Thursday, July 13, 2006

The Deets On The Utah County Stadium Dark Horse

A plan has emerged to build the Real Salt Lake Stadium on the old Geneva Steel site. The plan offers to donate the land to Real Salt Lake as an anchor for a planned multi- use development for the site. Under the plan, the entire project would be privately funded, requiring no public money or legislative approval. The stadium will piggyback on the existing infrastructure plans. The site is accessible by 3 freeway off ramps and is adjoined to a planned commuter rail stop. I think this plan has legs and will be a tough competitor.

11 Comments:

Anonymous JackJack said...

so ...
Real Orem?
Real Pleasant Grove?
Real Lindon?
Real Steel?
Real Chris and Joe Cannon Bankrupted the Steel plant that used to be here and employed over 2500 people, so, what the hell lets make him a congressman?
Real Utah?
Real Happy Valley?
Real what's that smell? Oh, that's just the lake?
Real Carp?
Real Really South of Salt Lake?
Real BYU?
Real UVSC?
Real Micron?
Real Lehi?
Real American Fork?

7/13/2006 05:01:00 PM  
Blogger JM Bell said...

I like Real Ethan.

/but the fifth one down on JackJack's list made me laugh

7/13/2006 05:04:00 PM  
Anonymous JackJack said...

damnit

forgot the easy one ... ahem

Real Geneva?

/thanks, JM, I felt pretty inspired by that one.

7/13/2006 05:12:00 PM  
Blogger theorris said...

I'm still going for Real Panguitch, jack jack.

Anyway completely off topic: is it news that Mansell is resigning from the State Senate?

7/13/2006 05:35:00 PM  
Anonymous Anonymous said...

No, that's been known for a while.

7/13/2006 06:26:00 PM  
Blogger CapitalCarnage said...

This comment has been removed by a blog administrator.

7/14/2006 09:10:00 AM  
Blogger CapitalCarnage said...

Why do I get the feeling that you (Ethan) just had an epiphany that Utah might lose ReAl for good, and now you are trying to find a solution to get behind, so you won’t get lynched? I mean c’mon ReAl SALT LAKE in PROVO!? I know in my heart Ethan that you think that is blasphemous.

7/14/2006 10:26:00 AM  
Anonymous Anonymous said...

Rumor has it that the Utah County plan is being put forth by Anderson Development, a Sandy-based real estate company, co-owned by Gerald D. Anderson and Michael Hutchings, which paid $46.8 million for the 1700 acre Geneva Steel property, assuming control of its demolition, cleanup and development.

Connecticut-based Contrarian Capital provided debt financing for one-half of the $46.8 million deal. Glen Pettit, a private Utah investor, provided equity financing for the remaining half.

House Speaker Greg Curtis, R-Sandy, works for a law firm whose main client is one of the larger development firms in the state — Anderson Development. Developers have a number of bills they're supporting this session, including a bill by Sen. Al Mansell, R-Sandy, that would severely restricted city zoning powers but is now being rewritten.

House Speaker Greg Curtis, R-Sandy, an attorney, represented Anderson Development in June 2005 at a Provo City planning commission meeting and sought to change zoning on 34 acres of property from agricultural to residential to make way for homes.

The request was denied in a 4-3 vote and Anderson Development filed a lawsuit.

City officials have raised questions about whether the move is retaliation for a rezoning request Curtis lost before the Provo City Council earlier that summer.

Anderson Development, its allies and attorneys, Michael Hutchings and Bruce Baird (law partners of Greg Curtis), have sued Summit County nine times over the last few years in an attempt to eliminate all zoning within the Snyderville Basin, so that they can develop without restriction. They have never prevailed in any of those lawsuits. In one of the suits in which the County prevailed, Anderson Development dredged and filled wetlands without a permit in Silver Creek Junction, and then sued the County when its Engineer enforced the County’s laws by stopping their work and requiring Anderson to repair the damage before proceeding with any further development. In other lawsuits, Anderson Development and others represented by the same attorneys have pursued an admitted strategy of zoning by litigation by seeking to have the courts strike down all legislatively enacted zoning within the Snyderville Basin and take over the legislative planning and zoning function. Early this year, Anderson Development again sued in federal district court, alleging violations of the Fair Housing Act. More recently, Bruce Baird made allegations against County officials and employees asking the Attorney General to remove them from office for practicing incentive zoning. According to Chair Richer, “It seems Anderson Development and its allies’ strategy is to try to bury the County in lawsuits in order to force the County to approve high density developments.”

In yet another attempt to convince a court to strike down all of Summit County’s zoning laws within the Snyderville Basin, Anderson Development and other land owners in Summit County who wish to develop their land without restriction, filed a civil RICO lawsuit in the Federal District Court on October 3rd challenging Summit County’s current and historical incentive zoning policy within the Snyderville Basin.

The federal Racketeering, Influence and Corrupt Organization or RICO laws were originally enacted as a tool to prosecute organized crime syndicates (Mafia organizations) for conspiracies to engage in criminal enterprises, such as drug distribution rings, truck hi-jacking rings, and other racketeering activities. Recently, the RICO laws have been used to criminally prosecute street gangs for their criminal enterprises. While the federal law allows for civil RICO actions to be filed by private individuals, traditionally they are very limited in scope due to the necessity to prove criminal activities or motives and have been used generally in the white collar crime arena such as securities fraud.

Another item: Concerns over alleged intimidation tactics by a bidder on Geneva Steel's property prompted a Chapter 11 trustee to call for a gag order on communications between all bidders.

On Thursday, U.S. Bankruptcy Trustee James T. Markus requested a court order prohibiting bidders from communicating with each other to prevent collusive bidding and intimidation tactics from being used in the bankruptcy sale of Geneva's 1,700-acre land in Vineyard.

Markus's request comes after Michael Jones, an attorney for Anderson Development LLC, a bidder on the Geneva property, allegedly left an "inappropriate" recorded message on the voicemail system of Nancy Peterman, an attorney for rival and stalking horse bidder Utah Lake Development LLC. The company had issued a stalking horse bid or a "floor" price of $44.5 million for the property, which all other bids must exceed.

The message suggested that Anderson was "preparing to go to 'war' with Utah Lake unless the parties could reach 'common ground,' " Markus said in court documents filed late Thursday.

Jones was accused of making the call to Utah Lake despite being told by Markus to not contact other bidders, the documents say.

But Michael Hutchings, another Anderson attorney, denied the trustee's allegations of collusive bidding.

Anderson, which owns a 320-acre parcel in Vineyard near Geneva's property and plans to build more than 1,000 homes there, filed court papers opposing the trustee's request.

7/14/2006 02:05:00 PM  
Anonymous Anonymous said...

Capital Carnage - Ethan didn't say he liked the idea or that he agreed with the plan, what he said is that it is an idea that will get legitimate discussion. No inconsistency on Ethan's part here.

7/14/2006 02:55:00 PM  
Blogger CapitalCarnage said...

I never stated that Ethan said anything. I simple wrote my impression.

7/14/2006 08:05:00 PM  
Blogger CapitalCarnage said...

Should be simply

7/15/2006 08:40:00 PM  

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