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Tue December 29, 2020 - West Edition #1 Utah Business The new monumental Class A project is situated on more than 1,300 acres and is among the largest industrial business parks to launch in the entire U.S. The joint venture of NorthPoint Development, a Missouri-based developer, and The Romney Group, will soon begin construction on what will be a brand new more than 18-million-sq.-ft. warehouse, manufacturing, office and commercial project in Grantsville. The partnership has selected Cushman & Wakefield to perform brokerage services. Named the Lakeview Business Park, the new Class A project is situated on more than 1,300 acres and is among the largest industrial business parks to launch in the entire United States, according to developers. The partnership will invest more than $1 billion in developing the park. Construction commenced in November on the first speculative building totaling 506,930 sq. ft. in size, and expandable to 1 million sq. ft. The remainde ....
Posted on 8625 The joint partnership of NorthPoint Development, a Kansas City based developer, and The Romney Group have begun construction on what will be a brand new more than 19-million-square-foot (msf) state-of-the-art warehouse, manufacturing, office and commercial project in Grantsville, Utah. The partnership has selected Cushman & Wakefield (NYSE: CWK) to perform brokerage services. Named the Lakeview Business Park, the new monumental Class A project is situated on more than 1,300 acres. The partnership will invest over $1 billion in developing the park. Construction commenced in November 2020 on the first speculative building totaling 506,930 square feet (sf) in size, and expandable to 1 msf. The remainder of the project is being developed in phases at future dates yet to be determined. ....
With no tax increase, fund balance used to break even ♦ Tooele County’s proposed 2021 budget will consume some fund balance, but require no property tax increase, according to Tooele County Auditor Alison McCoy. McCoy presented the proposed budget at the Dec.1 County Commission meeting in the Commission Chambers at the Tooele County meeting. The general fund budget will increase by 7.1%, from $46.5 million to $49.8 million. The increase reflects an approximate $1.2 million increase in property tax due to growth in the tax base, not an increase in the tax rate. Other major sources of revenue for 2021 are projected to be comparable to the 2020 budget. The county’s general sales tax is budgeted to drop by $140,000 to $2.56 million. The federal payment in lieu of taxes is budgeted at $3.3 million, the same as 2020. ....