🌱 "Crazy High" Costs Halt Construction + UTA's $950k Grant

Salt Lake City UT

23 November, 2021

6:29 PM

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Hey, people of Salt Lake City! It's me again, Sean Peek, your host of the Salt Lake City Daily. First, today's weather: Cooler; a morning flurry. High: 41 Low: 25. Here are the top stories today in Salt Lake City: A builder looking to build missing middle for-sale housing on a now-vacant lot in Liberty Wells has been stalled by the high cost of materials caused in part by the pandemic. Peter Corroon, the developer behind the seven-unit townhome project in the city's Liberty Wells neighborhood, tells us his firm hasn't yet moved ahead with his project after years of work due to "crazy high" construction costs. The issue represents a rare headwind that's been able to slow down an otherwise booming commercial real estate market in the region. (buildingsaltlake.com) Utah transit researchers are getting a major funding boost as they seek ways to connect the University of Utah's Research Park with a growing innovation district in Salt Lake City. The U.S. Department of Transportation on Friday announced recipients of its annual Rebuilding American Infrastructure with Sustainability and Equity grants, including $950,000 to the Utah Transit Authority, for its "TechLink Corridor Study." UTA, also on Friday, announced it has hired Jay Fox as its new executive director, replacing Carolyn Gonot, who left earlier this year to take the general manager and CEO position at the Santa Clara Valley Transportation Authority in San Jose, California.(KSL.com)Every day this week, TSA officials plan to screen roughly 30,000 people and their luggage at Salt Lake City International Airport. (ABC 4) It's been months since tenants were displaced from their homes due to the incoming Kozo House apartment complex on Salt Lake City's west side. Now, developers are talking with community members about what they want to see as the project moves forward. (KUER 90.1) A man was arrested early Tuesday after police say he stabbed his ex-girlfriend's new boyfriend in a tent in the northern part of Salt Lake City. (KSL.com) Today's Salt Lake City Daily is brought to you by Newrez. When house hunting, choosing the right mortgage is one of the most important steps. Here's why playing it smart with your mortgage can save you cash. Newrez, LLC (NMLS #3013) From our sponsors — thanks for supporting local news! Featured businesses: Add your business here Events: Celebrate Thanksgiving With 15 Percent Off Floral Centerpieces (November 26) Add your event Now you're in the loop and ready to start this Wednesday off right. See you all tomorrow for another update! If you're into these newsletters, consider bringing some friends and neighbors into the fold. You can send them this link to subscribe. — Sean Peek About me: Sean Peek is a writer and entrepreneur with a degree in English Literature from Weber State University. Over the years, he has worked as a copywriter, editor, SEO specialist, and marketing director for various digital media companies. He currently co-owns and operates content creation agency Lightning Media Partners.