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Plans for 21-Story Tower are On, Despite Disagreement

Plans for 21-Story Tower are On, Despite Disagreement



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Ashley Hayes ReportingA major disagreement between Salt Lake City Mayor Rocky Anderson and a developer seemed to end a development deal in Salt Lake City. But now, the developer's partner says the deal is on, and he's looking for a new investor.

The 21-story tower is still going to be constructed, though the start date has been moved back from July 10. The remaining business partner on the project says it will now be delayed until August. That's because of the disagreement his partner had with Mayor Anderson.

Anderson claimed Dell Loy Hansen of Wasatch Properties tried to cheat taxpayers out of Redevelopment Agency interest and incentives tied to bringing television station KUTV to downtown. That's a total of at least $200,000. That's why Mayor Anderson encouraged the board to deny Hansen a $6-million loan for the downtown office tower he wanted to build.

Hansen says a conversation with Anderson would have cleared things up.

"You don't have to make me a criminal," Hansen said earlier. "You don't have to make me a liar. [You] just have to be honest with me and say that's an important issue to you."

Mayor Anderson said, "These are public funds. I have a responsibility, as does the R.D.A. and the board, to make sure that people live up to their agreements."

Hansen dropped out of the project. Bruce Bingham, the other partner in the project, says Hansen's dropping out didn't come as a surprise.

With the groundbreaking two months away, Bingham is looking locally and nationally for a new investor.

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