaller towns are particularly vulnerable. And few places in Utah are as small or dry as Echo, a jumble of homes squeezed between a freight railroad and stunning red rock cliffs. Echo was already having trouble hanging on after the two cafes closed. Then, its spring-fed water supply hit critical lows this summer.

Echo’s water manager transports drinking water by truck from neighboring towns. People fear that the water needed to put out a single bushfire could deplete their reservoirs.

At home, JJ Trussell and Wesley Winterhalter have let their lawns turn yellow and shower sparingly. But some neighbors still let their sprinklers spray, and Mr Trussell feared the small community his grandparents had helped build was about to dry up and fly away.

“It is very possible that we will lose our only source of water,” he said. “It would make life here almost impossible.”

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Salt lake city

Salt Lake City Council candidate claims to be the target of politically charged vandalism


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SALT LAKE CITY (ABC4) – A candidate for Salt Lake City city council claims to be the victim of politically charged vandalism. Nigel Swaby is running to represent the residents of Salt Lake City’s Second District.

Swaby believes he is being targeted for comments he made at a city council meeting regarding police funding and developments in the neighborhood.

“Try to explain to a six-year-old why your house is painted overnight,” Swaby said.

Swaby told ABC4 he was under attack for having opinions different from others.

“I went to take my daughter to Lagoon for her birthday yesterday morning and when I stepped back, on the fence there were two spray painted slogans with my name on it,” Swaby said.

Graffiti claiming he is racist and “hates the poor” covered his fence Sunday morning.

“For someone to tell me something like that… has no basis in reality,” Swaby said.

The graffiti comes just a day after he claims to have found a tire on his lawn.

“They absolutely do not want me to be elected to city council. They think I’m a developer, I’m not… I’m a real estate agent, ”Swaby said.

Swaby is running for a seat on Salt Lake City Council. However, he said he was harassed because of what he said at city council meetings recently.

“One of the comments I made to the planning committee was that I wish it was a ‘for sale’ project instead of all these rentals that are hurting a lot of people in Salt Lake City.” , Swaby said.

He also says his take on police funding adds fuel to the fire.

“That was about a month ago when Salt Lake City was considering side hiring for its budget and I spoke up for that. I think Salt Lake City needs more cops, not fewer cops, ”Swaby said.

Swaby did not want to name the group he says is behind the vandalism.

“They are definitely part of the free speech ecosystem. But when you go from an organized protest to graffiti on the house of someone you don’t agree with, I think you’ve crossed the line, ”Swaby said.

Although he fears being targeted again, he has said he will not back down.

“It’s not going to work. I’m not going to stop running for District Two because of the paint on my fence,” Swaby said.

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Salt lakes real estate

Things to do in Miami: AIRIE 20th anniversary exhibit


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Click to enlarge

Franky Cruz’s A kind of heron

Photo courtesy of Franky Cruz

Donna Marxer grew up in the 1930s and 1940s in Miami, before invasive pythons and voracious real estate developers encroached on the Everglades’ homeland, at a time when its vastness and rich ecology were not as threatened as it was. ‘today.

Over time, Marxer pursued a career as an artist and moved to New York City, but his concern for the Everglades remained. In 2001, a year after the publication of the Comprehensive Everglades Restoration Plan (CERP), Marxer came up with the idea of ​​contributing to conservation efforts in the best way she knew how: through art. She will spend the rest of her life devoting herself to her two greatest passions, art and the Everglades.

When Marxer learned that Congress was signing CERP, a major wetland restoration project underway to restore and protect what remains of Florida’s “river of grass”, she was full of hope.

Recalling her childhood memories of a less threatened wetland, she realized that art could be a tool to help people see the beauty of the land she worshiped. She wrote a letter to her congressman proposing an artist residency program inside Everglades National Park as a way for artists to record and perform the earth and, through this intimate experience, to become ambassadors of the Everglades.

The letter was quickly passed on to Alan Scott, then District Interpreter for Everglades National Park. Together, Scott and Marxer created the Artists in Residence in Everglades (AIRIE) program.

Twenty years later, AIRIE celebrates its commitment to conservation through art by exhibiting an investigation of the works of art created by AIRIE artists in Everglades National Park. Since its founding in 2001, AIRIE has brought over 190 artists to the park for month-long residencies during which they live and work in the largest subtropical wilderness in the United States. Opening on July 19, the show will feature works by Marxer, who died in 2018 at the age of 84, and other artists who have become loving ambassadors of the Everglades through the program.

“It was a passionate job for her,” says Scott, current head of resource education and interpretation. “People know about Marjory Stoneman Douglas and her support for the Everglades. Donna Marxer was the same. She basically decided to do something for the Everglades, and she did.

By partnering with AIRIE, the Everglades National Park has raised awareness of the threatened resource on a larger scale and to an audience who would otherwise have no interest in wildlife.

“What goes outside the park boundaries affects wildlife, and the park itself is the downstream recipient of all sins committed by the people and the state of Florida,” Scott said. “AIRIE is a way for people who would never normally be involved in the Everglades or Everglades restoration to get involved. Each of them thus became a speaker, a spokesperson or an ambassador of the Everglades. ”

The exhibition will present photographs, paintings and video works produced by scholarship holders during or after their stay at AIRIE.

Jose Elias, who was in residence in January 2016, focused his work on communication between species, traveling to Lake Okeechobee and across the backcountry to capture the audio of the animal kingdom in the field. Five years later, thanks to a process he describes as “osmosis”, he created the “Everglades Songbook Suite” in collaboration with Live Arts Miami and various musicians.

Click to enlarge Always "Everglades Songbook Suite" - PHOTO COURTESY OF RANDY VALDEZ

From “Everglades Songbook Suite”

Photo courtesy of Randy Valdez

The “Everglades Songbook Suite,” which will be on display at the Anniversary Show, is a collection of improvised compositions and soundscapes that celebrates the sights and sounds of the Everglades by juxtaposing a variety of acoustic instruments with recordings on field. The short honors the natural flow of the Everglades, featuring compositions ranging from a peak sunrise on the Anhinga Trail to an intimate prayer song on the Mahogany Trail performed by Seminole artist Samuel Tommie, with the aim ultimate to attract people to the majesty of the glades.

“The Everglades are tough, but they’ll never be the same again,” says Elias. “We are the stewards of the earth. Hope this project moves forward so that people are aware of their footprint no matter where you live, be it Hialeah, Miami Lakes or Westchester – it was all swampy.

One of the projects launched by AIRIE in 2015 was the purchase of promotional advertising space to highlight the work of scholarship holders. As a federal agency, the National Park Service cannot do marketing on its own. While many other national parks receive tourism money from the state to market their parks, the state of Florida has other tourism destinations that have historically taken precedence in the marketing budget.

“We’re one of the most treasured national parks here, and the state of Florida doesn’t see us as the main thing – not in a marketing sense, at least,” Scott said. “AIRIE put up the billboard for people to experience the art of the Everglades as they walked down the toll highway or 95, and it had a lot of impact.”

Franky Cruz’s photo series and performance, A kind of heron, presented on an AIRIE billboard in 2015 and part of the anniversary show, presents the artist transformed into a heron at the bottom of a cypress dome. During his residency in 2015, the local artist ingested information about the plume early 19th century trade that saw hunters almost wipe out the native heron population. Two weeks after his stint at AIRIE, he decided to honor the bird and everything he had endured playing the prized heron.

“Art in itself is a tool of communication, and maybe an object will touch someone in a way that someone preaching to it won’t, or an advertisement won’t.” , explains Cruz. “Something like this photo that I took – it’s like you’re in that environment, it’s such a thing outside of what people do in their daily lives, it makes them curious about it. ”

Cruz, who grew up in Hialeah, always felt intrinsically connected to nature but never had direct access to it until he intentionally searched for it via AIRIE and the Everglades. While there, a park ranger took him on off-road tours, giving him a deeper admiration for the delicate cycles of the earth and how his work could leave a lasting impact. He experimented with natural pigments and learned to pay more attention to his imprint.

“I am nature,” he said. “For a long time I used to spray paint on the walls. I realized what I was doing. Do I just paint more and splash harmful chemicals on things? Why can’t I find another way that matches what my footprint will be, what my impact will be on how the job is done.

After 20 years and nearly 200 artists in residence, AIRIE will continue to highlight the state of the Everglades in the hope of supporting the earth’s natural cycles as Marxer and Scott always intended.

20th anniversary exhibition of AIRIE. On view until March 2022, at the AIRIE Nest Gallery inside the Ernest F. Coe Visitor Center, 40001 State Hwy. 9336, family property; arie.org. Free entry.

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Salt lakes real estate

There is a birthday party for Lucy the elephant


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What is possibly New Jersey’s best-known roadside kitsch piece, Lucy the Elephant, turns 140 and there will be a birthday party hosted by the town of Margate on Saturday, July 17th.

According to the New Jersey Monthly, the party will include a railless train ride, a 9-hole miniature golf course and other rides, games and inflatables. There will also be hot dogs, funnel cakes and refreshments, as well as appearances from Mackie the Stiltwalker. The Save Lucy committee will release Lucy’s cake at 3 p.m.

The theme of the party is based on the movie “National Lampoon’s Vacation” as Lucy makes a cameo appearance in the opening credits. They will sing “Happy Birthday” and cut the cake at 3:00 pm; you can get a free piece of cake while supplies last.

Lucy, which was designated a National Historic Landmark in 1976, was originally built in 1881 by a real estate developer hoping to sell lots in Margate (then known as South Atlantic City), the six-story pachyderm served as office, tavern, and cottage before falling into disrepair in the 1960s. It was even scheduled for demolition.

The Save Lucy committee was formed and raised funds to both relocate and renovate it. In 1970 it was moved about 100 meters on land owned by the city, and the original wooden structure was reinforced with steel. She has now been in the same place for 50 years. Tours became available in 1974 (and continue to this day). It was also used as Air BnB earlier this year.

For more information on the party or on Lucy in general, she has her own website.

The above post reflects the thoughts and observations of New Jersey 101.5 talk show host Bill Doyle. All opinions expressed are those of Bill Doyle.

15 sensational places to visit in Seaside Heights and Seaside Park

From the rides to all the food on the boardwalk and plenty of water fun, Seaside Heights and neighboring Seaside Park has remained a family friendly place for all ages.

Along the way, the Seaside Heights Boardwalk and Casino Pier were hit by tragic disasters, such as a fire, Super Storm Sandy, and another fire. Both have proven their resilience through reconstruction and expansion.

Magnificent Views: 13 Home Rentals on Lake NJ in North Jersey

Life on the lake – it’s one thing in New Jersey. The counties of Sussex, Passaic and Morris have their own shores, dear to visitors and locals alike.

Here’s a look at a dozen breathtaking lakefront rentals in North Jersey, many along Lake Hopatcong or Lake Upper Greenwood.

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Utah economy

Where do all these people come from when they move to Utah?

Vinay Cardwell, president of Young Professionals Salt Lake City, poses for a portrait at The Shop co-working space in Salt Lake City on Wednesday, July 14, 2021 (Kristin Murphy, Deseret News)

SALT LAKE CITY – Young, educated and diverse, newcomers are helping to change the face of Utah as they come largely from other western states.

About 133,000 people – the equivalent of more than half of Salt Lake City’s population – moved to Beehive state from 2014 to 2018, according to a new report from the Kem C. Gardner Policy Institute at the University of Utah.

California contributed the most new faces, at about 18,000 – or 16.6% – the most of any state, followed by Texas at 7.2%; Idaho at 6.6% and Washington State at 5.3%. But the Golden State also received more people from Utah during the same period than anywhere else.

Where they moved from
Where they moved from (Photo: Kem C. Gardner Policy Institute)

Demographer Emily Harris said her findings help answer questions about migration that have arisen in recent years as newcomers further fuel the state’s growth.

“We know Utah is growing. We can feel it on the roads, we can feel it on the trails,” Harris said. “But who are these people and what is that impact on Utah, other than more people?”

Analyzing census data, Harris found that those who moved here within the five-year period tend to be younger than those already here, with a median age of 25. They were also more diverse and more likely to have a bachelor’s degree.

Education levels vary
Education levels vary (Photo: Kem C. Garder Policy Institute)

Many end up rooting and raising their children in their own traditions, resulting in cumulative cultural change over time, Harris noted.

Among them, Vinay Cardwell, 42, from Vancouver, Canada, who attended the University of Utah, found work in the state’s growing tech sector, and started a family in the state. Beehive State. Her son and daughter are now 5 and 8 years old.

Cardwell, president of Young Professionals Salt Lake City, says he wants job seekers to know they can still feel at home in Utah if they’ve never been in the state and aren’t. not members of The Church of Jesus Christ of Latter-day Saints.

Word is spreading, he said, as more newcomers arrive for jobs at tech startups and stay to ski, hike and take in mountain views.

“You go to New York and it’s just a concrete jungle – or Chicago. But when you can get out into the wild, it’s like, wow. You just get that rejuvenation,” he said. “This is probably one of the most important things people say when I ask them, ‘What brought you here?’ It’s skiing or the outdoors. “

Like Cardwell, whose parents are from Fiji and New Zealand, many are of mixed descent, he said.

Differences in diversity
Differences in diversity (Photo: Kem C. Garder Policy Institute)

The data doesn’t say who’s left for a little while before moving on, but Cardwell says many do after gaining a few years of work experience and taking advantage of the state’s vast outdoor recreation opportunities.

The rise in migration to the state after the Great Recession is linked to a strong economy and low unemployment, Harris said, and is playing a bigger role in Utah’s growth as families have less children and wait longer to do so, she added.

Jobs invite newcomers
Jobs invite newcomers (Photo: Kem C. Gardner Policy Institute)

In what may come as a surprise to some, the Beehive State is not among the top 10 destinations for Californians, Harris noted. Almost three times as many people have moved to neighboring Nevada, for example.

Where the Utahns move
Where the Utahns travel (Photo: Kem C. Gardner Policy Institute)

She found that fewer Utahns leave than they come – around 95,000 left in the same period, although the data does not reveal how many more went overseas. Their median age was 27, compared to 31 for the Utahns who stayed behind during the same period. Those who leave also tend to have a bachelor’s degree and higher degrees at higher rates.

The influx of newcomers, combined with the housing crisis in Utah, threatens to strain the rental and home buying markets and hamper Utah’s ability to attract workers out of state in the future, the report notes.

Who rents and who owns a house?
Who rents and who owns a house? (Photo: Kem C. Garder Policy Institute)

“When we have more migrants coming in than people leaving, it’s an even bigger hole that we dig ourselves into in terms of housing inventory for people who want to live here,” Harris said.

Not everyone who comes to Utah is an outsider. About 1 in 4 are native Utahns who have moved away for a while and are now coming home.

They’re like Steven O’Donnell, a 28-year-old father and real estate agent who lived in Albuquerque, San Diego, and Las Vegas before returning to Utah in 2019. The timeline for his move has accelerated after his move. dad. fell ill with cancer, succumbing to the disease about a month before the birth of O’Donnell’s baby girl.

The girl babbled this week as O’Donnell said he hit the road as a kid with his truck driver dad. He realized in his youth that he preferred the mountains and vast canyons of Utah to the scenery of any other state, he said.

“For my parents in Santaquin, there are three canyons in about 10 minutes,” he said. “I think Utah is just a hidden gem.”

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Salt lakes real estate

ICYMI: 10 stories from the weekend


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The sprawling campus of essential oil company doTerra in Pleasant Grove is pictured Thursday, July 8, 2021 (Spenser Heaps, Deseret News)

SALT LAKE CITY – Here are 10 stories you might have missed over the weekend. As always, click on the title to read the full story.

1.3 people arrested after a bullet fired through the wall of an apartment kills a 7-year-old girl

Three men were arrested on Saturday in the death of a 7-year-old girl who was shot dead at her home on Friday evening. One of the men who has been described as “incredibly drunk” is believed to have shot through the wall and into a nearby apartment, hitting the child who later died in hospital.

2. The essential oil product left her with 3rd degree burns, according to a woman’s trial from Utah

Jessica Kruger used an essential oil blend designed to soothe menstrual cramps almost five years ago, but instead of providing relief, she said she ended up with severe burns. Now, 33-year-old Holladay’s real estate agent alleges in a lawsuit that the doTerra product contained more than 23 times the safe amount of bergamot oil.

3. Utah man stabbed elderly grandparents before being shot, police say

An elderly couple were seriously injured when police said their grandson attacked them both with a knife before being shot and killed by his grandfather.

4. Woman kidnapped by Utahn and threatened with burial in Salt Flats, police say

Police arrested a man they said kidnapped a woman by tying her up and threatening to kill her with a lethal dose of drugs.

5. Utah’s Drought and Heat Could Make Harmful Algal Blooms ‘Really Bad’ This Summer

Harmful algal blooms in Utah’s lakes and reservoirs could be very serious this summer, according to the Utah Department of Environmental Quality. The agency said drought and relentless heat are causing flowers earlier in the season.

Utah Warriors scrum-half Danny Christensen scores his first try against Rugby ATL, Saturday, July 11, 2021 at Zions Bank Stadium in Herriman.
Utah Warriors scrum-half Danny Christensen scores his first try against Rugby ATL, Saturday, July 11, 2021 at Zions Bank Stadium in Herriman. (Photo: Davey Wilson, Warriors of Utah)

Sports

1. Cut twice by his hometown club, Olympus grad was just what the Warriors needed for a playoff offer

Christensen scored two tries and Sama Malolo added two more as the Utah Warriors scored a critical bonus point in Saturday’s 41-31 loss to Rugby ATL in front of a sold-out crowd at Zions Bank Stadium which guaranteed a place in the playoffs.

2. Bucks eruption: Giannis has 41, Suns now lead 2-1 in NBA Finals

Antetokounmpo had 41 points, 13 rebounds and six assists as the NBA Finals returned to Milwaukee, and the Bucks beat Phoenix 120-100 on Sunday night, reducing the Suns’ lead to 2-1.

3. How Herriman’s Rhyan White Became Utah’s First American Olympic Swimmer

In addition to being the first Utahn to hit the wall for the first time in an Olympic selection event, White was the first Utah-born swimmer to be part of an American Olympic team. She will compete in the 200-meter backstroke as well as the 100-meter backstroke in Tokyo, continuing a swirling spring that has propelled her to the top of the swimming world.

4. 20 slams! Djokovic wins Wimbledon to tie Federer and Nadal

An hour later the match was over – Djokovic won 6-7 (4), 6-4, 6-4, 6-3 – and his declared desire to match the major league tally collected by his biggest rivals , Roger Federer (who reached 20 in 2018) and Rafael Nadal (who did so last year). No other male tennis player has more than 14.

5. Undefeated Week Wins Utah Avalanche National Title in ECNL Boys U-13 Category

The Sandy-based soccer club that started a boys ‘program to join their highly successful girls’ program just seven years ago finished a 10-0 record with a 3-0 victory over San Diego SC on Friday after Midday in Greensboro, NC, to win the first national title in club history.

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Salt lakes real estate

Coastal goldfish breed in two freshwater lakes near San Antonio


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San Antonio – Anglers unfamiliar with South Texas might be surprised to learn that coastal red drums, commonly known as rockfish, can be caught in two freshwater lakes near San Antonio.

Game fish seeds breed on both Lake Calavera and Lake Braunig, just minutes from the city center. The temptation to catch these powerful fish close to home draws people to the lake year round.

Oscar Castillo, who runs the San Antonio-based nonprofit Fin Addict Angler Foundation, says the two reservoirs are Redfish’s primary real estate.

“Lake Braunich is a bit small, but Lake Calaveras is a great radiator mount for the CPS power plant,” he said. “For 85% of the year, this water is hot because it is a great cooling system for the plant.”

He says salt deficiency is also a factor. The goldfish in these lakes do not reproduce.

“Because they don’t reproduce, they grow twice as fast, so these rockfish grow really fast because of the hot water and lack of salt,” Castillo added.

Publicity

See: The Fin Addict Angler Foundation offers a free fishing clinic on Saturdays

Video: Fin Addict Angler Foundation Offers Free Fishing Clinic

Local fishing guides from Red Dawg Yak Fishing and 3rd Degree Fishing have confirmed that the minimum length for goldfish harvesting from Calavera and Lake Braunig is 20 inches. The daily limit is 3 per person.

Adults need a fishing license, but Texas Parks & Wildlife does not require red drum tags caught in these lakes.

How many goldfish are there? In 2018, Texas Parks & Wildlife reported raising more than 200,000 juveniles on Lake Calaveras. This is the second version of the year and the state distributes it regularly to both lakes.

Most anglers and women I speak of are lucky enough to be able to catch local goldfish using the chrome “Rat-L-Trap” lure. Golden chrome is the hottest color for this summer. Rat-L-Traps are widely available from Wal-Mart, Academy and Bass Pro.

Publicity

Lake Calavera and Lake Braunig are also home to canals and blue catfish, hybrid striped bass, and largemouth bass.

Good luck, or because we fishermen want to call it a “tight line”.

Copyright 2021-KSAT All rights reserved.

Coastal goldfish breed in two freshwater lakes near San Antonio

Source link Coastal goldfish spawn in two freshwater lakes near San Antonio

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Salt lake city

Why are Utah rents so expensive? The latest Utah housing news


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Federal officials recently extended the moratorium on evictions by one month – and they warned it would be the last time.

Housing advocates fear wave of evictions will follow moratorium expiration, and urge tenants in Utah affected by COVID-19 pandemic to get help now before it gets too much late.

But for tenants in Utah, the stress of the rental market is nothing new. For almost every year over the past decade, Utah rental prices have kept going up, up, up.

As Utah tenants continue to be in a hurry, when will they hit breaking point?

After a deep dive into Utah’s scorching real estate market, the Deseret News also delved into what’s going on with the state’s rental market – and why rates are likely to continue to climb.

Learn more about what the data shows, the struggles of Utah tenants, and how housing advocates say they can get help here.

Here are five takeaways from the Deseret News report:

The COVID-19 pandemic may have temporarily slowed rental rates, but now they continue to rise.

In the Salt Lake metropolitan area, the median cost of rent rose from $ 1,384 per month in March 2020, when the pandemic first struck here, to $ 1,451 per month a year later, an increase by 4.8%, according to a new report from Stessa .com. The site ranked the Salt Lake City metropolitan area No. 64 out of 105 U.S. cities where rents have changed the most since the start of the COVID-19 pandemic.

The increases drive down the price of tenants who could otherwise have afforded the same rental just a few years ago.

Almost every year for the past decade, Utah rental prices have climbed 5% to 7% per year along the Wasatch Front, a startling reality that means the average Salt Lake County apartment that cost $ 793 in 2008 now costs about $ 1,145. .

Prices climbed at the highest rate in Utah County, home of the Silicon Slopes tech industry.

From 2000 to 2018, rents in Utah County increased 83%, the largest increase in Wasatch Frontal counties.

Salt Lake County rental rates increased 78%. Davis and Weber counties grew 64% and 59%, according to a June 2019 report from the Kem C. Gardner Policy Institute.

In Utah County, an average apartment that cost $ 719 per month in 2008 now costs around $ 1,200.

Rents exceed wages and inflation. Low vacancy rates are stimulating the market.

From 2000 to 2018, the average rent in Salt Lake County was more than double the rate of inflation. For example: In 2000, the average rent for an apartment was $ 647. If rent were to keep pace with inflation, the average rent for an apartment in Salt Lake County would be around $ 850 in 2018, almost $ 300 less than the actual 2018 average, according to the June 2019 report from the political institute.

Meanwhile, vacancy rates remain low. In Salt Lake County, vacancy rates fell nearly 9% in 2009 and are hovering around 4.5%, according to a 2020 CBRE Multifamily Market report. Vacancy rates are similar in Utah and Weber counties, and even lower in Davis County, at around 3.5%.

The impact? Thousands of Utahns are in danger. And the housing gap is widening.

An astonishing 1 in 5 Utah renters are considered “severely overcharged,” meaning they pay more than 50% of their income in rent, according to state and federal data.

Utah has approximately 284,935 renters statewide. Of those, 115,875 – about 40% or 2 in 5 Utah renters – are considered “overcharged” or pay more than 30% of their income in rent. According to the 2020 Utah Affordable Housing Report, about 52,890 Utah residents – about 20% or 1 in 5 Utah renters – are considered “severely” overcharged, which means that they pay more than 50% of their income in rent.

A gap in affordable and available rental units for renters earning less than 50% of the region’s median income in Utah has widened over the past decade, from 41,052 in 2010 to 49,545 in 2018, according to the November 2020 report of the Kem C. Gardner Policy Institute. .

The waiting lists for housing are enormous. But there is always help.

In Salt Lake City alone, the wait list for the most common help, Section 8 vouchers, is estimated to be five years or less. Currently, there are over 7,000 Salt Lake families on this list, according to the Salt Lake City Housing Authority.

But while those waiting lists are long and daunting, housing advocates want Utah renters to know there is always help for them. Utah has approximately $ 180 million in government funding for tenants affected by the COVID-19 pandemic.

Learn more about the resources available to tenants here.

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Utah economy

Fewer people of working age can slow the economy. Will it increase wages?

In this May 26, 2021 photo, a sign for workers hangs from a store window along Main Street in Deadwood, SD. is reaching retirement age and thousands of people have died from the coronavirus. (AP Photo / David Zalubowski)

WASHINGTON (AP) – As the U.S. labor market rebounds this summer and the need for workers intensifies, employers likely won’t have a chance to relax anytime soon. Labor shortages are likely to persist for years after the economy quickly reopens in its growing pains.

Consider that the number of people of working age did something last year that it had never done in the history of the country: it went down.

Census Bureau estimates showed that the U.S. population aged 16 to 64 fell 0.1% in 2020 – a slight decline but the first decline of any kind after decades of steady increases. This reflected a sharp drop in immigration, the retirements of the vast baby boom generation and a slowdown in the birth rate. The size of the 16-64 age group has also been shrunk last year by thousands of deaths from the coronavirus.

A year earlier, in 2019, the working-age population had essentially plateaued.

It is not entirely clear how demographic trends will play out once the pandemic is completely over. But even if the working-age population begins to grow again, it will almost certainly do so at an anemic rate. A continued decline in this population, or even a lukewarm increase, would pose a problem for the economy. Healthy economic expansion has always depended on robust population growth to fuel consumer spending, justify business expansion, and boost corporate profits. Without a large influx of new workers, growth could stagnate.

Yet some economists foresee a silver lining for individuals: Fewer working-age people could force companies to be more competitive in hiring and retaining employees. And that could mean higher wages, better opportunities and other incentives to retain and attract workers, a trend already evident in the June jobs report released by the government on Friday. Average hourly wages increased 3.6% from a year ago, faster than the pace before the pandemic.

“The workers would fare better than the economy as a whole,” said Manoj Pradhan, founder of Talking Heads Marco, an economics research firm and former Morgan Stanley economist.

If wages were to rise sharply, it could also help reduce the vast inequality that increasingly separates the wealthiest Americans from the rest and leaves lower-income households struggling to pay rent, food, and child care. children and other essential expenses.

With slow population growth, economic expansion would depend on the ability of companies to make their workers more productive. An increase in productivity, often achieved through investments in labor-saving technologies, could further increase wages. The standard of living would increase even if the economy struggled to grow at what is normally considered a healthy pace.

Last year, the number of legal and unauthorized immigrants entering the United States fell for the fourth year in a row to less than 500,000 – less than half of the 2016 level – according to calculations by William Frey, a demographer at the Brookings Institution. The death toll jumped 8% to more than 3 million, largely reflecting the impact of the pandemic.

A fundamental long-term drag on the working-age population is the exit of the huge baby boom generation from the workforce. The number of people aged 65 and over is likely to increase by 30% over the next decade, Frey said.

“We’ve never really been in this type of situation before,” he said. “There just aren’t enough (of young adults) to replace the people who are leaving.”

The situation has been exacerbated this year by a wave of early retirements. About 2.6 million people who worked before the pandemic now say they are retired and not looking for work, according to the Federal Reserve Bank of Dallas. Strong increases in stock prices and home values ​​despite the deep pandemic recession have allowed many older Americans to exit the workforce earlier.

One of them is Jeff Ferguson, a physician with Eli Lilly & Co. in Indianapolis, who retired in April at age 59 after 22 years in the business.

Having worked from home during the pandemic, Ferguson said, made the transition easier. But it was also encouraged by its strong investment gains and the strengthening of the local real estate market despite the economic uncertainty.

“I probably retired with a tailwind rather than retiring with a headwind,” he said. “If I had sensed a headwind, I might have delayed it.

The pandemic has also given him a new perspective on life and retirement. Ferguson plans to travel across the country with his wife, a pediatrician, and catch up with loved ones.

Gad Levanon, an economist at the Conference Board, said the decline in the working-age population will be particularly evident among Americans without a college degree. As aging baby boomers retire, they are being replaced by younger workers who are more likely to be university graduates. Blue collar workers – anyone without a four-year degree – will become rarer. This trend is likely to create labor shortages in industries such as manufacturing, construction, retail, restaurants and hotels.

Levanon estimates that the number of university graduates will continue to grow by around 2% per year, despite the population slowdown, while those without a university degree will decline. This could make it more difficult for future college graduates to find jobs that match their level of education. Businesses can also inflate their job demands, perhaps requiring bachelor’s degrees for jobs that previously didn’t require them.

“The number of people willing to work in blue collar and manual service jobs is declining,” Levanon said.

Wages are already rising faster for low-paid workers. For the lowest-paid quarter of workers, hourly wages rose 4.2% in May from a year earlier, according to Federal Reserve Bank of Atlanta. That’s more than double the percentage increase these workers received in the four years after the Great Recession, from 2010 to 2014, and more than a quarter of the richest workers.

Scott Seaholm, CEO of Universal Metal Products, a 285-person metal stamping company near Cleveland, is surrounded by an aging population and is desperate to get young people interested in a career in manufacturing. A study found that about 59% of the population in Lake County, Ohio, where he is based, was made up of working-age adults in 2015, Seaholm said. This proportion fell to 57% last year and is expected to reach 54% in 2025.

“It’s quite shocking,” he said. “There’s no one there to work. It’s a little ugly.”

More than half of the workers at its three factories are over 55, he said, with less than one in five aged 20 to 34. He has an 81-year-old employee who still works in a punch press.

Seaholm’s company is part of a group that encourages high school students to consider factory jobs. He opens his factories to high school students once a year on “Industry Day” and tries to bring in their parents too.

“They want Johnny and Judy to go to college,” he said. “It’s all locked up in their heads.”

Globally, the workforce in most other countries is aging as well, including China, which once seemed to offer an endless supply of workers. Japan’s population declined for a decade.

Pradhan said this trend could potentially benefit American workers. Since the end of the Cold War in the early 1990s, hundreds of millions of people in China, Eastern Europe and India have joined the global workforce, thus maintaining the wages of less skilled workers and prices under control.

Now the aging of much of the world could reverse these trends, Pradhan and Charles Goodhart, a former economist at the Bank of England, wrote last year in a book called “The Great Demographic Reversal: Aging Societies, Waning Inequality, and an Inflation Resumes. “

Pradhan notes that in Japan, whose population has shrunk by around 1% per year for a decade, economic growth has averaged only 1% per year. But that means the growth per person was 2%.

If the United States could achieve that level of efficiency when its population grew only 0.5% per year, its economy could still grow at a healthy rate of 2.5% per year, Pradhan said.

Yet over time, he and other economists fear that slow population growth means less consumer spending and a less vibrant economy.

“Workers generate innovation and ideas – they invent things,” said Kasey Buckles, professor of economics at the University of Notre Dame. “When you have a shrinking working-age population, you have fewer people doing this.”

__

AP Business Writer Anne D’Innocenzio contributed to this New York report.

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Utah economy

Utah Company Develops Sustainable Bitcoin Mining Method; New home sales drop 5.9%

Crypto Coin

A microgrid company in Woods Cross, Utah, may have a solution to Elon Musk’s sustainability challenge for Bitcoin mining.

“Cryptocurrency is a good idea on many levels and we think it has a bright future, but it can’t come at the cost of the environment,” Musk tweeted. “Tesla has suspended purchases of vehicles using Bitcoin (because) we are concerned about the increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of all fuels. “

CleanSpark is a company that uses microgrid technology to improve the efficiency of Bitcoin mining operations and other applications. The existing network supplies electricity from a power plant to users. Microgrids combine the traditional grid with solar, wind, fuel cell and other green technologies to balance the load requirements between various sources with the aim of ensuring clean energy at a good price.
CleanSpark.com

CleanSpark uses microgrid technology to improve the efficiency of Bitcoin mining operations and other applications.

The existing grid supplies electricity from a power plant to users. For most people, connecting to the network is as easy as inserting a plug into a wall outlet.

Microgrids combine the traditional grid with solar, wind, fuel cell and other green technologies to balance the load requirements between various sources with the aim of ensuring clean energy at a good price.

Microgrids could be a suitable response to growing concerns about the energy source used in Bitcoin mining. The system configuration and the software necessary to run it can be designed to meet specific demands, including future growth.

CleanSpark is also a Bitcoin miner and recently invested in new energy efficient equipment to increase its hash rate and reduce power consumption.

The company is publicly traded, but so far it is only covered by two analysts. CleanSpark shares recently hit $ 16.51 per share. The consensus price target, or fair value estimate, is $ 47.50.

Competitors include Tata Power Solar, Longi, Acme Climate Solution and d.light design.

A report from Navigant Research, a company based in Boulder, Colo., Said the modular microgrid market is expected to grow at a compound annual rate of 28% between 2020 and 2029.

“Although they are only a minority of the market when measured by peak capacity, modular microgrids have the potential to constitute the majority of systems deployed over the next decade,” said Peter Asmus. , Navigant Research Director, in a report. “Adopting a modular approach should help dramatically increase microgrid deployments by commoditizing off-the-shelf microgrid offerings that can be replicated, thereby reducing design and deployment costs. “

The Crypto Climate Accord, based on the Paris Climate Agreement, is a private sector initiative aimed at decarbonizing the cryptocurrency industry.

“For climate advocates, we can eliminate emissions from a rapidly growing source of electrical charge,” the agreement says. “For the clean tech industry, we can bring in a whole new class of customers with significant demand for low carbon solutions. For the crypto industry, we can help support the widespread adoption of crypto by making the industry more sustainable.

It is signed by the major companies in the sector.

The Center for Alternative Finance at the University of Cambridge has estimated that 39% of the energy used by crypto miners is powered by renewable resources, mostly hydroelectric.

In a related case, the US Department of Commerce banned six Chinese producers of raw materials and components for the solar industry amid allegations of human rights violations against ethnic minorities.

The action could boost the U.S. solar industry.

Logo of the Association of Solar Energy Industries
The solar energy industry in the United States has grown on average 42% annually over the past decade and now employs about 230,000 people in about 10,000 companies in all 50 states, according to the Solar Energy Industries Association.
seia.org

The Solar Energy Industries Association, a Washington-based trade group, said the industry has experienced average annual growth of 42% over the past decade and now employs about 230,000 people at about 10,000 companies in all 50 states.

The industry has the capacity to deliver 100 gigawatts, or enough electricity to power 18.6 million homes, the trade group said.

At midday on Friday, Bitcoin changed hands to $ 33,341.32, down 2.91% in the past 24 hours but up 15.08% for the year. The 24 hour range is $ 33,011.86 to $ 35,200.90. The all-time high is $ 64,829.14. The current market capitalization is $ 624.99 billion, CoinDesk reported.

Pulse Market

The warning signs of the housing market seem to be glaring:

– The US Department of Commerce said new home sales fell 5.9% on an annualized basis.
– House prices are at an all time high.
– The National Association of Realtors said sales of existing homes had declined for four consecutive months.
– Consumer confidence has declined.
– Inflation is on the rise.
– Commodity prices soared as demand increased, pushing up the cost of new homes.

The housing market is a key part of the recovery as the economy emerges from the COVID-19 shutdown. The negative indicators raise a fundamental question: is the housing boom over?

Lisa Shalett, investment director for wealth management at Morgan Stanley, says no.

“We believe that supply disruptions and rapid price appreciation have only interrupted buyers’ confidence and buying behavior in what is expected to be an above-average race for housing. “she said in a research report for the New York investment bank. “In our opinion, the US real estate market has a solid foundation, arguably the best in decades. “

Shalett said many household balance sheets are strong and Millennials have entered their prime of starting a family. Morgan Stanley research estimated that 1.2 million new owner households were created in the past year.

“Anecdotal evidence suggests that the pandemic may have shifted behavioral priorities towards deurbanization and remote working, creating lasting support for housing demand,” the analyst said.

Construction of new homes is about 10 years behind schedule due, in part, to lessons learned from the collapse in the subprime mortgage market that triggered the 2007-2009 recession, the deepest since the Great Depression from the 1930s.

Housing supply growth is now nearly 60% lower than annual household formation, an imbalance that is likely to support single-family home prices, Shalett said.

Lending standards were tightened during the coronavirus pandemic, but have now been relaxed.

“It could help offset rising house prices and mortgage rates,” she said. “With the Federal Reserve last week giving the green light to all major US banks that have undergone its annual stress test, homebuyers could expect even more credit availability.”

The Federal Reserve, the country’s central bank, examined 23 major banks and concluded that each had strong capital reserves and could continue to lend to households and businesses during a severe recession.

“Over the past year, the Federal Reserve has carried out three stress tests with several different hypothetical recessions and all of them have confirmed that the banking system is strongly positioned to support the ongoing recovery,” said Randal K. Quarles, vice -President of supervision, in a press release. Press release.

The Fed’s stress test examines a bank’s resilience by estimating losses, income and capital levels – a cushion against possible losses – and “what if scenarios” over the next nine quarters. Sales of existing homes fell in all regions except the Midwest in May, reported the National Association of Realtors, a Washington-based trading group.

The median price of existing homes of all types in May was $ 350,300, up 23.6% from the same period a year ago. The total housing stock stood at 1.23 million units in May, up 7% from the April total, but down 20.6% from a year ago.

“Home sales declined moderately in May and are now approaching pre-pandemic activity,” Lawrence Yun, chief economist for the NAR, said in a report. “Lack of inventory continues to be the main factor holding back home sales, but declining affordability is simply excluding some first-time buyers from the market. “

The outlook, however, is encouraging.

“Supply is expected to improve,” he said, “which will give buyers more options and help lower record asking prices for existing homes.”

The National Mortgage Bankers Association, a Washington-based trade group, said loan applications fell 6.9% for the week ended June 25 from the previous week, reaching their lowest level in about 18 month.

The average interest rate for a 30-year fixed rate mortgage guaranteed by the Federal Housing Administration fell to 3.19% from 3.21%.

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Salt lake city government

Owens slams Olympic athlete for protesting flag


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Owens criticizes Olympic athlete for turning away from American flag

Representative Burgess Owens tore hammer thrower Gwen Berry, who turned away from the American flag during the national anthem during the track and field trials in the United States over the weekend, accusing her of trying to return “His small community of other happy leftists” while disrespecting America.

“She’s going to be a footnote,” Owens said during an appearance on Newsmax. “The only reason to go to the Olympics is to wear red, white and blue and represent your country.”

“If you are ashamed of America, don’t represent America on the international stage,” Owens added.

Berry says playing the national anthem was a “setup.” She claims organizers told her they would play “The Star-Spangled Banner” before she stepped onto the podium with the other qualifiers. Berry turned away from the flag and draped a t-shirt that read “Activist Athlete” over his head as the anthem played.

“The anthem does not speak for me. It never was. Berry told the AP.

Berry, who competed in the 2016 Olympics in Brazil, was sanctioned by the U.S. Olympic Committee after throwing her fist on the podium after winning the hammer throw at the 2019 Pan Am Games. The committee has since apologized to Berry.

Here’s what you need to know for Wednesday

Local News

  • Utah’s coffers are overflowing as state tax revenues exceed forecasts by billions of dollars. This usually means that officials will look to cut taxes, but that might not happen. [Tribune]

  • Utah Representatives Burgess Owens and John Curtis voted against a bill to remove Confederate statues from the U.S. Capitol, while Representatives Blake Moore and Chris Stewart voted in favor of the measure. The bill was adopted by 285-120 votes. [WSJ]

  • The Dixie State University Board of Trustees has decided not to change the school’s name to Utah Polytechnic State University. Instead, they recommended Utah Tech University. [Tribune]

  • Second Gentleman Doug Emhoff, husband of Vice President Kamala Harris, will travel to southern Utah this week. [Tribune]

  • Governor Spencer Cox has appointed Marlo M. Oaks as the next state treasurer, replacing David Damschen, who resigned earlier this year. [Tribune]

  • Heavy rains cause flash floods in southern Utah. [Tribune]

National News

  • The Supreme Court rejected a request to lift the national moratorium on evictions due to the pandemic on a restricted vote. [WSJ]

  • Gasoline prices hit a 7-year high due to shortages ahead of the July 4th weekend. [ABC News]

  • The New York mayoral race was plunged into chaos when election officials mistakenly included test results in the latest vote count update. [Politico]

  • Arizona Representative Paul Gosar denied attending a fundraising event with a white nationalist group despite an online invitation promoting their presence. [WaPo]

  • South Dakota Governor Kristi Noem sends 50 National Guard soldiers to the US border with Mexico. A private donation pays for the deployment of a GOP megadonator. [AP]

  • The record-breaking heat wave in the Pacific Northwest sent hundreds of people to hospital. The roads are also deformed in the intense heat. [BuzzFeed]

  • Iranian-backed militias in Syria fired rockets at US troops. US forces responded by firing artillery at the rocket firing positions. [WSJ]

  • Dr Anthony Fauci warns that the COVID-19 Delta variant will create “two Americas” as the gap between vaccinated and unvaccinated areas widens. [CNN]

  • The US real estate market continues to be hot. The average price of homes in major metropolitan areas has increased almost 15% in the past year. [WSJ]

  • Walmart is launching a cheaper version of insulin that will cost around $ 73 per vial. [CNBC]

  • Fox News host Tucker Carlson claimed the National Security Agency was spying on him. The agency basically called Carlson a liar. [Twitter]

  • North Korean leader Kim Jong Un has berated senior officials in that country for failing to prevent a COVID-19 outbreak. [AP]

  • Video of the day: 87-year-old Senator Chuck Grassley pulled off 22 push-ups in a contest against much younger Senator Tom Cotton. [Twitter]

Wednesday Morning Utah News Roundup

Utah

  • A blood shortage could force Utah hospitals to delay procedures. [Tribune]

  • The “unofficial” LGBTQ pride march at BYU draws hundreds of people. [Tribune]

  • Utah is named the most independent state before July 4. [FOX13]

  • What will a gondola look like through Little Cottonwood Canyon? [KSL]

  • Investigators are examining the similarities between several apartment fires. [ABC4]

  • The Summit County Sheriff’s newest patrol sergeant is the first woman on duty. [Park Record]

COVID-19[feminine

  • Près de 1,4 million d’Utahns sont entièrement vaccinés contre le COVID-19. [Tribune]

  • COVID-19 is jeopardizing progress in children’s well-being, according to the KIDS Count report. [DNews]

  • UTA is extending its free rate for COVID-19 vaccinations by 3 months. [Standard Examiner]

Local government

Environment

Education

  • New SLC Schools Superintendent says students need someone like him. [KUTV]

  • Parents of children with disabilities struggle to find inclusive classrooms. [KUTV]

On opinion pages

  • Rachel Rueckert: Accept the bans. Fireworks kill you. [Tribune]

  • I found an apartment, but it certainly wasn’t easy, says the newly arrived Salt Lake Tribune reporter. [Tribune]

🎂 You say it’s your birthday? !!

Happy Birthday to Former State Representative Carl Wimmer and Former State Representative Sheryl Allen.

Do you have a birthday that you would like us to recognize in this space? Send us an e-mail.

– Tribune reporter Connor Sanders contributed to this story.


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