Mayor OKs tearing down and sale of Academy Square
PROVO
- Mayor George Stewart signed an agreement allowing the city to tear down and sell Academy Square, but the historical building will not change much in appearance. The agreement, which must be ratified by the City Council, calls for the property to be sold to Georgetown Development for $765,000 plus demolition costs. The building will be torn down, and the bricks will be salvaged for use in a combination office and condominium complex, which will be built with the same facade as the current structure. The beehive monument in front of the buildings will be restored. The condominiums will be luxury housing.
Distribution firm plans outlet in Spanish Fork
SPANISH FORK - Fingerhut, a national distribution company, plans to build 1.5-million-square-foot distribution center at the mouth of Spanish Fork Canyon. In a meeting of the Spanish Fork City Council and the city's Redevelopment Agency, Fingerhut spokesman Lee Wilwerding showed a video of Western Distribution's plans to locate on a 163-acre parcel owned by H.E. Davis and Sons. Western Distribution is a Fingerhut subsidiary. The company anticipates hiring 527 permanent employees when it begins functioning in mid-1996, the study shows. When it is fully operational, the company will employ between 700 and 800.
UDOT holds hearings on plans for rest areas
LINDON - The Utah Department of Transportation is one step closer to helping motorists rest a little easier. UDOT held a public hearing for comment concerning its proposal to build two larger rest areas near the two existing rest areas on I-15 between mile markers 277 and 278, just southeast of the 2000 West overpass in Lindon. The $4 million project would require an additional 30 acres of right-of-way land and could be completed by fall of 1995.
Merger gets moved up for Novell, WordPerfect
PROVO - The wedding date's been moved up by almost 30 days for Novell Inc. and WordPerfect Corp., with Borland International standing in as a bridesmaid. The Provo-based network giant and the Orem software company, along with the California spreadsheet division, announced their plans March 21, expecting the $1.4 billion dollar deal to be done by the end of July. The closing will take place early this week. Word-Perfect becomes a wholly owned subsidiary of Novell with the approval of the deal by the Federal Trade Commission.