August 2022

Salt lake city

Salt Lake City police make gun and drug arrests

Photo: Salt Lake City Police

SALT LAKE CITY, Utah, Aug. 31, 2022 (Gephardt Daily) — Salt Lake City police, part of the department’s Liberty Bike Squad, arrested two people on multiple felony charges on Aug. 22.

Police arrested driver Aumhil Stewart, 20, because they knew from previous interactions that his driver’s license had been revoked, a statement released by the SLCPD said.

Stewart’s passenger has been identified as 22-year-old Daisy Benitez.

The vehicle was searched prior to impoundment and firearms, at least one of which was stolen, were found. Large amounts of substances suspected to be heroin, cocaine and oxycodone pills were also found, police said.

Photo: Salt Lake City Police

Stewart was charged with:

  • Theft by concealment of stolen goods, a second degree crime
  • Three counts of possession with intent to distribute a Class C substance, a second-degree felony
  • Possession of a dangerous weapon by a restricted person, a third degree felony
  • Possession or use of a controlled substance, a Class B misdemeanor
  • Driving a vehicle with a revoked license, a class C misdemeanor

Benitez was charged with:

  • Two counts of possession with intent to distribute a Class C substance, a second-degree felony
  • Theft by concealment of stolen goods, a second degree crime
  • Two counts of possession of a dangerous weapon by a restricted person, a third degree felony

Both suspects were incarcerated in the Salt Lake County Jail and were held without bail.

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Utah economy

Think gas is expensive in southern Utah and Nevada? Try Hawaii or California – St George News


Gasoline prices seen at a Sinclair station on old Route 91, Cedar City, Utah, June 23, 2022 | Photo by Alysha Lundgren, Cedar City News

CHARACTERISTIC – As summer draws to a close, many Americans are looking for that last epic road trip or vacation. Planning ahead will save you money in the long run. But can we expect pity for the tanks?

Hawaii has the most expensive gas in the United States on average, at $5.349 per gallon. For specialty gases such as mid, premium, and diesel fuels, you can expect to pay $5,558, $5,801, and $6,101 respectively. Finalists included California at $5,343, Nevada at $4,928, Alaska at $4,893, Oregon at $4,851, Washington at $4,798 and Idaho at $4,691.

Utah is not too far behind.

It’s home to some of America’s most incredible sights, but it’s also home to high gas prices. On average, a trip to the gas station will cost you $4,587 per gallon. If you’re looking for average quality, you can expect to pay $4,810 per gallon. Premium will set you back $5,011 while diesel costs $4,934 on average.

As restrictions eased across the country, Americans encountered a new adversary: ​​rising inflation. Soaring inflation associated with the war in Ukraine has caused gasoline prices to rise across the country, forcing many people to cancel or change their vacation plans. Avoiding states with more expensive gas is one step you can take to maximize your budget as you try to make one last trip this summer.

Why so different from state to state?

Stephen Arbogast, a professor at the University of North Carolina, offered some tips for better understanding the gas dilemma. Factors that affect gasoline prices include distance to refineries, competing supplies from imports, and the degree of competition with service stations.

Utah map by county shows fuel price range, August 30, 2022 | Courtesy of AAA Utah, St. George News

“Closer proximity lowers logistics costs and leads to lower prices in Texas and North Carolina compared to Colorado or Oregon,” Arbogast said.

Competing supplies keep prices low in New York but high in California, as that state has less access to Gulf Coast refineries. “Finally, markets with discount chain stores, like City and Jet, offer lower prices,” he added.

Click here for AAA’s State-by-State report on average gas prices. But for now, let’s dive into the states with the highest prices.


Known as much for its celebrity population as it is for its smog, California has some of the highest gas prices in the country. How much does gas cost in California?

On average, a trip to the gas station will cost you $5,343 per gallon. If you’re looking for average quality, you can expect to pay $5,553 per gallon. Premium will set you back $5,696, while diesel costs $6,229 on average.


Home to Sin City and low taxes, visitors might be shocked to learn just how high gas prices are in Nevada. You might lose it at the pumps before you lose it at the slot machines, with the average gallon costing $4,928. The mid-range will cost $5,173 on average, while the premium and diesel will cost $5,382 and $5,166 respectively.


The 49th state is no bargain when it comes to refueling. On average, you can expect to pay $4,895 per gallon for regular and $5,103 for midrange. If you’re in the premium and diesel market, it’ll cost you $5,300 and $5,399 per gallon.


Home to one of the deepest lakes in the world – Crater Lake – Oregon is also home to one of the most expensive gas in the United States. When you fill up, you can expect to pay $4,851 on average. The mid price is currently priced at $5,056, while the premium is priced at $5,267. Diesel will cost you $5,705 per gallon.


Washington is home to quality apples and rabid sports fans. Unfortunately, their gas prices are also among the highest in the country.

On average, a trip to the gas station will cost you $4,798 per gallon. If you’re looking for average quality, you can expect to pay $5,038 per gallon. Premium will set you back $5,227 while diesel costs $5,635 on average.


Their potatoes may be plentiful, but Idaho gas prices are high. On average, you can expect to pay $4,691 per gallon for regular and $4,928 for midrange. If you’re in the premium and diesel market, it’ll cost you $5,147 and $5,209 per gallon.

How to save more on gas

Dr Robert Scott, professor of economics, finance and real estate at Monmouth University, gave his thoughts on rising petrol prices and what ordinary Americans can do to save on the tank.

His first piece of advice: Drive fewer miles.

“It’s amazing how much less driving someone can do with a little thought about travel,” said Dr. Scott.

Saving miles will not only save you money at the pump, but also allow you to benefit from government incentives.

“The IRS just increased the reimbursed mileage rate to $0.625 per mile,” Dr. Scott said.

And what about converting all cars to hybrid or electric?

“There would be an initial benefit to the economy because many people would buy new cars,” he says, citing the Cash for Clunkers program in 2009.

While electric cars may be prohibitively expensive for some people, Dr. Scott is optimistic about a future with hybrid vehicles.

“Hybrids are a more efficient way to reduce gas consumption,” he says.

With gas prices high across the country, it might be time to consider investing in a hybrid vehicle to save money at the pump and protect the environment.

Written by JUSTIN McDEVITT, Wealth of Geeks Network, for The Associated Press

Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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Salt lake city government

Advocates see ‘slow’ progress on drug and mosquito issues at Utah State Correctional Facility

Utah Department of Corrections responds after the families of the detainees spoke about the conditions in the new Salt Lake City State Correctional Facility. Advocates had seen an increase in a range of complaints ranging from access to medication to mosquito infestation.

Regarding the problems that prevented inmates from accessing prescribed medication, the UDC said it was due to “problems” in a new medical records system known as the Fusion.

Medication issues are starting to ease, says director and co-founder of the Utah Prisoner Advocate Network Molly Prince. However, questions remain about prisoners’ access to medical care outside the prison.

“It appears they are moving slowly, but we have heard concerns about coordination between U of U physicians and physicians from the Office of Clinical Services at the Utah State Correctional Facility,” she said.

A tan August 25 Briefingthe corrections department said it was working to get medication to inmates who needed it, which included the help of more than two dozen medical staff from the NIHA Department of Health and Human Services. Utah.

“We are days away from having more normal operations and knowing that we are providing the services that we know we are required to,” the executive director said. Brian Nielson.

Some families still say the care is lacking in the new facility.

“[Inmates] continue to submit medical requests, but the focus is on the issue of prescriptions, so medical appointments are taking a long time,” said Karen Thompson, whose son is at the facility. “Our goal is to keep this issue front and center and help by encouraging those affected to use the Inmate Care Request System to document the request and allow the medical clinic to prioritize care and resources.

Nielson said medical staff see “hundreds” of inmates a day and triage care is based on the inmates’ individual needs. Despite the issues with the new medical software, he said the plan was to keep moving forward with the system.

“It would be very, very difficult to go back to the system we left,” he said. “The path I see to success is moving forward with Fusion right now.”

In addition to technical issues, Nelson added that staffing shortages also continue to affect the prison system.

On the mosquito issue, Prince said there has been progress, but concerns have been raised about abatement measures negatively impacting wildlife in the area.

“Now there is a kind of balance between making sure that incarcerated people and staff members are protected from mosquitoes while making sure that wildlife has a right to live there as well,” he said. she stated. “It’s such a complicated question.”

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Salt lake city

Salt Lake City Raises Property Taxes After Reported Increase in Demand for Services

Downtown Salt Lake City and the Salt Lake Valley are pictured June 2. The Salt Lake City Council voted Monday in favor of a property tax hike. (Spenser Heaps, Deseret News)

Estimated reading time: 2-3 minutes

SALT LAKE CITY — Leaders in Utah’s capital on Monday approved a plan that raises property taxes by about 4.9%, which will be used to increase city services and pay for new projects on the side west of town.

The Salt Lake City Council approved the increase at a short special meeting on the matter. City officials say the increase will raise property taxes by $130.45 a year on the home at the median price of $520,000.

The vote came months after Salt Lake City Mayor Erin Mendenhall first proposed the increase in May, saying it would help pay for the city’s ongoing services/expenses, staff/ library expenses and legal coverage related to unprecedented demand for municipal services.

Council heard from a few residents opposed to the measure at a meeting earlier this month. George Chapman, another Salt Lake City resident, offered a last-ditch attempt to persuade council members to raise taxes.

“If this happens, disabled veterans, low-income seniors (wage earners and) fixed income will all be affected,” he said. “This tax hike is a slap in the face, especially to these people.”

Michael Bills, a resident of the city’s west side, is among those backing the increase in the past two meetings. He told the council he was pleased that more money was being directed to the west side of the city, not only from the tax increase, but also from a $67.5 million bond on revenue from the sales tax that the board approved Aug. 17 and a general obligation of $85 million. headed for the November ballot.

Nearly a third of the bond obligation is expected to fund the new Glendale Regional Park.

“I think those include a lot of very late attention to west side projects,” he said. “Citizens on the west side have paid for the trails and parks on the east side and have very little to show for it. Nobody likes a tax hike, but I think those of us on the west side would like to see something in back for our taxes.”

The council also decided on Monday to continue a hearing on an amendment to its final budget for the 2022-23 fiscal year, which focuses on using transportation impact fees to rebuild streets, funding equipment that educating voters about the obligation that’s on the ballot, making improvements to bike and pedestrian access in the 600 North/700 North corridor and funding a grant for outdoor activities.

The public hearing on the proposal is now scheduled for September 6.

Related stories

Latest Salt Lake County Articles

Carter Williams is an award-winning journalist who covers general news, the outdoors, history and sports for He previously worked for the Deseret News. He is a transplant from Utah via Rochester, New York.

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Salt lake city government

3D Face Mask Market Size Worth USD 27.92 Billion by 2030 |

Newark, Aug. 29, 2022 (GLOBE NEWSWIRE) — According to report published by The Brainy Insights, the global market for 3D face masks is expected to grow from $3.59 billion in 2021 to $27.92 billion by 2030, at a CAGR of 25.60% over the forecast period 2022-2030.

Download the report (235-page PDF with information, graphs, tables, figures) at:

The COVID-19 attack in China has created a huge need for face masks for healthcare workers and doctors, which has led to supply chain disruption in different countries. The growing demand for respiratory protection, face protection and others in the healthcare sector protects people and healthcare workers during the continuation of the new Covid-19 pandemic, which is expected to expand the market. Healthcare workers are at significant risk in an atmosphere with a high viral load. These elements can stimulate the growth of the industry.

Competitive strategy

To strengthen their position in the global 3D face masks market, the major players are now focusing on adopting strategies such as product innovations, mergers and acquisitions, recent developments, joint ventures, collaborations, and partnerships.

• In February 2020, in response to overwhelming market needs, Alpha Pro Tech Ltd. announced an expansion of production of its N-95 respirator masks. The company has expanded its display facility in Salt Lake City, Utah, and will now be able to create more N-95 respirator masks.

For more insights on the analysis of this report visit:

Market growth and trends

The increasing importance of protection against viruses and harmful pollutants in growing economies, especially India, China and Brazil, due to the rise of the industrial field, is expected to increase the need for disposable masks to prevent any possible illness. The COVID-19 outbreak has caused a dramatic growth in the 3D face mask market globally. These 3D face masks help prevent infection control measures from spreading the virus. Millions of people around the world are suffering from pandemic conditions such as infectious COVID19 viruses, which have already killed millions. Likewise, to circumvent the shortage of face masks, the government has increased its investment in manufacturing, which is pushing the development of the 3D face masks market. However, airborne disease transmission is due to the spread of droplets that remain contagious while remaining in the air over long distances. Protection establishing a wall and procedures to dump or release the virus from the environment or personal effects provide the basis for interrupting the transfer of disease by direct contact. According to the Centers for Disease Control and Prevention, the spread of airborne infections, such as seasonal flu, kills 300 to 400,000 people each year. (H1N1) Influenza A killed 16,000 people worldwide.

Interested in getting the data? Inquire here at:

Main findings

• In 2021, the Type-R segment dominated the market with the largest market share of 34% and revenue of 1.22 billion.

The product type segment is divided into Type-Sp, Type-R and Type-St. In 2021, the Type-R segment dominated the market with the largest market share of 34% and revenue of 1.22 billion. These types of masks are mainly used for protection against the transmission of various diseases such as Covid-19.

• In 2021, the disposable segment dominated the market with the largest market share of 57% and revenue of 2.04 billion.

The usage segment is divided into disposable and reusable. In 2021, the disposable segment dominated the market with the largest market share of 57% and revenue of 2.04 billion. The growth of offline and online advertisements for the use of disposable masks to protect the body from the deadly bacteria of COVID19 is driving the development of the face mask market.

• In 2021, the e-commerce segment dominated the market with the largest market share of 27% and revenue of 0.96 billion.

The distribution channel segment is divided into supermarkets, hospital pharmacies, retail providers, e-commerce and others. In 2021, the e-commerce segment dominated the market with the largest market share of 27% and revenue of 0.96 billion. The trend of online shopping due to the Covid-19 crisis is rapidly propelling the growth of the market.

Regional Segment Analysis of 3D Face Mask Market

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, rest of APAC)
• South America (Brazil and rest of South America)
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Among all regions, Asia-Pacific has emerged as the largest market in the global 3D face mask market, with a market share of around 34.5% and 1.23 billion in market revenue in 2021. People in India are moving more deliberately in their hygiene, and the growing industrial field and government regulations and rules to cover workers’ health are the essential elements anticipated to drive the development of the market in this region. Similarly, urbanization and rising disposable income in India and China are expected to increase product needs over the next few years.

You have a question ? Ask our experts:

Key Players operating in the Global 3D Face Masks Market are:

• The Mentholatum company
• Shanghai Dasheng Health Products Manufacture Co., Ltd.
• Prestige Ameritech
• Molnlycke Health Care AB
• Medline Industries, Inc.
• Kimberly Clark Corporation
• Honeywell International Inc.
• Cardinal Health, Inc.
• Cantel Medical Corp.
• 3M Company

This study forecasts revenue at global, regional and country levels from 2019 to 2030. The Brainy Insights has segmented the global 3D Face Masks market based on the segments mentioned below:

Global 3D Masks Market by Product Type:

• Type-Sp
• Type-R
• Type-St

Global 3D Face Masks Market by Use:

• Disposable
• Reusable

Global 3D Face Masks Market by Distribution Channel:

• Supermarket
• Hospital pharmacies
• Retail providers
• E-commerce
• Others

About the report:

The global 3D face masks market is analyzed based on value (USD billion). All segments have been analyzed on a global, regional and country basis. The study includes analysis of more than 30 countries for each part. The report offers an in-depth analysis of the drivers, opportunities, restraints and challenges to gain a critical overview of the market. The study includes Porter’s five forces model, attractiveness analysis, raw material analysis, supply, demand analysis, competitor position analysis, distribution and marketing channel analysis.

About The Brainy Insights:

The Brainy Insights is a market research company, aiming to provide businesses with actionable insights through data analytics to improve their business acumen. We have a robust forecasting and estimating model to meet customers’ high-quality production goals in a short period of time. We provide custom (customer specific) and syndicated reports. Our repository of union reports is diverse across all categories and sub-categories of domains. Our customized solutions are designed to meet customer needs, whether they are looking to expand or planning to launch a new product in the global market.

Contact us

Avinash D
Business Development Manager
Phone: +1-315-215-1633
Email: [email protected]

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Salt lakes real estate

US Cities Where Home Prices Are Falling Fast

With mortgage rates rising to their highest levels since the 2008 housing crisis and fears of a recession, the real estate market is bracing for a downturn. Many experts are warning sellers to say goodbye to the pandemic housing boom and welcome an era of fewer bidding wars and higher inventories. That said, national house prices are expected to rise 4.3% between June 2022 and June 2023, according to CoreLogic
. Yet some parts of the country remain particularly vulnerable to falling house prices.

Here’s a look at where we might expect to see lower house prices, based on which cities sellers are cutting asking prices, which markets are most vulnerable to a recession, and which overvalued communities are set to undergo a correction.

US Cities Where Sellers Are Lowering Asking Prices

Many sellers have reduced their asking prices in recent months. Some cities, especially those that were popular at the start of the pandemic, are seeing this trend more widely than other regions, according to a recent report by national real estate brokerage firm Redfin.
. In an analysis of the 97 most populous metropolitan areas in the United States, a quarter of home sellers lowered asking prices in June.

Some of the hidden treasure towns that saw an influx of new residents during the pandemic are now cooling the fastest. Boise, Idaho, for example, touted as America’s most overvalued housing market, where prices soared as much as 80% last year, is seeing a decline. Recently, two-thirds of sellers (61.5%) in Boise reduced their asking prices, Redfin said.

“Higher mortgage rates and a potential recession are causing potential buyers in popular migration destinations to press the pause button, and they’re also having a big impact on workers in major job centers who are relying on their wallets. actions for installments,” Sheharyar Bokhari, senior economist at Redfin, said in the report. “Sellers are adjusting their expectations in real time as they realize they might not get the price their neighbor got two months ago.”

Denver is also seeing a decline, with 55.1% of sellers lowering asking prices for homes. Some 51.6% of sellers in Salt Lake City and 49.5% of sellers in Tacoma, Wash., recently reduced their prices. Other metro areas following this trend include Grand Rapids, Michigan (49.3%), Sacramento (48.7%), Seattle (46.3%), Portland, Oregon (45.7%), Tampa, Florida ( 44.5%) and Indianapolis. (44.1%).

“My advice to potential sellers is to list their home slightly lower than they should and be patient,” Denver Redfin agent Andy Potarf said in the report.

The markets most vulnerable to a recession

In a separate survey, Redfin looked at cities where residents have high debt to income ratios and where home equity remains vulnerable because of it. In these regions, owners are more likely to foreclose or sell at a loss.

Riverside, California tops the list of cities most vulnerable to a recession. Riverside “has highly volatile property prices and was a popular destination during the pandemic, both for people moving permanently and for those buying second homes,” according to the report. Boise, Idaho, came second, followed by Cape Coral, Florida, North Port Fla. and Las Vegas. Sacramento, CA, Bakersfield, CA, Phoenix, Tampa, Florida and Tucson, Arizona followed as risky markets that could be hit by a recession.

Cities overvalued and ready to be corrected

An analysis by Florida Atlantic University and Florida International University has revealed the most overvalued housing markets in the United States. Well, since what goes up often comes down, these cities should experience a downturn in the coming months as well.

It’s no surprise that Boise, Idaho tops this list as well, with a current premium of 73%. Austin, Texas followed with prices up 68%, along with Ogden, Utah (65%), Las Vegas (61%), Atlanta (58%), Phoenix (58%), Provo, Utah (57%). ), Fort Myers, Florida (56%), Spokane, Washington (56%), and Salt Lake City, Utah (56%).

As you can see, some cities like Boise, Phoenix, and Salt Lake City have made multiple lists, making them prime targets for falling real estate prices. Meanwhile, the rapid growth in house prices that has occurred over the past two years is generally expected to slow.

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Salt lake city

Salt Lake City Police video of fatal encounter with unarmed man shows lack of de-escalation

A 911 caller in Salt Lake City says a man walked into a brewery in his underwear, tried to steal beer and ran down the street, posing a danger to himself and drivers . The police attempted to arrest the man. Soon, Nykon Brandon was dead.

After the Salt Lake City Police Department released body camera footage of the fatal Aug. 14 encounter and 911 recording on Friday, activists on Saturday questioned why an unarmed person was killed and blamed the police for using disproportionate force.

“Stealing a beer does not equate to the death penalty,” said Lex Scott, founder of Black Lives Matter-Utah. “I don’t care that this man robbed 10 banks in one day. He didn’t deserve to die. He deserved to go to court.

The death of Brandon, who was 35, comes as the United States still sees countless police killings of unarmed people, many of whom suffered from a mental health crisis. Activists have called for reforms, saying that rather than armed police which can often make situations worse, a better solution would be for special mental health crisis teams to intervene.

Brandon’s Facebook page says he had attended Southwestern Indian Polytechnic Institute, in Albuquerque, New Mexico, and worked for a company that sells appliances, plumbing and hardware. Many people who posted on his page expressed their shock and grief at his death.

The 911 caller said a man came to Fisher Brewing, attacked someone at the door and was “running around like crazy. Very erratic. He just jumped in and out of the road.

“Definitely mental health issues,” the caller said. “So if you have mental health resources, send them.”

Instead, body camera footage shows a police officer getting out of his patrol car and ordering Brandon to stop. When he resists and raises his fist and appears to reach for the officer’s gun in its holster, another officer pushes Brandon to the ground and the two officers attempt to pin him down. “Stop,” one of the officers says repeatedly as Brandon is on a bed of gravel between the road and the sidewalk and continues to push against the officers.

No attempt to de-escalate by police is visible or audible in footage from nine body-worn cameras, even though an executive order signed by Salt Lake City Mayor Erin Mendenhall two years ago requires all officers of the Salt Lake City Police Department to use climbing techniques before using force.

“De-escalation tactics are no longer suggested or preferred – they are mandatory before using force to effect an arrest, unless it is unreasonable to do so,” Mendenhall said in announcing the police reforms, which were prompted in part by the 2020 Minneapolis police killing of George Floyd.

Salt Lake City Police Department spokesman Brent Weisberg said of the Aug. 14 incident, “As the body-worn camera video shows, this is an unfolding situation. quickly unfolded. It was a chaotic situation and our officers had to make very quick decisions to get a very tense situation under control.

Before Brandon entered Fisher Brewing, he was taken by South Salt Lake police to a drug rehabilitation center after receiving a report of a confused and frightened man in a park just after 1 p.m. on August 14 . KUTV reported.

Officers determined he was intoxicated, took him to the facility, and cited him for public intoxication. But the facility is not a detention center and patients can leave as they please, KUTV reported.

Salt Lake City Police Department officers met Brandon at 3:22 p.m. In the videos, he was not heard speaking during his struggles with officers, except for possibly a few words that are not not clear.

A minute later, a third officer arrives. The video shows Brandon grabbing his holster and gun. They eventually manage to cuff Brandon’s hands behind his back as he lies on his gravel stomach.

“We want to help you,” said an officer. “You have to stop fighting with us.”

After a few seconds, Brandon stops moving. An officer taps Brandon on the shoulder with his gloved hand and asks “Can you hear me?” thrice. Brandon doesn’t answer.

“Get him to recovery,” one officer orders, and the others roll Brandon to the side.

“Come on man,” an officer said. All camera footage released by the police goes dark at this time.

Salt Lake City Police said in a news release that officers began performing medical treatment at 3:27 p.m. A minute later, they administered the first of several doses of Narcan and began performing compressions thoracic.

“At 4:16 p.m., the SLCPD is informed that Mr. Brandon has passed away. Exact time of death is unknown,” the press release read.

The police department said a full investigation was being conducted by an outside agency and the department’s own internal affairs unit would conduct a separate investigation.

Rae Duckworth, president of operations for the Utah chapters of Black Lives Matter, wants to know why the released footage doesn’t show the officers trying to help Brandon.

“We don’t even have proof that they actually administered the aid. We have no evidence that they actually administered Narcan,” Duckworth said.

Weisberg, the police spokesman, said footage of the resuscitation efforts was withheld out of consideration for Brandon’s family.

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Utah economy

Letter: Holding Local Leaders Accountable for Tax Hikes | News, Sports, Jobs

I want to commend the Ogden School Board, the Mayor of the Town of Ogden, the City Council, the Weber County Commissioners and the leaders of the Utah State government for following the example of our federal government and our political leaders by increasing the inflation and deficit spending that is crippling our economy.

The base is supposed to be where people have a chance to change the direction of their country and make the necessary changes.

Last night’s school board meeting is a prime example of what is wrong with this country. It is stated in the Monday, August 15, 2022 edition of the Standard Examiner that the council had already decided to raise taxes, without notice or input from the public, (fuelling inflation) without taxpayer consent.

Last night’s meeting was solely to comply with state law, not to consider public comment. All the meetings I’ve attended in the last month have had very little to do with listening to the public, and more to do with their scam.

“Extortion” is the practice of obtaining something, especially money, by force or threats. An illegal practice by you or me, but by the government, it is common practice. Lying and cheating politicians use it daily. As a people, we are gullible enough or spineless enough to give them permission to do so by voting for them. It’s time to hold them accountable for their actions. Vote them.

I hope we can all learn to be homeless if we don’t.

Robert Weston



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Salt lakes real estate

Is America on the brink of another housing meltdown? Mountain West and Sun Belt overvalued by 72%

Property prices could fall by up to 20% next year in a recession, experts warn – and property in some parts of the country is overvalued by up to 72%.

Moody’s Analytics chief economist Mark Zandi was pessimistic about the housing market in May, but has now made his forecast even gloomier, Fortune reported Wednesday.

It comes amid ongoing discussions about whether the United States is already in recession, with the country posting two straight quarters of negative growth – the traditional definition of such a slump.

The news is particularly dire for people who have bought homes in what Fortune calls “bubble” markets, with Boise in Idaho, Charlotte in North Carolina and Austin in Texas all named the most overvalued markets.

But a total of 180 other regions across the United States have properties deemed overpriced, many of which are highly desirable.

They include Los Angeles, Orlando, Seattle and Indianapolis, where properties are all estimated to be overvalued by 30%.

Homes in Houston are overvalued by approximately 34.5%, while properties in Montana are overvalued by 25%.

Picturesque Bend in Oregon – regularly voted one of the best places to live in the United States – has homes overpriced by 43.8%, according to Moody’s, with Billings in Montana overpriced by 25%.

REVEALED: America’s overvalued areas

While Boise, Charlotte and Austin are the top three in the United States for overvalued properties, 180 other areas across the country also have property values ​​that Moody’s says are inflated.

They understand:

Los Angeles/Long Beach: 30.3%

Ogden-Clearfield (Utah): 50.6%

Seattle-Tacoma: 29.5%

Orlando: 30.4%

Denver-Fort Collins: 42.7%

Houston: 34.5%

Indianapolis: 29.5%

Burlington, Vermont 27%

Columbus (Ohio) 29.4%

Grand Rapids, Michigan 45.6%

Vegas: 53.3%

Elbow (Oregon) 43.8%

Billing (Montana) 25%

Rapid City (SD): 44.2%

Atlanta: 35.3%

Charleston: 35.6%

It comes weeks after the US central bank raised the benchmark interest rate to 2.5%, with another increase to 3.4% expected by the end of the year as the Fed attempts to controlling inflation.

These interest rate hikes are expected to push the United States into recession and likely drive down the cost of real estate as it becomes too expensive for many to get a mortgage, making drop in demand.

The most overvalued areas are largely in the western mountain and the sunbelt.

Boise, Idaho – which has seen real estate prices soar during the pandemic as masses swap expensive towns in the Bay Area and wider California for bustling Idaho — is the most overvalued area, Zandi said.

Boise, where the current average home is worth $526,050 according to Zillow, is nearly 72% overvalued, though a recession should only wipe out 20% of home prices at most.

Charlotte, North Carolina is the second most overrated, at 66%, with Austin in third place at 61%.

Charlotte, North Carolina is 66% overvalued, with an average home at $406,137 right now — and Austin, Texas, is 61% overvalued, with an average of $661,337.

Flagstaff, Arizona ($668,845), is 61% overvalued, while Nashville, Tennessee ($460,447) is 54% overvalued and Miami ($552,082) is 34%.

It’s unclear why these overvalued areas should see a maximum of 20% of house prices wiped out, rather than the full amount that experts believe are overvalued.

Only a handful of places were considered undervalued – the most undervalued being Decatur, Illinois, where the average home is $92,129, 6% undervalued.

Montgomery, Alabama ($135,742) is undervalued by 2.6% and Grant’s Pass, Oregon ($418,440) is 3.1%.

The housing stock is at its highest level since April 2009, as sellers struggle to get rid of their property because mortgages have become more expensive and other financial pressures – high gas prices, soaring grocery prices – continue to be felt.

Mortgage rates have nearly doubled since January, hitting 5.13% for a 30-year loan last week, according to Freddie Mac.

The Fed’s efforts to reduce inflation by slowing spending caused a marked slowdown in home sales.

Moody’s Analytics assesses quarterly whether local economic fundamentals, including local income levels, can support local housing prices.

Their latest data, shared with Fortune, found that 183 of the country’s 413 largest regional real estate markets are “overvalued” by more than 25%.

And nationally, house prices are also likely to fall, Zandi said.

He predicts that U.S. house prices across the country will fall over the next 12 months between zero and -5%: a more pessimistic forecast than in June, when Moody’s Analytics expected house prices to fall. US real estate remain unchanged.

If the United States enters a recession, it will be worse: real estate prices will fall by 5 to 10%.

In the 183 overvalued areas, homes could fall 15-20% in a recession.

Moody's Analytics Chief Economist Mark Zandi updated his forecast for the housing market to be even more pessimistic

Moody’s Analytics Chief Economist Mark Zandi updated his forecast for the housing market to be even more pessimistic

The 10 cities that saw the largest share of listing price reductions last month are shown above

The 10 cities that saw the largest share of listing price reductions last month are shown above

Although real estate transactions have declined, prices remain solidly high, with the July national median sale price of $403,800 representing a 10.8% increase from a year ago.

Although real estate transactions have declined, prices remain solidly high, with the July national median sale price of $403,800 representing a 10.8% increase from a year ago.

Moody’s Analytics is not an outlier.

Ian Shepherdson, chief economist at Pantheon Macroeconomics, said on Tuesday the outlook for home sales was even bleaker than the Fed had predicted, and the “worse is yet to come” for house prices.

He tweeted on Tuesday that he had been “bearish as hell on housing for months” – meaning he predicted a major market drop.

A bear market is a market where prices are falling and people are selling.

He attached a graph showing the dramatic downturn and said, “Well, I feel vindicated.”

Sales of new single-family homes hit their lowest level in nearly seven years in July, falling 12.6% to a seasonally adjusted annual rate of 511,000.

Fitch Ratings has said it sees U.S. home prices falling by up to 15%, and Robert Shiller, an economist who correctly predicted the 2008 housing crash, thinks there’s a good chance house prices fall by more than 10%.

A study released Monday by real estate brokerage firm Redfin found that a high share of home sellers lowered their asking price in July, especially in former pandemic boom towns.

Boise saw 70% of registrations reduced in July, compared to just a third a year ago.

In Denver, 58% of real estate listings were reduced last month, while 56% of listings in Salt Lake City were removed from the original asking price.

“Sellers and individual home builders both quickly lowered their prices early in the summer, mostly because they had unrealistic expectations for price and time,” said Boise Redfin agent Shauna Pendleton. .

“They priced too high because their neighbor’s house sold for an exorbitant price a few months ago and expected to receive several offers the first weekend because they had heard stories at this topic,” she added.

A housing estate is seen in Boise, where last month 70% of home listings were reduced below their original asking price as sellers faced their 'unreasonable expectations'

A housing estate is seen in Boise, where last month 70% of home listings were reduced below their original asking price as sellers faced their ‘unreasonable expectations’

In Denver, 58% of real estate listings were reduced last month

In Denver, 58% of real estate listings were reduced last month

Home prices remain solidly high, with July's national median sale price of $403,800 representing a 10.8% increase from a year ago, and just below the record set in June.

Home prices remain solidly high, with July’s national median sale price of $403,800 representing a 10.8% increase from a year ago, and just below the record set in June.

The average rate for a 30-year fixed mortgage was 5.13% this week

The average rate for a 30-year fixed mortgage was 5.13% this week

“My advice to sellers is to price your home correctly from the start, accept that the market has slowed down and understand that it can take longer than 30 days to sell. If someone is selling a nice house in a desirable neighborhood, they shouldn’t need to lower their price.

Although industry data shows home prices remain higher than they were a year ago nationally and in nearly every market, listing discounts have increased significantly. spectacular as sellers’ high expectations collide with cold reality.

Redfin said the national share of homes for sale with price cuts hit a record high in July.

None of the 97 cities included in the analysis had less than 15% of real estate listings that were discounted from their original asking price.

More than half of the cities with the largest share of price cuts — Boise, Denver, Tacoma, Sacramento, Phoenix, San Diego and Portland — were among the 20 fastest-cooling housing markets in the first half of 2022.

Redfin notes that these markets had attracted dozens of eager homebuyers during the pandemic, when tech workers and other white-collar workers shunned more expensive markets and drove up home prices in small towns.

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Salt lake city government

Utah Named Best in Nation for Well-Maintained Bridges | News, Sports, Jobs

Isaac Hale, Special for the Daily Herald

Traffic drives along Interstate 15 under the Utah Valley University I-15 Pedestrian Bridge before a bridge dedication ceremony at UVU in Orem on Thursday, Jan. 14, 2021.

Many bridges across the United States have seen better days. Many of them are in poor or even worse conditions. It seems, however, that Utah is a bridge builder in maintaining and maintaining these special roads.

Whether owned by the federal government or local jurisdictions, Utah’s long-term efforts to keep bridges in good repair have not gone unnoticed.

On Friday, Utah was ranked best in the nation for the condition of its highway bridges. In a report released by the US Department of Transportation’s Federal Highways Administration, Utah’s bridges are considered the best maintained.

Utah has the lowest percentage of bridges on the National Highway System (which includes freeways and other key US highways) rated in “poor” condition among the 50 states.

Only 0.1% of Utah’s bridges are considered in poor condition due to the quality of the running surface, support beams, bases and columns.

Courtesy of Utah Department of Transportation

Replacement of the 1-15 bridge on US 89 in Lehi.

Under these measures, a state can be penalized if it has more than 10 percent of the state’s bridges in poor or less poor condition, according to the FHA.

“UDOT takes a proactive approach to maintaining Utah’s roads and bridges – we say ‘good roads cost less’ and our goal is to keep them in good condition, rather than waiting for repairs. are needed,” said Rebecca Nix, Utah Department. engineer in the management of transport bridges. “It helps our roads and bridges last longer, makes them safer and is a more efficient way to use taxpayers’ money.”

Only two National Highway System bridges crossing the Hive State were in poor condition at the time data was submitted to FHWA — the southbound I-15 bridge over East Nichols Canyon Road in Cedar City, which was replaced earlier this year, and the I-84 westbound bridge over 4400 south in Riverdale, scheduled for replacement in 2025.

The I-80 bridge over 2000 East in Salt Lake City was decommissioned in poor condition earlier this year, but its replacement is currently under construction as part of the I-80/I-215 reconstruction in Eastern County. Salt Lake.

As far as Utah County is concerned, there is only one bridge – at American Fork – which is in poor condition and money has already been spent to fix it.

With the expansion of Interstate 15 in Utah County over the past decade, a number of bridges have been upgraded or replaced. New motor vehicle and pedestrian bridges have been put in place from Lehi to Payson.

“There are 261 bridges in Utah County, 182 are owned by the state and the rest are owned by local agencies,” Nix said.

One of the most significant bridge construction projects in Utah County in recent years has been the I-15 Technology Corridor in Lehi.

The I-15 Technology Corridor was the final piece of the I-15 reconstruction in Northern Utah County, as the project included the final section of I-15 to be widened between Bangerter Highway and Spanish Fork. This construction included reconfiguration and the addition of bridges.

“This project, along with I-15 CORE, The Point, Access Utah County (all projects completed during Governor Gary Herbert’s tenure), and many others have created a transportation network that allows businesses to thrive,” said said UDOT spokesman John Gleason. “We’ve been working on I-15 in Utah and Salt Lake counties since before the 2002 Winter Olympics. That was one of the final pieces.

As part of this expansion, UDOT replaced significant amounts of aging infrastructure with new roadways designed to last another 40 years and bridges designed to last 75 years.

Bridges were built at Pioneer Crossing, along I-15 at American Fork, Pleasant Grove and the largest extended pedestrian bridge was built over I-15 from the Utah Transit Authority‘s FrontRunner Intermodal Station west of Orem to Utah Valley University on the east side of the highway.


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Salt lake city

Saving the Great Salt Lake is ‘top priority’, says Utah natural resources boss

SALT LAKE CITY — Saving the Great Salt Lake will be his “top priority” in office, the new head of the Utah Department of Natural Resources said Friday during his Senate confirmation hearing.

“Right now, the Great Salt Lake is the number one priority,” said Joel Ferry. “We are at record highs and the impacts on our long-term condition are significant and severe if we don’t really make the effort to turn things around.”

In an interview with FOX 13 News after the hearing, Ferry said he would also like to see a new study done on the need for the Bear River development project. He acknowledged that the last time this was looked at was in the 1990s when the state had a lot more water than it has now and “we made assumptions in the years 90 on water availability”.

“I’d like to see an updated study and a reexamination of what’s available, and then look at what our population projections are,” Ferry said. “Because the requirements were based on the gallons per capita per day of what we were using then.”

Environmentalists have opposed the Bear River project for years, arguing it would steal water that could go into the Great Salt Lake. The lake has reached a record low and presents a significant environmental and economic crisis for the state with reduced snowpack, toxic dust, and impacts on industry and wildlife around the lake.

“That’s precisely why I supported him today,” said Sen. Derek Kitchen, D-Salt Lake City, who offered to confirm Ferry as head of the DNR.

“I think Mr. Ferry is not only a great qualified candidate for the job, he understands the legislative process. He understands water policy in this community and I think he is absolutely right. he study that was commissioned and produced in 1992 no longer meets the needs of the state of Utah, so I think it’s high time we had a new study with fair questions that examines the reality of water forward and not backward.

Water was the main topic of the hearing for Ferry, a farmer and Corinne state legislator who was appointed by Gov. Spencer Cox to lead the agency that deals primarily with the state’s response. to the mega-drought and the spectacular shrinking of the Great Salt Lake.

“We have to start thinking outside the box on all of these issues,” Ferry said. “Things are different today than they were 40 or 50 years ago. So we have to be reactive to that.”

Ferry called for more conservation and acknowledged that Utahns may have to make further sacrifices as the state continues to grow. He said he wanted to see the agency increase its support for turf buyback programs and that Utahns may not be able to have as many non-functioning lawns in the future and have more tolerant landscapes. to drought.

He also said agriculture, the state’s largest water user, is expected to make changes.

“To look at agriculture and say that’s the limit, there’s not a lot of water,” Ferry said. “We need to conserve. We need to plant crops that are more suited to our environment.”

ferry said data showed Utahans are responding statewide and increasing the amount of water they conserve. It helped stretch the resources of the reservoir.

“We started with 15% less and yet we closed the gap with our message of conservation,” he said.

But what the future of conservation looks like may be different in every part of the state. He pointed Washington County communities pass strict landscaping and water use ordinances.

“Everywhere is unique. What happens in Washington County is different from what happens in Cache County,” he said. “Across the state, we are experiencing these drought conditions and we are in this together. As a society and as a people, we all need to do our part.”

On his own farm Ferry told the committee he had installed more than 100,000 feet of irrigation pipe to save water and go deeper into the Bear River wetlands and the Great Salt Lake.

The Utah Democratic Party threatened to sue the state for Ferry to continue serving in the House of Representatives while simultaneously serving as acting director of the DNR. They claim this violates the state constitution. Lieutenant Governor Deidre Henderson declined party demands to kick him out of the November ballot.

With his confirmation vote, Ferry said he would resign from the legislature.

No one spoke against his confirmation at Friday’s hearing. Senate Democrats fully supported his confirmation and he was approved unanimously.

“He’s a listener, he’s a collaborative person,” said Sen. Jani Iwamoto, D-Holladay. “I really enjoyed working with him.”

Senate Republicans also offered praise.

“I think it will be important to think outside the box,” said committee chairman Sen. Scott Sandall, R-Tremonton. “I know you will especially in our water, our water resources and how we are going to overcome this problem that we have.”

The full Senate will vote on his confirmation next month.

This article is published through the Great Salt Lake Collaborative, a solutions journalism initiative that brings together news, education and media organizations to help inform people about the plight of the Great Salt Lake and what that can be done to make a difference before it’s too late. Read all of our stories at

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Utah economy

Federal Task Force Announces Rapid Response Team to Support Energy Communities in The Four Corners

WASHINGTON DC- The Interagency Working Group (IWG) on Coal and Power Communities and Economic Revitalization today announced the creation of a new Four Corners Rapid Response Team (RRT), bringing together 11 federal agencies and their staff regional to partner with local officials and community leaders in Arizona, Colorado, New Mexico and Utah as they navigate the region’s energy transitions and transformations.

“Energy workers and communities have powered communities for generations,” said US Undersecretary of Energy David Turk.” We are thrilled that the Biden-Harris administration has made available billions in investments to help these communities realize new economic activities that are equitable and accessible to all.

Today’s announcement follows a visit by federal leaders to the Farmington/San Juan County area, focused on prioritizing federal and private investments in Four Corners energy communities. Federal officials including National Economic Council Director Brian Deese, White House Deputy National Climate Adviser Ali Zaidi, U.S. Secretary of the Interior Deb Haaland, U.S. Department of Energy Deputy Secretary David Turk and Deputy Secretary Brad Crabtree, and IWG Executive Director Brian Anderson, along with leaders from the tribal sector, philanthropy, labor and the private sector were in attendance.

The day trip included visits to the Chuza Oil and Gas Wells and the San Juan Solar Project near the San Juan Generating Station. A private roundtable was also held at the San Juan College of Energy to address challenges facing energy communities and identify opportunities to support energy and economic transition in the Four Corners region and discuss opportunities for energy communities in the new law on the reduction of inflation.

The new RRT will align federal resources, including regional field staff in the Four Corners area, to key communities experiencing recent or imminent economic impacts as a result of coal mine and power plant closures. Federal agencies that are part of the RRT will partner with these workers, communities, and public servants to help them map their current assets and opportunities, navigate and access federal policies and programs, and take advantage of important new resources available through President Biden’s bipartisan Inflation Reduction and Infrastructure Act. Law.

“Today’s announcement of the Rapid Response Team is a big step in the right direction for revitalizing our nation’s energy communities. This team will help integrate the efforts of local leaders and federal agencies that will support these communities in their economic transitions. We heard loud and clear from the people of the Four Corners that what they need is opportunity – opportunities to work, learn new skills, succeed and thrive financially,” said IWG Executive Director Brian Anderson, Ph.D. “I am optimistic about what the future holds for the energy communities of the Four Corners and look forward to continuing to engage with the amazing people of this region.”

The Four Corners RRT will be led by Los Alamos National Laboratory, which played a key role in leading the regional I-West initiative focused on the region’s transition to a clean energy economy. In addition, the RRT will include support from the U.S. Departments of Agriculture, Energy, Interior, Labor, Transportation, Health, and Human Services, and the Treasury, as well as the Environmental Protection and Economic Development Administration. The Four Corners RRT will also work closely with the White House Council on Native American Affairs to ensure a strong focus on tribal self-determination in energy transition work in this region. The historic investments of the bipartisan Infrastructure Act, the CHIPS and Science Act and the Cut Inflation Act provide energy communities with a wealth of opportunities to revitalize communities, diversify the workforce and support energy workers.

The Four Corners RRT is modeled after a similar effort piloted in Wyoming. The IWG will announce additional regional RRTs in the coming months. The RRT is part of the IWG’s primary goal of creating a national community-driven energy community assistance network in partnership with federal, state, tribal, local, and non-governmental organizations and leaders.

The IWG also offers energy communities a centralized, easily searchable resource to access funding opportunities across the federal government at The site currently has nearly 170 open or planned opportunities, totaling nearly $240 billion in grants for projects related to workforce development, broadband, environmental cleanup and more.

Created by executive order during President Biden’s first week in office, the IWG pursues a whole-of-government approach to create well-paying union jobs, spur economic revitalization, address environmental degradation, and support workers in energy in coal, oil and gas. , and power plant communities across the country as the United States prepares to undergo a historic energy shift toward a zero-carbon electricity sector by 2035 and net-zero emissions nationwide. economy by 2050.

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Salt lake city government

Utah Urban Arts Festival plans big event at The Gateway, set to beatbox beats

Skateboards, music, lowriders and over 100 vendors scheduled for the event, September 2-4, at The Gateway.

(Rick Egan | The Salt Lake Tribune) The Urban Arts Festival will have a lowrider exhibit as part of this year’s festival, September 2-4, 2022, at The Gateway in downtown Salt Lake City. This car was on display at a press conference announcing the festival’s headliners on Thursday, August 25, 2022.

With the hydraulic noise of lowrider cars, the bouncing of basketballs on the sidewalk and the pulse of beatboxers, the urban arts festival is about to return to downtown Salt Lake City during the holiday weekend work.

The event – ​​calling itself Utah’s largest free community arts festival – will span three days from September 2-4, taking over Rio Grande Street at The Gateway, west of downtown -town of Salt Lake City.

The festival will feature over 100 vendors, music and entertainment on two stages, live murals, the Hard-N-Paint Street Basketball Tournament, a lowrider custom car culture exhibit and the 12th annual skate deck competition – the event that gave birth to the festival began a dozen years ago, said Derek Dyer, executive director of the Utah Arts Alliance, which organizes the event.

One of the themes of this year’s festival, Dyer said at a Thursday press conference at The Gateway, is the art of beatboxing. Furthering this theme, the festival’s national headliners will be Grammy-winning beatboxing legend Rahzel, formerly of The Roots.

Rahzel, Dyer said, “doesn’t play any instruments. He is the instrument.

(MCA Records) Rahzel, the Grammy-winning rapper and beatboxer, is set to headline the Urban Arts Festival on Sept. 3, 2022, at the Gateway in Salt Lake City.

Minneapolis hip-hop artist Carnage the Executioner is set to appear as the opening act.

Rahzel and Carnage will take over the main festival stage at the intersection of Rio Grande and 100 South on Saturday, September 3 starting at 8 p.m.

The lowrider exhibit, featuring rebuilt and modified custom cars within the Utah lowrider community, will take place Friday, September 2 beginning at 5 p.m., with a hop-off event at 7:30 p.m. and an awards ceremony – with honors in such categories as best of show, best engine and best display – to follow.

The street basketball competition is scheduled for Sunday, September 4, from 12 p.m. to 4 p.m.

Festival hours are Friday, 5-10 p.m.; Saturday from noon to 10 p.m.; and Sunday from 10 a.m. to 6 p.m. The Artists’ Market, live mural demonstrations and live music will take place during festival hours. Free entry.

(Rick Egan | The Salt Lake Tribune) Cleopatra Balfour, director of the Urban Arts Festival, talks about the event – ​​scheduled for September 2-4, 2022, at The Gateway – during a press conference, Thursday, September 25 August, 2022.

Cleopatra Balfour, the director of the festival, said she defines urban art as an expression, like any other art.

“Sometimes it’s not a widely accepted expression that’s considered art, and sometimes it’s something that has to fight and get its way before it’s recognized,” Balfour said. “Nevertheless, the art is still there when you see it, when it brings out those feelings, those emotions, those thoughts, those processes in the same way a Monet would.”

An example of the progressive acceptance of urban art by the public, cited by both Balfour and Dyer, is the proliferation of murals around Salt Lake County.

Once dismissed as graffiti, there are now more than 350 murals on walls across the county, most of them commissioned by businesses and government entities. (Some are overseen by the Utah Arts Alliance, which also sponsors the annual Mural Fest in South Salt Lake.)

For more information on the Urban Arts Festival, visit

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Salt lakes real estate

New Western increases its affordable housing inventory in the United States by 6,540 in 2022 without building a single house

Inventory growth fueled by 10 new market openings this year, including the latest in washington d.c.; Fixed and reverse properties bought on the New Western market are selling for up to 31% less than new construction

DALLAS, August 25, 2022 /PRNewswire/ — new westernthe nation’s largest private marketplace for fixed and reversible residential investment properties, today announced that the company has made homeownership accessible to more Americans by increasing U.S. housing inventory by 6,540 units to date in 2022. Without building a single home, New Western achieved this increase through its data, advanced knowledge of local markets and business model, which includes securing inventory among the 16 million vacant homes across United States as well as other off-market properties for less than $250,000 on average. As a result, homes purchased on the New Western market and subsequently renovated sell for up to 31% less than new construction.

New Western’s unprecedented growth in 2022 is driven by its rapid expansion into 10 new markets for a total of 50 locations nationwide. This includes his new office at washington d.c.where New Western set out to revitalize almost $1 billion in properties in this region over the next five years. New Western has identified the District of Colombia and its surrounding towns as a strong opportunity for investors due to the local need for a disruptive force in the residential real estate market: The median selling price of a single-family home in washington July was $1.153 millionand only 98 homes sold that month, down 19% from July 2021 by Redfin. With 81.8% of homes in the DC metro area alone built before 2002, New Western will help solve the DC area’s affordable housing crisis by putting older and struggling homes back on the market.

“Our rapid growth continues to allow us to improve the quality of opportunities New Western offers, especially as we enter one of the largest metropolitan markets in United States,” said kurt carlton, co-founder and president of New Western. “Home prices in the DC area have increased for 13 consecutive years. We are in a unique position to provide much-needed inventory to this market and look forward to creating more affordable housing. I would like to express my gratitude to all our employees for their hard work and commitment to delivering on this promise.”

New Western’s model increases residential housing inventory in United States at a time when home ownership is increasingly out of reach for many Americans – in part due to low inventory and low costs. Although housing stock rose 8% in May, it was the first monthly increase since June 2019. When compared to May 2020pending home listings fell 48.5%, driving prices up record highs in many cities from

“New Western offers substantial opportunities for sellers, buyers and investors, as well as a positive impact in many neighborhoods. Their unique market offers value-added homes that would otherwise not be attractive to most residential home buyers. – something that I really appreciate as Chicago native,” said Joan Kaufmann-Stubebroker manager of Circled Squared Real Estate in New Lenox, Illinois. “In addition to the great value that New Western brings to the real estate ecosystem, one of the main reasons I recommend New Western’s marketplace to my investing clients is that their inventory is available on a first come, first served, eliminating bidding wars and increasing investor profitability.”

Born out of the chaos of the 2008 foreclosure crisis, New Western remains strong as a pillar of economic promise, thriving in times of difficulty. On average, New Western buys a property every 13 minutes, has bought and sold approximately $12 billion in residential real estate. Fueled by more than 100,000 active investors and a belief in making real estate investing more accessible, New Western’s fierce momentum has positioned the company to acquire 10,000 properties and nearly $5 billion in transaction volume by the end of 2022. In addition to washington d.c.New western market openings this year include: Birmingham, Alabama.; Chicago; Fort Myers, Florida.; Greenville, South Carolina; Indianapolis; Jacksonville, Florida.; Orlando, Florida.; Pittsburgh; and Salt Lake City.

For more information about New Western, please visit

About the new western
New Western is making real estate investing more accessible to more people. Operating in most major cities, our marketplace connects over 100,000 local investors looking to rehab homes with sellers. As the nation’s largest private source of investment properties, we buy a home every 13 minutes. New Western offers new opportunities for everyone: a fresh start for sellers, exclusive inventory for investors, and affordable homes for buyers. For more information, visit

SOURCE New Western

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Salt lake city

Downtown Salt Lake restaurant decides to close and ‘reassess’ the future

A sign outside the Fenice Mediterranean Bistro in Salt Lake City on Wednesday. The owners announced this week that they are closed indefinitely due to “many challenges facing small businesses”. (Carter Williams,

Estimated reading time: 3-4 minutes

SALT LAKE CITY — A restaurant in downtown Salt Lake City has closed indefinitely due to “many factors,” including ongoing labor shortages, according to its owners.

The owners of the Fenice Mediterranean Bistro, located at 126 S. Regent Street, posted the message in a letter on the building’s front door on Sunday.

“Due to the many challenges facing small businesses in today’s economy, we have made the difficult decision to cease operations,” the letter reads in part. “Many factors are involved in our decision, and while our business levels have not been consistent, we have not sufficiently anticipated how difficult it is to staff the restaurant in the current economy. We just don’t have enough help to operate successfully.”

Jeff and Lisa Ward, who also own the popular Silver Star Cafe in Park City, opened the upscale downtown restaurant last year, according to Utah Food Magazine Gastronomic SLC, which first reported the closure. The outlet noted that the location behind the Eccles Theater replaced Fireside On Regent, a restaurant that closed in 2019.

The Wards described Fenice as the “sister property” of the Park City cafe on the restaurant’s website. It also seemed to be a hit with customers in its run, earning a 4.5 star rating on Yelp and 4.4 out of 5 stars on Google Reviews.

“Just an awesome experience,” wrote one customer. “The food itself was innovative without losing focus on great, balanced flavor.”

The note outside the building, however, raised hopes of a comeback.

“We will take some time to reassess the business to determine if it is possible to continue operations at a later date,” the note added. “We thank you for your support and wish you all the best. Please visit us at our Park City restaurant, the Silver Star Café.”

The closure of Fenice comes after Mazza, a Middle Eastern cuisine restaurant in Salt Lake City, recently reduced its opening hours and increased its prices due to inflation and the “rise in the cost of labour”.

Utah’s unemployment rate remains steady at 2%, compared to the national average of 3.5%. Mark Knold, chief economist at the Utah Department of Workforce Services, explained in a report published last week that the economy is currently experiencing workforce changes, which may impact some businesses.

“Nationally, baby boomers are leaving the labor force faster than new ones are entering it,” he wrote. “This produces unfilled jobs, reduces GDP, makes it difficult to find labor and contributes to higher inflation through increased wage bidding. This labor shortage is why a negative change in GDP does not turn into a recession in employment.”

Related stories

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Carter Williams is an award-winning journalist who covers general news, the outdoors, history and sports for He previously worked for the Deseret News. He is a transplant from Utah via Rochester, New York.

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Utah economy

Damage reports after weekend flooding in Moab

With preliminary estimates of damage from the weekend’s severe flooding, Moab city leaders said Monday it could be a few months before cleanup around the tourist town is complete.

Councilman Jason Taylor said those damage estimates could reach $10 million with debris, dirt and mud covering much of a 3-mile stretch of town and with some businesses hit hardest. affected who are still struggling to reopen.

“We hate to see a business go through this as a city and county, and especially as we approach the end of August, where September is one of our biggest tourist seasons,” Taylor said. “It’s quite devastating.”

Among the locations that have yet to reopen was Dewey’s Restaurant & Bar, which Taylor said was hit particularly hard by the floodwaters. There, crews worked hard to clean up late Monday night.

“(The water) got about 3 feet high and the wall just couldn’t take it anymore,” Taylor said of the property. “You can see here where the water blew – literally blew – the walls.”

Many other businesses also suffered flood damage as mud and dirt blanketed popular roads, parks and trails.

“It’s a century-old storm, or so they say,” Taylor said.

Taylor said that while some hotels suffered water damage on their lower levels, there still seemed to be plenty of hotel space in town.

Water was still off Monday evening for a section of the city in the area of ​​100 West and W. Center streets, with service expected to be restored Wednesday or Thursday. The city said a boil order would be in effect in that area for several days once service is restored.

Taylor pointed to several flood-ravaged areas around Mill Creek, including a mud-covered bike park filled with large chunks of debris.

“This place right here – it was probably 25, 30 feet down going down here,” Taylor said as he stood by the creek. “As you can see here, the creek normally flows at about 10 (cubic feet per second) and rough estimates say it was over 1,000 CFS and could have been as high as 3,000 CFS.”

Taylor said the city and county have asked local businesses and residents to submit photos and information about their damage so workers can continue to tally and assess it.

“I think the majority of businesses are open again and have reopened,” Taylor said. “It’s one thing about Moab is that yesterday (Sunday) there were community members helping businesses shovel sand and shovel dirt and clean up their stores so that we can reopen, as our economy relies heavily on people visiting and being able to shop in downtown Moab. .”

He said many people were still in disbelief at the damage caused by a powerful thunderstorm outside the city on Saturday evening.

“I’ve never seen anything like it before,” Taylor said. “It proves the fragility and yet the harshness of the desert environment we live in and how sensitive we are to Mother Nature.”

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Salt lakes real estate

Online installment loans are available immediately from PaydayNow and other direct lenders.

Online installment loans are available immediately from PaydayNow and other direct lenders.

A direct loan is one in which the borrower and lender deal with one another directly, without a middleman. Lenders in this category include the government as well as banks and non-bank financial organisations. Both PaydayNow and this author are familiar with the direct lending approach. Only direct installment loans are offered by us.

In other words, describe what a direct loan is.

A direct loan is one that does not include any third party between the lender and the borrower. Many other types of lenders, including the government and various banking and financial institutions, are actively involved in this deal.

Larger intermediate lenders are often relied on when direct lenders and smaller banks simply don’t have the resources to back a loan application. The interest rate on your loan and the overall cost of borrowing will increase if there are more parties engaged in the lending process.

Direct loans are the most popular kind of financial aid for students. This type of lending typically refers to any form of lending that does not include a bank or other traditional intermediary, but mortgages, direct payday loans, and installment loans are all good examples.

The rates of interest on direct loans are generally lower than those on other loan kinds. Since there are fewer parties involved and less paperwork to be completed with a direct loan, you will get your money much faster.

Additional benefits of a direct loan include interest rates that are fixed throughout the loan’s life and repayment plans that factor in the borrower’s income when determining monthly installments.

The federal government provides the most lenient terms for student loans in order to encourage students to complete their study.

Payday Loans: What Are They?

Payday loans from a direct lender are available for those who need them. Loans between $100 and $1000 can be obtained from direct lenders with no middlemen. Persons who play the role of an agent are tasked with facilitating transactions between buyers and sellers. A broker who acts as an intermediary brings together potential buyers and sellers. Brokers find out information about borrowers, negotiate favorable loan terms, and get a cut of the profits as their compensation.

People often turn to payday loans when they need cash immediately. If used properly, payday loans can swiftly offer much-needed funds. A consumer can get stuck in an endless cycle of debt if they aren’t vigilant. Find out as much as you can about the terms and interest rates of a payday loan before applying for one.

You should have a plan for repaying your loan to a lender and look into the interest rates of many different personal loan possibilities to minimize any complications that may emerge from late payments.

Simply put, what are Direct Installment Loans?

A direct lender like Sacramento direct lender, may be able to provide you with an installment loan. What sets this form of loan apart is that it involves taking out a loan for a set amount of money and paying it back with interest over a set period of time.

Monthly payments are spread out over a longer period of time with an installment loan. It’s possible that borrowers can get a better rate and more favorable terms if they go directly to the lender instead of going through a broker.

To answer the question “What Are Direct Mortgage Loans? ” Most frequently, individuals refer to “direct house loans.”

You can either approach a lender directly if you need a mortgage to finance a house purchase, or employ the help of a mortgage broker. The latter facilitates your search for a suitable lender and equips you with all the information you need.

A broker may do the legwork for you in finding the best loan terms and rates, so you can make an educated selection even if you’re short on time. In exchange for their services, mortgage brokers usually request a percentage of the loan amount.

Direct lenders, such as banks or financial organizations, evaluate your application, and if you meet their criteria, they issue you a loan. You can shop around for a suitable direct lender by comparing their rates and terms. Working with a direct lender eliminates the need for a go-between, which can save time and money.

Why does the government grant loans for higher education?

Loans from the federal government can alleviate some of the financial burden of paying for university. Personal loans like these offer lower interest rates and are available to both students and their parents.

The United States Department of Education’s William D. Ford Federal Direct Program is the only government-funded initiative left in the country. Direct private lenders also provide student loans; these loans typically have lower interest rates but no additional features like consolidation or deferment.

The terms and conditions of the loan are established by the educational institution. These are some direct student loan examples:

Subsidized direct loans

Students with significant financial need may apply for and receive direct subsidized loans. Interest costs incurred both throughout your program and for six months after completion will be covered by the U.S. Department of Education (ED).

They won’t have to worry about taking on any debt during their time in school, and they can get right to work paying it off after they graduate and get a job.

Unsubsidized Direct Loans

The Direct Unsubsidized Loan program is for students who have a low to moderate likelihood of needing government assistance. This sort of loan is not backed by the federal government, so interest is always the responsibility of the student.

Unsubsidized loans have lower interest rates and are one of the most cost-effective solutions, but they can have poorer terms than subsidized loans.

Loan Consolidation Direct Loans

In order to simplify your financial situation, you can combine various student loans into one manageable direct consolidation loan. This way, you won’t have to worry about remembering to send in many payments on a monthly basis.

The monthly payment may be reduced by extending the loan’s term, but the total interest paid will be higher.

There are Parent Plus Loans.

Direct PLUS loans from the Federal Government are available to graduate and professional students, as well as the parents of undergraduate dependent students, to aid with the financial burden of higher education.

Unsecured loans do not exempt you from a credit check. Those who have less-than-perfect credit histories have a more difficult time getting loans. You will need a credit history in order to qualify.

To what end can I seek information on a Direct Loan?

If you need money in between paychecks, you can turn to PaydayNow, a direct lender. Get started right away on your online loan application to see if you qualify and get the money as soon as the following business day if approved. You can now get a high-quality loan over the internet.

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Salt lakes real estate

Citigroup Raises Additional Space Storage Price Target (NYSE:EXR) to $229.00

Extra Space Storage (NYSE:EXR – Get Note) had its price target raised by Citigroup research analysts to $229.00 in a research report released Monday to clients and investors, Stock Target Advisor reports. Citigroup’s price target would suggest a potential upside of 9.56% from the company’s current price.

Several other research analysts have also recently commented on EXR. JPMorgan Chase & Co. upgraded Extra Space Storage from a “neutral” rating to an “overweight” rating and lowered its price target for the stock from $224.00 to $193.00 in a report from the Wednesday, June 22. Morgan Stanley cut its price target on Extra Space Storage from $172.00 to $156.00 and set an “underweight” rating on the stock in a Wednesday, May 25 report. UBS Group lowered its price target on Extra Space Storage from $234.00 to $197.00 and placed a “buy” rating on the stock in a Monday July 25 research note. KeyCorp raised its price target on Extra Space Storage from $200.00 to $220.00 and gave the stock an “overweight” rating in a Wednesday, August 17 research note. Finally, Jefferies Financial Group lowered its price target on Extra Space Storage from $228.00 to $184.00 and placed a “hold” rating on the stock in a Thursday, June 30 research note. One analyst rated the stock with a sell rating, three assigned a hold rating and seven assigned the company a buy rating. According to data from MarketBeat, the stock currently has an average rating of “moderate buy” and a consensus target price of $206.09.

Additional storage space down 1.2%


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Shares of EXR were down $2.63 on Monday, hitting $209.02. 572,860 shares of the company were traded, against an average volume of 695,566. Extra Space Storage has a 52-week low of $156.70 and a 52-week high of $228.84. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt ratio of 1.64. The stock has a market capitalization of $27.99 billion, a PE ratio of 31.48, a P/E/G ratio of 2.88 and a beta of 0.50. The company’s fifty-day simple moving average is $180.72 and its 200-day simple moving average is $188.60.

Institutional investors weigh in on additional storage space

A number of large investors have recently changed their positions in EXR. Menard Financial Group LLC increased its stake in Extra Space Storage by 2.2% in the first quarter. Menard Financial Group LLC now owns 2,282 shares of the real estate investment trust worth $469,000 after acquiring 50 additional shares in the last quarter. Coldstream Capital Management Inc. increased its holdings in Extra Space Storage by 6.1% in the first quarter. Coldstream Capital Management Inc. now owns 1,009 shares of the real estate investment trust worth $207,000 after acquiring 58 additional shares in the last quarter. FirstPurpose Wealth LLC increased its holdings in Extra Space Storage by 0.4% in the first quarter. FirstPurpose Wealth LLC now owns 13,746 shares of the real estate investment trust worth $2,826,000 after acquiring 61 additional shares in the last quarter. Redpoint Investment Management Pty Ltd increased its stake in Extra Space Storage by 0.5% in the second quarter. Redpoint Investment Management Pty Ltd now owns 13,967 shares of the real estate investment trust worth $2,376,000 after acquiring 65 additional shares in the last quarter. Finally, First Affirmative Financial Network increased its holdings in Extra Space Storage by 4.5% in the fourth quarter. First Affirmative Financial Network now owns 1,545 shares of the real estate investment trust worth $350,000 after acquiring 66 additional shares in the last quarter. 95.44% of the shares are currently held by hedge funds and other institutional investors.

Extra Space Storage Company Profile

(Get an assessment)

Extra Space Storage Inc, headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and member of the S&P 500. As of September 30, 2020, the Company owned and/or operated 1,906 storage stores self service. in 40 states, Washington, DC and Puerto Rico. The Company’s stores comprise approximately 1.4 million units and approximately 147.5 million square feet of leasable space.

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Analyst recommendations for additional space storage (NYSE: EXR)

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

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Salt lake city

Jury finds southern Jordan man guilty of murder in 2021 Salt Lake shooting

A jury determined Friday after approximately seven hours of deliberation that Alex Christopher Mendoza Jr., known as Baby Alex, is guilty of murder for shooting and killing Emilio Salazar, 28, in 2021. (Kristin Murphy, Deseret News)

Estimated reading time: 4-5 minutes

SALT LAKE CITY — After six hours of deliberation Friday, a jury found a member of the Salt Lake gang known as Baby Alex guilty of murder for shooting and killing 28-year-old Emilio Salazar in 2021.

Alex Christopher Mendoza Jr., 21, was convicted of shooting Salazar at 1172 W. California Ave. in Salt Lake City shortly after midnight on January 9, 2021. Police found Salazar face down in the driveway of a home he had visited. He was transported to a local hospital where he died from his injuries.

The jury found him guilty of murder and discharging a firearm causing grievous bodily harm, first-degree felonies, as well as discharging a firearm causing bodily harm and possession of a weapon by a restricted person, of crimes in the second degree.

Mendoza’s trial began on Tuesday, and on Friday in closing arguments, attorneys saw completely different stories in the evidence presented over the week – drawing from different aspects of the testimony of several people who were at the home when Salazar was shot. Not only did the witnesses share different stories from each other, but some witnesses shared stories that differed from what they originally told the police. There were several small details that differed, as if Mendoza had been invited home that night.

The jury trial regularly brought together more than 200 people virtually, in addition to 10 people from the victim’s family and 10 people supporting Mendoza who were allowed into the courtroom at a time.

At the start of the trial, 3rd District Judge Elizabeth Hruby-Mills warned that there should be no blue or green clothing in the courtroom, or any other flags or support displayed for a gang. Mendoza is a known gang member with numerous interactions with police prior to his arrest in the case.

Nick and Rhondi Valdez, who live in the house where Salazar was killed, initially told police it was a drive-by shooting but testified during the trial that it was not the case. Rhondi Valdez said their story changed once they were no longer afraid of Mendoza getting revenge, and telling the truth, she lost friends and family. She said she was taught not to talk to the police because talking to the police could get her killed.

The couple both testified that Mendoza argued with Salazar at their home and that Mendoza claimed that Salazar “kissed his dad’s hand and he didn’t like it.” Rhondi Valdez said she didn’t understand what the fight was about or what it meant.

Nick Valdez testified that he was scared and in shock and did not immediately tell the police what had happened because he had just seen Mendoza murder his friend and did not want to be murdered.

There were several adults at the home before the shooting who said they saw what happened or were there but claimed they were facing the other way when the three shots were fired.

Defense attorney Brad Anderson argued that Nick Valdez was the person who actually shot Salazar. He cited a video showing flashes that he said were likely gunshots pointing to a white car that he said was passing Mendoza. He said it appeared the body had moved after the shots were fired and that Valdez was the only person who could have moved it because he claimed Mendoza was not there.

Anderson cited other instances of Valdez shooting or threatening to shoot people and he said multiple people testified that Valdez was drunk at the time and acted crazy when drunk.

“I gave you proof that Alex didn’t do this, and that’s proof that doesn’t depend on testimony,” Anderson said. “Nick did this to his best friend.”

Salt Lake County Assistant District Attorney Adam Blanch noted that Valdez said Salazar was his best friend and was like a brother to him. He said in interviews with police at the house that night that Valdez had not acted like someone who had just killed his best friend.

Blanch told the jury that reviewing all the evidence would show Mendoza shot Salazar, and he encouraged the jurors to find where there were conflicts and then decide what the most likely scenario was. He said the marks on the driveway that Anderson was talking about couldn’t have come from moving Salazar’s body and that there was no evidence to show that the car in the video was Mendoza’s.

Blanch also said no witnesses spoke of other people fighting and no one else would have had a motive.

Anderson said Mendoza had only been home less than half an hour and didn’t know Sanchez before that. He argued that Mendoza also had no motive.

Before concluding the closing arguments, Anderson asked Hruby-Mills for a directed verdict on numerous charges and said he did not believe there was enough reliable evidence to support the charges or a conviction. Blanche disagreed, saying Nick and Rhondi Valdez were the only witnesses who gave inconsistent statements and that they admitted to lying before and had credible reasons. Hruby-Mills refused the request for a directed verdict and said there was enough evidence for the jury to decide the case.

Mendoza is expected to be sentenced on October 20.

Contributor: Pat Reavy


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Salt lake city government

The Church in Europe has both an ‘unprecedented future’ and a ‘new purpose’

More than six months after President Russell M. Nelson proclaimed that Europe has “an unprecedented future,” Massimo De Feo, a General Authority Seventy with a half-decade leading an area in Western Europe and central, sees opportunity and growth.

“From my perspective, President Nelson’s devotion has given new energy to all the members in Europe,” said Elder De Feo, the 61-year-old Italian who served in the Europe Area Presidency as as a counselor beginning in 2017, then Area President. Last year.

Visit by President Russell M. Nelson, Sister Wendy Nelson, David A. Bednar, and Sister Susan Bednar before the recording of a religious prayer for Church members from 48 countries in Europe. The broadcast originated from Church headquarters and aired on January 23, 2022.

The Church of Jesus Christ of Latter-day Saints

President Nelson addressed Latter-day Saints in 48 European countries during a devotional broadcast Jan. 23 from Salt Lake City. “You have access to power – the power of God – that will literally change the future of Europe,” he said. “As you keep your covenants with increasing precision, you are the hope of Europe and you are the hope of Israel.”

Elder De Feo said local Church leaders throughout Europe frequently remind Latter-day Saints of devotion. “Many refer to this as a framework for what needs to happen and how we should see things in the Church and the future,” he said, adding, “It gave us a new purpose. … It was very, very specific, even in some of the promises and blessings.

And the devotion was also timely, just four weeks before the start of the ongoing conflict between Russia and Ukraine. “We went back to [the] devotional, and we immediately recognized the hand of the Lord,” said Elder De Feo.

Members of The Church of Jesus Christ of Latter-day Saints in Moldova provide blankets to refugees at the Ukrainian border in this March 2022 photo.

Members of The Church of Jesus Christ of Latter-day Saints in Moldova provide blankets to refugees at the Ukrainian border in March 2022.

Credit: The Church of Jesus Christ of Latter-day Saints

Elder De Feo said he tries to see beyond the tragedies of conflict and the challenges of refugees.

“I think we need to look at the opportunities…so many members are helping each other in a united effort, at every level, in every country,” he said in a recent Church News podcast. “I saw the solidarity. I saw the sincere love for others, the desire to help in any way possible. I’ve seen it all—really, the gospel in action and in practice.

The conflict created an unprecedented unity among members across Europe, with many standing up to help the arriving refugees. During this time, Latter-day Saint refugees from Ukraine have integrated and helped strengthen local neighborhoods through their testimonies, dedication and resilience, he said.

So, although the temporal impacts of the conflict have been tragic, Elder De Feo said, “certainly the spiritual effects are very positive at all levels – in every place, country and unit of the Church in Europe.”

Since the January devotional and the start of the conflict in late February, there have been several notable announcements for the Church in Europe.

During the April 2022 general conference, new temples were announced for Barcelona, ​​Spain, and Birmingham, England, UK, joining previously announced temples for Vienna, Austria; Brussels, Belgium; Oslo, Norway, Budapest, Hungary; and a site yet to be determined in Russia. The continent is already home to 14 dedicated temples.

Massimo De Feo, General Authority Seventy, and his wife, Sister Loredana Galeandro De Feo, speak with the media at the Rome Temple Visitor Center of The Church of Jesus Christ of Latter-day Saints in Rome, in Italy, Friday, March 8, 2019. Elder De Feo was born in Italy.

Elder Massimo De Feo, General Authority Seventy, and his wife, Sister Loredana Galeandro De Feo, speak with the media at the visitors center of the temple in Rome, Italy, Friday, March 8, 2019. Elder De Feo was born in Italy .

Credit: Jeffrey D. Allred, Deseret News

And later in April, the Church announced a realignment of the Europe and Eastern Europe zones, resulting in the Central Europe, Eastern Europe, and Northern Europe zones, headquartered in Frankfurt, Germany, respectively; Moscow, Russia; and London, England. Brother De Feo now chairs the Europe Central Area.

For decades, waves of immigrants have crossed Europe, from neighboring countries within the continent as well as elsewhere. “It’s not new; it’s our story. … Europe has a long history of immigration and how to help immigrants,” said Elder De Feo.

The Church is on the front line, eager to help and work with local government and charities.

“We are truly all brothers and sisters, children of God, and because of this, we must do everything we can to help anyone in need, regardless of their personal circumstances, citizenship, language or culture. “, did he declare. “The gospel is always inclusive and never exclusive.”

Elder De Feo noted that a prophet’s invitations and promises of January 2022 lead European Latter-day Saints to look to a new day with a vision of faith. “If we believe in this, if we change our mindset and increase our faith…we can do it, and the Lord will move the work forward,” he said.

The main challenge for members in Europe, he added, is “how to survive spiritually in a changing world that is trying to diminish faith and the role of Jesus Christ in our lives.”

The gospel of Jesus Christ provides answers to all of the world’s problems – from conflict to pandemics and the challenges faced in individual life, Elder De Feo said. He pointed to Luke 15 and the famine in the land that caused the prodigal son to return to his father.

“It was an opportunity for the Lord to transform a tragic circumstance, a tragic event into an opportunity to return to the Father,” he said, adding that in times of war, pandemic or personal challenges, “we must act quickly and help and then look at the opportunity to turn this into a spiritual advantage, a spiritual opportunity to return to the Father.

Elder De Feo sees a spiritual future in Europe that can rival the region’s past – from the mass conversions and emigration of pioneers in the early days of the Church to the strength of the last days to survive political upheavals and two world wars.

“There is a spiritual legacy which, if understood from a spiritual perspective, can truly make a difference to the Church again, as it did in the early stages of the growth of the Church. Church restored.”

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Utah economy

Why SLC Downtown Surpassed The Pandemic And Is Ahead Of The Competition

Downtown Salt Lake City isn’t just recovering from the pandemic. He flies beyond.

New geolocation analysis of mobile phone data shows that regular visits to a wide range of points of interest in the urban core – from businesses, shops and offices to monuments, parks and community centers – have jumped 155% from their levels a year before the pandemic.

That’s more than any of the 62 US and Canadian cities surveyed — by far.

Only three other medium or large cities in North America – Columbus, Ohio (112%) and Fresno and Bakersfield in California (108% and 117%, respectively) – have seen anything come close to this type of recovery. downtown visits this past spring, compared to March to May 2019.

The findings, drawn from research conducted by the Institute for Government Studies at the University of California, Berkeley, clearly show that Utah’s capital is marching at a different pace right now.

Other downtowns surveyed ranged from 92% of pre-pandemic visitation in Omaha, Neb., to 31% in San Francisco from March to May this year, according to the study titled “The Death of Downtown? ” which was based on a computer analysis of GPS data from 18 million smartphones in North America.

Continued caution over COVID-19 infection has been accompanied by business closures, the persistence of working from home and a shift to online shopping to reduce downtown activity and prevent other metropolitan areas from bouncing back. Dwindling office occupancy and slowing retail sales have even sparked questions about whether a nationwide revival of downtown living that emerged before the pandemic might have been derailed.

In the case of Salt Lake City, however, these slowing factors appear to have been overwhelmed by the city’s increasing population and continued economic growth and by the leaps in new investment and residential construction in the downtown area. city, where the number of full-time residents is now on track to double in just a few years.

Many of these new residents are not originally from Utah, and anecdotal data and evidence suggests they are embracing downtown life, bringing renewed interest in its sights and experiences as well as its restaurants, bars , theatres, cultural venues and a growing urban vibe. .

The city, ironically, also seems to have benefited from less use of public transport compared to automobile travel compared to other mid-sized cities, one of the study’s co-authors, Karen Chapple, professor emeritus in urban and regional planning at UC Berkeley. , said in an interview.

This made returning to the city center easier for some, Chapple said, compared to areas more reliant on public transit.

Utah’s urban center also has more enclaves of single-family homes located closer to downtown than other cities, said Chapple, who is also director of the School of Cities at the University of Toronto.

(Trent Nelson | The Salt Lake Tribune) The new TRAX station near the intersection of 600 South and Main Street in Salt Lake City on Tuesday, July 26, 2022. Public transit usually helps revive downtowns, but a new study shows a relative lack of public transit has contributed to the recovery of Utah’s capital.

“It’s kind of funny because city planners always want to see more density and more transit use,” Chapple said. “But in reality, lower density and a relative lack of public transportation use are factors that help Salt Lake City.”

The city’s downtown has a more diverse employment base than metropolitan areas such as New York and San Francisco, which are more dominated by professional services such as law firms, accountants, architects, consulting and technology companies.

These sectors have tended to retain work-from-home models even as the pandemic subsides, leaving many other city centers quieter during the week. In contrast, Salt Lake City’s strong presence of manufacturing, construction and hospitality jobs has brought more employees back to the workplace, which has spurred regular visits to downtown. town.

“What really helps Salt Lake,” Chapple said, “is its economy.”

What does rebound look like

(Rick Egan | The Salt Lake Tribune) Diners enjoy the weather on Main Street in Salt Lake City on Saturday, August 13, 2022.

The UC Berkeley analysis leveraged smartphone geolocation trajectory data, aggregated by a San Francisco company called SafeGraph, which tracks physical visits to points of interest based on proximity, length of stay and location characteristics, such as location type. Business hours.

“We track pings,” Chapple said. “And you actually have to go in and spend some time there to get tracked.”

The study comes against a backdrop of dramatic population growth over a decade in Utah, with the state growing by 18.4% between 2010 and 2020, due to its high birth rate and the arrival of people abroad.

In 2021, according to demographers from the Kem C. Gardner Policy Institute at the University of Utah, immigration soared to account for 59% of the state’s population jump last year, the largest annual share of its overall growth in recent history, as people fled more populated areas for Beehive State.

(Francisco Kjolseth | The Salt Lake Tribune) Construction in downtown Salt Lake City of housing and office towers, slated for May 2021, continues to soar.

Downtown Salt Lake City currently has 3,846 existing apartments, with 3,974 under construction and another 4,405 apartments on offer, according to a recent count. The number of downtown units is projected to be 103% higher by 2024, compared to 2021.

In terms of returning visitors, the real turning point for the city center appears to have occurred between late summer and early fall 2021, according to the study. After dropping below 50% of spring 2019 attendance levels with the onset of the pandemic, it steadily gained visitors until the end of 2020, but then hovered between 75% and 90% until August 2021.

Visits then exceeded 100% of pre-pandemic levels in September 2021, exceeded 120% in November, reached 140% in April and reached 155% at the end of May.

Some credit the state’s response to the pandemic as well as a growing economy, including an industry-tailored guide for employers on how to balance health precautions with returning workers.

“Utah has really walked that fine line of aggressive and public health feedback,” said Dee Brewer, executive director of the Downtown Alliance, representing downtown merchants at the Salt Lake Chamber. “Opinions differ on this, but we’ve looked at getting back to work and done it faster than in other areas.”

With its outdoor attractions and five national parks, Utah also continues to attract a large share of the national recreation tourism resurgence, according to Brewer. “They felt safe traveling in Utah, with its wide open spaces and reputation for cleanliness and safety,” he said. “It generated a lot of visits here.”

(Rick Egan | The Salt Lake Tribune) Utah Jazz fans fill Vivint Arena during the 2021 playoffs. Sporting events like this help downtown Salt Lake City rebound.

Entertainment venues such as Vivint Arena, the George S. and Dolores Doré Eccles Theater, Abravanel Hall and a host of others also reacted relatively quickly to resume in-person events, Brewer noted, and that boosted visits to the downtown and shifted activity in the urban core more towards nighttime hours than daytime.

Significantly, downtown’s revival came even though one of the state’s biggest tourist draws, Temple Square and its iconic Latter-day Saint temple, was largely closed during a renovation. of five years.

Night-time visits to downtown were about 85% of pre-pandemic volumes in June, according to the alliance’s own research, while visits by office workers are at 63% from pre-COVID. And while business travel and conventions still lag behind, sporting events such as Utah Jazz matches, volleyball, fencing, jujitsu and weightlifting attract thousands of people from all over the country.

The majority of the highest 25 days for downtown visitors over the past two years, Brewer said, have focused on multiple large in-person events or business gatherings.

“The social economy,” he said, “bounced back much faster than office people.”

‘A long way to go’ to full recovery

(Rick Egan | The Salt Lake Tribune) A couple enjoy drinks at a sidewalk cafe on the open streets portion of Main Street in Salt Lake City on Saturday, August 13, 2022. Restaurants have rebounded from the dark days of the pandemic but still struggling with staffing and supply issues.

UC Berkeley’s findings are being borne out by many downtown retailers and hospitality establishments, where fortunes looked bleak just 18 months ago for foot-traffic-dependent businesses.

“I was really surprised,” said Adam Tye, co-owner of Diabolical Records at 238 S. Edison St. with his wife, Alana. “We’ve had a hell of a rebound,” said Tye, who reported plenty of new faces among those sorting through his stock of vintage music on vinyl.

“I have regulars who now come from Lehi, Draper, a couple of [South Jordan’s] Daybreak,” Tye said, adding that many are recent transplants in Utah. “And there is a different mindset. These are people who are more used to traveling long distances because they are not from here.

City Creek Center, the downtown core mall, has seen a “significant post-pandemic recovery,” according to Linda Wardell, its chief executive. Foot traffic, Wardell said, was bolstered by events, the resumption of office work and the return of conventions and tourism.

“We are extremely encouraged,” she said, adding that the mall is experiencing continued consumer demand, especially for mall tenants whose brands are unique to the city.

Even downtown restaurants – among the sectors hardest hit by the pandemic in terms of job losses – have started to see significant gains in their retail customers after nearly two years of struggling with distancing rules. 6ft social, moving to curbside delivery and limiting the number of people they can serve.

“Things are looking up in downtown Salt Lake,” said Melva Sine, head of the Utah Restaurant Association, “but there’s still a lot of work to do to reach pre-pandemic numbers.”

Restaurants have reduced their hours and gotten creative with their menus, Sine said, but they still face major challenges with hiring workers, supply chain issues and inflation.

“A long way to go,” she said, “still.”

(Francisco Kjolseth | The Salt Lake Tribune) Attendance at the Eccles Theater, which premiered in March 2021, has helped revive downtown Salt Lake City.

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Salt lakes real estate

Talk about climate change must turn into action and justice

Over the summer, a lot of people talked to me about climate change instead of the other way around. They talked about the drying up of the Great Salt Lake, Supreme Court justices deflating the EPA’s regulatory powers, whether climate migration will ruin their real estate investments, their 70-year-old friend who “believes” now and Senator Joe Manchin as climate policy enemy number 1 has become the climate saviour.

All of this means one thing to me: the climate crisis is now public sentiment. Finally, more Americans who were immune to early and worst climate impacts formed what Lauren Berlant calls an “intimate audience” around the climate crisis. People feel something, they are curious, they “feel that issues of survival are at stake” and that listening and telling are ways “to get out of the impasse and the struggle of the present”. They speak.

I have been writing and teaching environmental issues for over 10 years. My grumpy tendency has been to roll my eyes on the phone with these friends and family. “Where have you been?! So many people have been talking about this for so long,” I say to myself. But this exasperated response misses the point: it’s time to listen, to fuel the conversation, to galvanize this intimate audience that feels the stakes of the climate crisis and wants to break the deadlock.

Voting definitely matters. As Manchin and Senator Kyrsten Sinema, his fellow Democratic filibuster, have taught us, party affiliation does not dictate a politician’s votes. When we choose party candidates at the time of the vote, we need to know the priorities of our public servants and whether they will stick to them. With inflation and recession rightly looming in the polls as the top concerns of Americans, the climate crisis is likely to fade from minds in November when 100-degree temperatures, hurricanes and possibly wildfires, will subside.

Many Republicans and some Democrats will sideline climate action in favor of economic stabilization and development. It is a false choice. As economists and entrepreneurs have explained, “decarbonizing” the economy – that is, transitioning to renewable energy and reducing greenhouse gas emissions in other ways – generates jobs and drives innovation while reducing long-term disaster damage to the economy. We need to elect those who see the synergies. For example, the Cut Inflation Act of 2022, signed by President Joe Biden, creates jobs and reduces pollution that harms health and therefore the economy. He has real issues such as the opening of oil and gas leases in the Gulf and the Arctic where the climate impacts are already devastating, but it shows that we and our representatives can vote with our money and our lives in mind. climate action.

All of the climate talk this summer should also translate into action beyond voting. No action is a silver bullet and no action is right for all lives, but there is a menu to choose from. Some will start community conversations that identify local impacts and design community-led adaptation and mitigation measures that benefit everyone. Some will march past state capitals as lawmakers debate bills that promote the fossil fuel industry and punish those that don’t. Some will turn to nonviolent civil disobedience, inspired by the recent pipeline blockages of indigenous land and water protectors and the history of black activists forcing change through sit-ins. Some will take advice from climate writer and podcaster Mary Annaïse Heglar to “do what you’re good at and do your best” for the planet.

All of this rhetoric needs to be turned into action, whether at the ballot box or in the pipeline. But, anyway, he must lean towards justice. It must undo the economic, political and social forces that put frontline populations, primarily the elderly, people with disabilities and black and brown residents, at greatest risk of climate impacts and create alternatives that regenerate communities and ecosystems.

As the shock of the climate crisis hits more people, more of us should come together with neighbors and other affinity groups to learn more and imagine better. Let’s stand up to NIMBYism and advocate for local and global climate justice.

Houser is a professor of English at the University of Texas and writes on environment and culture.

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Salt lake city

Marcin Tybura defeats. Alexandr Romanov at UFC 278: Best Photos

Check out the best photos from Marcin Tybura’s majority decision victory over Alexandr Romanov at UFC 278 at Vivint Arena in Salt Lake City. (Photos by Jeffrey Swinger, USA TODAY Sports)

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Utah economy

Heatwaves Kill – The Daily Utah Chronicle

Amen Koutowogbe

Deseret Industries Thrift Store & Donation Center in Murray, Salt Lake City, Utah on Monday, August 5, 2022. (Photo by Amen Koutowogbe | The Daily Utah Chronicle)

People started dying in the United States. due to the current heat wave sweeping through the Pacific Northwest. The heat would be the deadliest extreme weather event, and large parts of the country will remain at high temperatures throughout the hottest months.

As the climate warms, the likelihood of heat waves increases. And an abundance of heat influences water consumption, finances, gas and electricity consumption. This heat wave negatively affects individuals as well as the economy.

Although Utah is a desert state, we weren’t prepared for the crazy temperatures we experienced last month and won’t be going any further.

Human impact

Low-income areas are hardest hit by heat waves, due to the inaccessibility of air conditioning – in the United States, Native American and black communities have the highest rates of heat-related deaths.

Heat waves can lead to more hospital visits, loss of efficiency in construction and agriculture, lower agricultural yield and damage to infrastructure. People lose their ability to work and productivity slows as temperatures rise.

Last year, about 800 people died in a heat wave in Oregon and Washington. This trend is also appearing in Europe and Asia, with more than 2,000 people dying from heat-related causes in Spain and Portugal.

Heat-related illnesses also hurt people in the long term. If a person does not die initially, it will affect him for years. Heatstroke causes memory loss, damage to vital organs such as the brain, heart, liver and kidneys, and negatively affects cognitive function.

Economic impact

Economies have been found to grow at slower rates during hot summers. The combined power of heat waves and constant droughts is a major threat to agriculture, which plays a large role in Utah’s economy. Heat has been found to cause 10 times more crop damage than currently expected. The damage will only increase over time.

Small businesses like the relatively young restaurant Ramen Haus are keenly feeling this change. “It’s pretty typical in the summer for us to slow down a bit, just because it’s ramen and ramen is tough in the summer,” said Chloe Young, an employee at Ramen Haus. “But I noticed [this] with… the highest heats for sure. We have $700 days and as a business… what if we don’t make $2,000 a day? We could run out of rent.

With the heat slowing customer attendance, Young said they had to cut staff. “So we have to go into … rudimentary mode where there’s only one cook, maybe a dishwasher, and then just the two servers every night,” she said. This type of operation is not viable for those who have bills to pay.

Energy grids are struggling to keep up with demand for air conditioning, and many expect power outages throughout the summer months. Business results will be affected as they lose revenue to cool offices and protect workplaces from heat-related illnesses. On average, stock prices also fall about 22 basis points during a hot spell.

Besides lowering business revenues, the heatwave is also hurting vital services that we need as a community. Utah firefighters are coping with the heavy lifting, smothering heat-ignited wildfires. While performing their duties, firefighters are also at risk of developing heat-related illnesses due to extreme weather conditions and the effort required to wear the necessary protective equipment.

I’m tired of beating the dead horse that is climate change. The effects are tangible and fatal yet utterly despicable by those privileged enough to ignore it. Average people themselves are forced to assess their carbon footprint, while the wealthy and celebrities get away with it. People like Kylie Jenner are pumping carbon into the atmosphere while we’re still paying extra for sustainability. I’m lucky to have the ability to cringe at my air conditioning bill – others die in their overheated homes.

The heat is killing people and businesses at the same time. We need to get climate change under control because human lives are paying the price for inaction. At some point, the loss of money will cause those in power to take notice. For now, we’ll mourn the dead and turn on our fans.

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Salt lake city government

Transgender kids can play women’s sports in Utah after ruling

SALT LAKE CITY, AP — Transgender girls in Utah will have the opportunity to participate in women’s sports at the start of the school year, after a judge overturned a ban on Friday pending legal challenges from parents.

Instead of an outright ban, transgender girls will now be referred to a commission that will determine on a case-by-case basis whether their participation compromises fairness. Republican lawmakers in Utah created the commission in legislation passed earlier this year as a fallback plan to be implemented in the event of an injunction against the law.

Under the law, the panel will be allowed to ask for and assess the child’s height and weight to decide whether a transgender girl would be given an unfair advantage.

The commission, which is expected to be convened in the coming weeks, will include politically appointed experts from athletics and medicine.

When it was proposed, the commission was criticized by advocates for transgender student-athletes – who feared they would feel targeted by having their bodies measured – and supporters of an outright ban, who argued that she didn’t go far enough.

The commission is expected to go into effect while the court assesses the legal challenge to the outright ban. The members have not yet been named but will be in the coming weeks, the legislative leaders said.

The state association that oversees more than 80,000 students playing high school sports said only one transgender girl competed in their leagues last year and, with school sports already underway, it’s unclear. how many will go before the commission and when its decisions will take effect.

The Utah ruling marked the court’s latest development in a national debate over how to navigate the flashpoint problem.

At least 12 Republican-run states — including Utah — have passed laws banning transgender women or girls in sports on the assumption that it gives them an unfair competitive advantage.

Transgender rights advocates who contradict the rules are not just about sports, but about another way to belittle and attack transgender youth. Similar cases are ongoing in states such as Idaho, West Virginia and Indiana.

Utah’s ban went into effect in July after its Republican-dominated legislature overruled a veto by Governor Spencer CoxAlso a Republican.

Utah State Judge Keith Kelly said in the ruling suspending the ban that attorneys representing the families of three transgender student-athletes had shown they had suffered significant distress by “singling them out for unfavorable treatment as transgender girls”.

The transgender girls and parents filed a lawsuit last May, claiming the ban violates the equal rights and due process guarantees of the Utah Constitution.

The ruling was exciting news for the girls and their families, said Shannon Minter, legal director of the National Center for Lesbian Rights, who also represented same-sex couples in a landmark court case against Utah last decade. .

“The pressure, the pressure it put on them was so huge,” Minter said. “It’s just a huge relief to have that weight lifted.”

Sen. Stuart Adams, a Republican from the state of Utah, said in a statement Friday that the commission that would now make decisions in a way that “protects fair and safe competition while preserving the integrity of women’s sport” .

The commission will include a medical data statistician, a physician with experience in “gender identity health”, a sports physiologist, a mental health professional, a college athletic trainer, a representative of a sports association and a rotating member who is a coach or official in the sport. relevant for each case.

Minter said he hopes the commission will simply act as a safety net, with the presumption being that transgender girls can play unless there is a clear competitive fairness issue.

“How it’s done is very important,” Minter said.

The decision follows a revelation this week from the Utah High School Activities Association that it had secretly investigated a female athlete – without telling her or her parents – after receiving complaints from the parents of two girls she had beaten in competition wondering if the girl was transgender.

The inquest – which was roundly criticized by Cox – determined she was indeed female after going through her school records dating back to kindergarten, association spokesman David Spatafore told lawmakers this week.

Critics of the ban were upset but said they were not surprised by the investigation. They said it underscored how the impact of the politicization of women’s sport affects more than just transgender student-athletes and subjects all girls to scrutiny in ways they anticipate.

“It creates such a negative atmosphere based on stereotypes about girls and how they look,” Minter said. “It’s really harmful to all the children in the state.”

The sequence of events also explained how officials can press charges now that youth sports and the associations that govern them are subject to national laws. Spatafore said the complaint was among several the association has reviewed in its efforts to comply with Utah’s law, which went into effect in July.

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Salt lakes real estate

Arctos Takes Stake in Jazz, Real Salt Lake

Tonight in Unpacking: Arctos Sports Partners makes its latest team investment, securing a deal with Ryan Smith for a piece of Jazz and Real Salt Lake. SBJ’s Eric Prisbell reviews the partnership, which could include bringing another pro team to Utah.

Other titles:

  • NHL sponsors score points with fans in latest Sponsor Breakthrough study
  • New Big Ten media deals far outperform other Power Five conferences
  • What’s next for ESPN under the Disney umbrella?
  • SBJ Spotlight: USL’s Papadakis Talks Site Development and Media Rights
  • Chargers QB Justin Herbert Becomes AboutGOLF Brand Ambassador
  • Braves-Mets series boost Bally Sports South RSN ratings
  • US Open demand continues to climb on StubHub’s secondary market
  • 49ers and Grupo Formula sign radio agreement in 22 Mexican markets
  • FanDuel Sportsbook rolls out the first of seven spots
  • ‘Monday Night Raw’ viewership up since Paul Levesque promotion

On today’s Morning Buzzcast, SBJ’s Abe Madkour watches: The Big Ten’s big day; the victory of Kevin Warren; surprising streaming numbers in July; the Haslams seeking to move forward; and MLB hitting Williamsport.

Smith Entertainment Group (SEG) announced a partnership with a private investment platform Arctos Sports Partners which includes Arctos’ minority investment in multiple SEG properties, reports SBJ Eric Prisbell.

They include the Jazzwaiting NBA Board of Governors approval; Real salt lake; and vivid arena. The scale of the investment was not disclosed.

The partnership between Arctos and the owner company Jazz Ryan Smith helms aims to bring a third professional franchise to the state. Sources declined to speculate on the potential sport. But the NWSL is recruiting two new groups of owners, and the demand from potential bidders will far exceed the supply of teams.

Almost all officials NHL sponsor followed during the 16th edition of the league Sponsor Breakthrough study, commissioning for the 2021-22 season for SBJ by MarketCastsaw a year-over-year improvement in the percentage of fans who were aware of this formal relationship, notes SBJ David Broughton.

The biggest beneficiaries of increased fan awareness have been Verizon and Geicowhich each saw those levels jump 10 percentage points from the comparable survey conducted over the same period in 2021. For its part, Verizon tripled its advertising spend on NHL TV broadcasts last season ( to $4.5 million), compared to the 2020-21 season, and aired about 500 ads (a fivefold increase), according to SBJ’s analysis of The data.

Geico became the league’s top TV announcer last season ($6.3 million), leapfrogging former spenders Honda and Lexus.

Discover, a league sponsor since 2010, saw an improvement of nine percentage points en route to its highest level of recognition ever (28%). The payments company launched three of the season’s seven most viewed TV commercials, each with a song from at least a generation ago: a spot about fraud protection featured background music by Shaggy (“It was not me”); refund offers with Mister Mix-a-Lot (“baby came back”); and use-the-card-anywhere with Hootie and the puffer fish (“just wanna be with you”). The spots recorded a total of 346 million impressions.

bud lightthe league’s official beer since 1994, experienced its fourth consecutive year of improved awareness, reaching a record level of brand recognition at 31%.

Even without ESPNthe Big TenThe new set of partners will provide powerful college football programming on Saturdays this fall. The FoxSCSNBC triumvirate will provide the Big Ten with a NFL-like a range of games on live TV.

“The goal was to own every one of those windows,” Commissioner Big Ten said. Kevin Warren, which used the NFL as a template for its conference’s own rights negotiations. “To capture the hearts and minds and the greed of the fans, I think you have to make it really simple for your fans. So I always had this visual, especially coming out of the NFL, that we would have partners in each of those windows. And then we would have special events, like two games on Black Friday.

Each of the three networks will have a Big Ten football championship game – Fox will have four, CBS two and NBC one. FS1 and Big Ten Network will also broadcast a heavy dose of college football on its airwaves.

NBC’s longstanding relationship with our Lady could also create more confrontations between the Fighting Irish and Big Ten schools, such as Michiganwhich has disappeared from Notre Dame’s schedule in recent years.

Check Michael Smiththe full story which will be in the monday SBJ magazine, as well as a breakdown of new media rights deals.

Activist Investor Dan Loebthe suggestion that disney spin off ESPN has been met with a lot of skepticism because ESPN’s linear broadcast business is a major cash flow driver that supports other parts of Disney’s operations, writes SBJ. Chris Smith.

Disney pushed back in a letter of its own, defending its ‘strong financial results’ and CEO leadership Bob Chapeck. And in fact, Chapek had already reiterated to investors the previous week that sports betting remains a top and urgent priority for ESPN, regardless of a potential association with family-friendly Disney.

Check out Smith’s upcoming column in Monday’s SBJ, which also examines a slowing rate of subscriber growth for ESPN+ and what does the future look like for NBA on ESPN airwaves.

The united football league created its own spin on stadium development, doing much of the groundwork, often before identifying a potential ownership group. COO and Head of Real Estate justin Papadakis said stadium projects require so much consensus and building from local stakeholders that USL decided to take a different approach.

“We go to the markets…and really find the right stadium site, work with the stakeholders, put together the pitch and all the rights, and a whole bunch of professional services that come with creating a stadium,” Papadakis said. .

He described the entire process in an SBJ Spotlight interview with a football writer Alex Silverman.

Papadakis also spoke of local successes, including teams of New Mexico and Detroit, and the possibility of a larger media rights deal for the league. Regarding media rights, Papadakis said: “On the digital side and on the OTT side, we have this tonnage, with over a thousand matches, but more importantly, what we bring is 35 ongoing markets. over 80.”

For the video interview, go to SBJ – or check out the podcast version here.

Papadakis talked about local successes, including teams in New Mexico and Detroit

In this week SBJ Esports newsletter, the team discusses:

  • honor of kings, Valorant are bright spots for Tencent as Chinathe economy is cooling
  • 3v3 trophy, hawks Talon Gaming Craft NBA 2K League playoff debut
  • Esports teams worried about financial climate

In this week SBJ Soccer newsletter, Ben Fischer looks at:

  • Jay Marine lists Amazon Prime Video user experience, awareness among the keys’TNF‘ Goals
  • Marine: Success will be in the long term, not on the first hearings
  • ‘TNF’ will live on demand until next summer
  • Amazon promises seamless flow change
  • International NFL the team’s media rights sales are off to a slow start
  • NFL+the league’s new mobile streaming service, could be a hit with young superfans

  • Chargers QC Justin Herbertafter trying a about GOLF simulator at home, has become a brand ambassador for the company, notes SportTechie’s tom friend. Specializing in virtual competitions, aboutGOLF simulators recreate up to 50 golf venues, including the Old course at St. andrew and pebble beach.
  • Bally Sports South is up 11% in local audiences Atlanta market after a strong braveDishes series this week, note SBJ Austin Karpe. RSN averaged a 4.2 rating for the entire four games, which is their best Braves streak this season so far. The highest number in the Mets-Braves series was a 4.9 mark on Tuesday.
  • U.S. Open demand continues to rise StubHubsecondary market, SBJ rating Bret McCormick. Average daily sales have more than doubled and the number of tickets sold per day has more than tripled since August 9, when Serena Williams announced that this Open would probably be his last, with a jump of nearly 40% in overall sales.
  • The 49ers secured Group formula as a radio partner in 22 cities in Mexico under their new international marketing rights, promising full radio coverage of every 49ers game and exclusive original content, reports SBJ’s Ben Fischer.
  • Primordial renewed his WE media rights on UEFA Champions League matches a “deal valued at more than $1.5 billion over six years, more than double the size of his previous deal,” reports Bloomberg.
  • FanDuel sport bets is rolling out the first of seven spots in a new advertising campaign that will run throughout the football season, playfully comparing everyday life choices to those sports fans make when placing bets, reports SBJ’s Bill King. The campaign was created in collaboration with the agency Wieden + Kennedy.
  • Monday night raw“gathers an average of 2.02 million viewers across the four shows since Paul Levesque took the creative reins at WWEa figure up 11% from the same four-show period last summer on UNITED STATES NetworkSBJ rating Karp.

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Salt lake city

Here’s what a new military communications manufacturing plant will bring to Utah

An L3Harris employee works in the new factory in Salt Lake City. L3Harris’ facility in Salt Lake will serve as the company’s hub for the development of communications technologies designed to protect the safety of citizens and those who strive for that safety. (L3Harris)

Estimated reading time: 3-4 minutes

SALT LAKE CITY — L3Harris has been nestled in the Salt Lake Valley for more than 65 years, working hard to develop advanced communications technologies critical to the nation’s security.

On Thursday, those years of work culminated with the opening of a new 380,000 square foot manufacturing and operations facility that “adds a whole dimension to our business that we didn’t really have before,” Brendan said. O’Connell, president of L3Harris.

The facility located at 540 N. 2200 West in Salt Lake City will serve as the company’s hub for the development of cutting-edge communications technologies designed to protect the safety of citizens as well as those who strive for that safety by providing their technology to the US military. and international defense customers.

L3Harris is the industry leader in the development of advanced communications systems used for intelligence, surveillance and reconnaissance, airborne, satellite and ground tactical networks, and command and control, including for the U.S. Secretary at Defense and the President of the United States.

The opening of this facility, O’Connell said, allows L3Harris “not only to design and manufacture core products and integrated systems and networks, but it allows us to further expand our capabilities to support the warfighter.” .

The 380,000 square foot building will allow L3Harris to consolidate business operations that were previously spread across a large campus and multiple facilities into a single building.

L3Harris' manufacturing and operating facility is represented in Salt Lake City.
L3Harris’ manufacturing and operating facility is represented in Salt Lake City. (Photo: L3Harris)

It will also allow them to meet the fluid needs of defense communications faster than before.

“We designed it with a very modular construction, which makes us more agile (and) more competitive over a period of time,” O’Connell said.

The building is also a reminder of Utah’s growing population and economy. “We have over 1,000 employees here today, but it’s really designed to grow to 3,000 (employees),” O’Connell said.

Additionally, the building has room to expand to over 400,000 square feet to meet the demand of changing needs and new technologies.

Rep. John Curtis, Sen. Mitt Romney, L3Harris Chairman Brendan O'Connell and Rep. Chris Stewart cut the ribbon on L3Harris' new manufacturing and operating facility in Salt <a class=Lake City on Thursday.”/>
Rep. John Curtis, Sen. Mitt Romney, L3Harris Chairman Brendan O’Connell and Rep. Chris Stewart cut the ribbon on L3Harris’ new manufacturing and operating facility in Salt Lake City on Thursday. (Photo: Logan Stefanich,

“People hear a military plane and say, ‘That’s the sound of freedom,'” Sen. Mitt Romney said, speaking about technologies developed at L3Harris at the inaugural event Thursday.

“Well, that’s part of the spirit of freedom. It’s what keeps our fighters, airmen, and others around the world safe and able to carry out their assigned missions. by the commander in chief,” said Romney, R-Utah.

In addition to serving as a national hub for defense communications, the facility also has a significant economic impact for the Salt Lake Valley and Utah as a whole.

Utah Republican Representative John Curtis said the ripple effects of an organization like L3Harris moving into the community would be “dramatic”.

“The property tax on this building will educate our children, pave our roads and do so much in this community,” Curtis said.

We have reason to have a solid defense. Not because we want to go to war, but because we want to defend ourselves from having to go to war.

–Utah Senator Mitt Romney

Rep. Chris Stewart echoed Curtis’s sentiments and added that L3Harris positions Utah as a national player in defense communications.

“It all builds on this idea that in terms of national defense and the infrastructure to support that, Utah plays a huge role in that,” said Stewart, R-Utah, adding that it will give more opportunities for recent Utah college graduates who want to pursue careers in the Beehive State.

“It gives young people an opportunity to say, ‘I don’t need to go to California, I don’t need to go to Houston. I can have a good job here in Utah,” he said.

Currently, L3Harris employs nearly 3,500 people in the Salt Lake area, with room to add more.

“There are reasons we have a solid defense,” Romney said. “Not because we want to go to war, but because we want to defend ourselves from having to go to war.”

Latest Military Histories in Utah

Logan Stefanich is a reporter for, covering Southern Utah communities, education, business, and military news.

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Utah economy

Arkansas Income Tax Cuts: Accelerating Rate Reduction

With the passage of SB1 at the third special session of the General Assembly, Arkansas last week became the 13th state to allow a reduction in the personal income tax rate this year. This round of income tax cuts in Arkansas effectively accelerated reforms that policymakers passed eight months ago.

The December 2021 changes put the state on track to lower its top personal and corporate income tax rates from 5.9% and 6.2%, respectively, to 4.9% and 5.3% as early as 2025. However, the state’s $1.6 billion surplus in fiscal year 2022 enabled the three-year deadline for personal income tax to be advanced and two years for corporation tax.

The passing of SB1 marks the fifth round of reforms led by Governor Asa Hutchinson (R) since 2015 that have focused primarily on rate cuts. Tucked away in the last two reform bills, however, have been seemingly minor policy changes that, while making less headlines, actually make Arkansas’ tax structure much more neutral and competitive. It is these somewhat less intuitive reforms that Arkansas policymakers should prioritize going forward. Rates are important, but even more so how those rates interact with the rest of the code.

During the December 2021 Special Session, the Legislature designed tax reforms to include immediate personal income tax reductions supported by well-designed corporate income tax reform, tax triggers revenue and indexation to inflation. The state was in the enviable position of having a fiscal 2021 surplus of $946 million, a projected budget surplus of $263 million for fiscal 2022, a reserve of $1.2 billion and full funding of essential obligations under the State Revenue Stabilization Act.

The incremental revenue-based approach has allowed Arkansas to chart a responsible path to regional competitiveness while protecting against unforeseen economic downturns or inflation-related costs. In line with the 2021 reform package, provided the state did not dip into its disaster reserve fund between July 1, 2022 and January 1, 2025, the highest individual rate would have decreased to 4.9 % at the beginning of 2025.

The Department of Finance and Administration (DFA) projected that if fully implemented by fiscal year 2026, the 2021 rate cuts would cost the state about $1.9 billion in revenue lost during the period, which would cost $523 million per year by FY2026. The state had projected a surplus of $263 million in FY2022, but the DFA noted that the income tax reforms would likely reduce general revenue by $135.2 million in the same fiscal year, halving the projected surplus.

Contrary to projections, Arkansas ended fiscal 2022 with a surplus of $1.6 billion, about six times more than expected. Along the same lines, the revenue costs noted for 2023 have been virtually imperceptible in revenue reports released since the cuts were enacted. After accounting for surpluses from fiscal years 2021 and 2022, the full amount of estimated lost revenue can be paid immediately, with $300 million remaining. Surpluses alone should go a long way to easing concerns about the long-term stability of rate cuts. But equally important is the fact that the Ministry of Revenue’s estimates were not dynamic and therefore did not take into account the effects that the tax savings would have on the economy.

It is well established that cuts in marginal rates lower economic barriers to productivity. When workers and business owners consider the impact of taxation on their next dollar of income, they consider the extensive and intensive effects of taxation (i.e. whether to work/invest and how much work/invest). Thus, lowering the personal income tax rate from 5.9% to 4.9% should encourage marginal in-migration and increase employment.

Accelerated rate cuts are also likely to influence the amount of work people choose to do. When workers can take more of their next dollar home, it will incentivize, at the margin, those who are already employed to work an extra term (hour, week, full-time or part-time).

All this does not mean that the tax cuts alone would have been amortized. They wouldn’t. But it would be incomplete to suggest that lower rates, inflation-adjusted brackets, and $1.9 billion in additional discretionary spending among individuals, small businesses, and corporations won’t flow back into the general fund. significantly in the form of new revenue. additional purchases, higher wages and salaries, and higher levels of employment on the extensive and intensive margins.

Since tax reforms in Arkansas began in earnest in 2015, most of the attention and energy has focused on increasing the competitiveness of personal and corporate income tax rates in the state, and with good reason. As previously written, Arkansas rates were quickly becoming regionally uncompetitive. In 2021, even after three previous rounds of rate cuts, each of the states bordering Arkansas except Louisiana had a personal income tax rate at least 0.5 percentage points higher. percentage lower and at most 5.9 percentage points lower than the Natural State.

With the state’s best individual and corporate rates now pegged at 4.9% and 5.3%, respectively, Arkansas’ rates are the regional median. And while a state’s rates are important, equally important is how those rates interact with the lesser elements of a state’s tax code. A significant tax pyramid may occur in the sales tax base, or businesses may not be able to deduct operating losses and capital investments due to lack of losses net operating expenses and well-designed expense allowances, for example. A state may have very low or no personal income taxes, but may not be able to generate sufficient economic activity due to other tax policies that are inconsistent with a healthy business climate.

Recently, Arkansas policymakers have taken significant steps toward a more neutral and stable tax code that doesn’t rely solely on rate cuts. The state had previously indexed its individual tax brackets to inflation, and in the December 2021 special session it indexed the standard deduction and consolidated its two lower tax tables into one. Although the title of the most recent special session was the acceleration of the rate cut, an equally important but less publicized element will conform the state’s treatment of capital investments to the provisions of the tax code which allow the immediate expenditure of capital investments in the year the investments were made. made.

Consider how our State enterprise fiscal climate index noted the impact of SB1 on the state’s fiscal competitiveness. Prior to the last special session, Arkansas’ tax structure ranked 43rd out of 50 in overall structural competitiveness. Its corporate income tax (CIT) and personal income tax (PIT) ranked 30th and 37th respectively. If the acceleration in rates were taken into account alone, the State would move up one place, to 42nd place, its CIT would improve slightly to 29th place, and its PIT would remain unchanged.

When Arkansas’ compliance of capital investment treatment with IRC Sections 168 and 179 is included, the state’s ranking increases significantly. This less dramatic, below-the-fold structural change, combined with the rate cuts, propels the state to 38th overall, 22nd for CIT and 34th for PIT, reflecting that businesses can immediately spend capital investments during this year. it was made has an outsized impact on economic growth.

As Little Rock policymakers discuss how to leverage future tax reforms to facilitate greater economic activity, they should look beyond rates and focus on a broader range of policy changes – on elements which can be hidden in the inner folds of the code. These policies may be less known to the public, but companies are intimately aware of them. They are an integral part of any competitive tax system and are often much cheaper to implement than large-scale base rate reductions.

At the top of the list of reforms to be discussed in the future could be overhauling the state’s treatment of net operating losses – a change that would remove barriers to entrepreneurship, reduce income volatility and remove conditions that disadvantage low-margin industries. A second reform could include eliminating the state back rule, a policy that risks double taxation and encourages out-of-state relocation. Third, policymakers could repeal the franchise tax (also known as the capital stock tax), which acts as a tax on corporate wealth and discourages investment. Many of these reform options and other ways to stabilize income can be found in the Tax Foundation’s guide to Arkansas tax reform.

In the meantime, Arkansans have reason to be encouraged by the recent accelerated tax reforms coming out of Little Rock. Annual incremental tax changes have played a significant role in the economic and demographic gains many states have made over the past decade, including Arizona, Indiana, North Carolina and Utah, to name a few. to name a few. There are many reasons for residency and relocation, but of the variables that state governments can affect, tax policies are among the most influential.

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Salt lake city government

Utah’s LGBTQ conversion therapy ban could be revisited

SALT LAKE CITY — Utah’s ban on LGBTQ conversion therapy could be reconsidered.

Rep. Brady Brammer, R-Highland, on Thursday requested a hearing before the Utah State Interim Administrative Rules and Government Oversight Committee. He told FOX 13 News he is investigating whether the state’s Occupational and Professional Licensing Division has the authority to implement an administrative rule prohibiting the practice.

“We’ll see,” he said when asked if lawmakers might eventually revise the rule.

A presentation prepared for the committee said the legislature could open a new conversion therapy bill, address it when reauthorizing the existing rules, recommend the DOPL review the rule, or take no action.

In 2019, a bill was introduced in the Utah State Legislature with strong support from LGBTQ rights groups to ban the practice of trying to change sexual orientation and sex. a person’s gender identity. But the bill fell apart after social conservatives rejected it on Capitol Hill.

Governor at the time, Gary Herbert apologized to LGBTQ youth who protested outside his office over how it was handled in the legislature. He then pushed an administrative rule – which has the force of law – through the DOPLthat licenses and regulates therapists.

Gayle Ruzicka, head of the Utah Eagle Forum, said she hopes the legislature will reconsider it.

“They definitely need to see it again and hopefully that fixes a problem,” she told FOX 13 News on Wednesday. “It’s been a rule. It’s been law. It’s been a disaster for the kids in Utah.”

Ruzicka said the rule prohibits therapists from properly treating children and some have refused to do so. LGBTQ rights groups have said conversion therapy is not only widely discredited, but harmful and abusive in its efforts to change a person’s sexual orientation or gender identity.

Marina Lowe, policy director for Equality Utah, said her group believes the rule is good as it stands.

“I understand Rep. Brammer also intends to explore some questions regarding the legality of the rule itself and we’re fully prepared to address those,” she told FOX 13 News. “We believe that the conversion therapy bans are absolutely constitutional and that our rule is fully defensible.”

No bill would emerge before the 2023 legislative session which begins in January. Governor Spencer Cox, who has backed a ban on conversion therapy in the past, was monitoring the legislation, his office said.

“As always, the well-being of parents and children is our priority and we continue to follow the debate closely,” the governor said in a statement to FOX 13 News.

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Salt lakes real estate

Buying a home in the United States as a non-resident

You do not need to be a US citizen to buy a home in the United States. You don’t even have to be a US resident. Anyone who wishes can buy a property here.

Between April 2021 and March 2022, the value of residential properties in the United States that were sold to foreign buyers totaled $59 billion, according to the International Transactions in US Residential Real Estate report by the National Association of Realtors (NAR). . The vast majority of non-resident buyers come from Canada and Mexico, followed by China. They largely buy detached single-family homes in Florida and California.

While almost half (44%) of foreign buyers rely entirely on cash to make these purchases, it is also possible for non-residents to obtain a mortgage in the United States to help finance new homes. . It’s not all smooth sailing, however. Non-citizen homebuyers will face slightly more complicated mortgage application requirements establishing their financial qualifications. They will also have to comply with more complex tax laws as owners.

What type of property can a non-resident buy?

Any non-U.S. citizen, including permanent residents, temporary residents, nonresidents, refugees, asylum seekers, and Deferred Childhood Arrivals (DACA) recipients, can purchase property in this country. There are no legal restrictions prohibiting the purchase of real estate by persons belonging to any of these categories.

“Buying residential property in the United States is open to anyone, regardless of nationality,” says Jen Horner, realtor at RE/MAX Masters in Salt Lake City, Utah.

There are also no limits on the type of property that can be purchased. A non-US citizen can buy a single family home, condo, townhouse, duplex or apartment building – or even land without any structure.

“There are no restrictions in the United States on purchasing property as a foreign national. This applies to resident foreign nationals who may wish to purchase property for primary residence depending on where they reside. current situation in the United States, or to non-resident foreign investors who are looking to purchase property for other reasons, such as investment use or a vacation home,” says Chase Michels, of the Michels Group at Compass at Hinddale, Illinois.

According to the NAR, between spring 2021 and spring 2022, 74% of foreign buyers purchased a single-family home or townhouse. Additionally, 44% of overseas buyers purchased a property to use as a vacation home, rental, or both.

What documents does a non-resident need to buy a house?

Although they can buy freely, non-US citizen buyers are generally required to provide additional documentation to complete the purchase of a home in the United States, compared to US citizens.

The exact requirements vary, however, depending on whether the home is purchased with cash or a mortgage, and depending on the buyer’s specific residency status. Some of the basic requirements for non-US citizen buyers, Michels says, often include:

  • A foreign passport, U.S. visa, or driver’s license
  • Social security number or individual tax identification number (ITIN)
  • Financial statements of applicant’s foreign bank, if applicable
  • Proof of financial assets/income (bank statements, etc.)
  • Tax returns (preferably US, if applicable)

“Cash purchases will require proof of identity and reporting of the purchase to the federal government,” says Horner. “If a mortgage lender is used, they have the option of requesting as many documents as they deem necessary to move forward [the] mortgage loan application.

Which begs the question: Can non-US citizens get mortgages to finance the purchase of a home in the United States? The short answer is yes. But it’s complicated.

How can a non-resident finance housing?

In general, mortgage lenders prefer to work with applicants currently living in the United States and classified as permanent or non-permanent residents. (People who have a green card and social security number are permanent residents, while those who have a social security number but no green card are non-permanent residents.) Their rationale is simple. : Applicants residing in this country are considered less risky, especially in case of default on the loan.

Their residency status impacts the specific type of mortgage loan that can be used. There are two main categories of loans for non-citizen purchases, says Michael Cantwell, loan officer for Guild Mortgage. “One major classification is that of a foreign national and the other would be people currently living in the United States who have not yet received US citizenship,” Cantwell explains.

Applicants who fall into either of these categories are generally eligible for a conventional mortgage backed by Fannie Mae and Freddie Mac, as well as government-backed loans from the Federal Housing Administration (FHA). However, non-permanent residents will need to use the home as their primary residence in order to get mortgage approval.

“Many banks and building societies offer conventional and FHA home loans to non-US citizens on the condition that they can verify their residency status, employment history, and financial history,” says Michels.

And for non-residents? Applicants living abroad can buy properties in that country using what’s called a foreign national loan or a foreign national mortgage, Cantwell explains. These loans are typically offered by US-based banks and lenders and are designed for borrowers living outside the country who are looking to purchase or refinance. Foreign national mortgages are not guaranteed by Fannie Mae or Freddie Mac.

Additional rules and restrictions for non-residents

The tax rules also apply to properties owned by non-US citizens. For example, if a non-US citizen is renting the purchased property to generate income, then that income must be declared and taxes must be paid both in the United States and in the owner’s home country, explains Bruce Ailion, a real estate lawyer. and realtor with Re/Max Town & Country in Atlanta. Additionally, non-US citizens are required to pay local property taxes.

And when selling property in the United States as a non-US citizen, capital gains tax will generally also apply.

“When selling property in the United States, there are special withholding provisions that must be observed,” says Ailion. “A tax advisor with specific knowledge of international taxation should be consulted.”

On the positive side, all of the protections of the Fair Housing Act, Title VII, and other anti-discrimination protections apply to real estate transactions involving non-US citizens. These laws are in effect regardless of who the buyer is, Michels says.

Final word on home purchases by non-residents

It is entirely possible to buy a home as a non-US citizen, whether you are a foreign national, permanent or temporary resident. There are no limitations on the type of property that can be purchased or how the property is used. Additionally, US laws that protect the rights of all homebuyers also cover non-US citizens and non-residents.

What is really more important, in terms of complications, is not a person’s citizenship, but where they live. If you don’t live in the United States, buying a home becomes more difficult, especially if financing is required for the purchase.

Non-residents should be prepared to deal with additional complexities, including more extensive documentation requirements establishing their identity, income and assets. They are limited to certain types of loans or mortgages, those that are not guaranteed by major mortgage market makers. But the path to homeownership in the United States is certainly not blocked – there may just be a few speed bumps.

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Salt lake city

Here’s your sign for finding intergenerational friendship in Salt Lake City

A conversation with my neighbor about bugs (more on that later) got me thinking about intergenerational friendships.

Driving the news: For a long time I was without many friends outside of my own age group.

  • With no religious or family ties to Utah, my social vectors mostly pointed to other Xennials.
  • Then COVID cut me off from my older and younger work friends.

Why is this important: Many of us yearn for more intergenerational bonds, according to a report this year by the non-profit organization Encore.

  • Psychologists say these friendships are important for both young and old.
  • In 2019, an AARP investigation found that cross-generational friendships were particularly likely to be long-lasting and to involve frequent face-to-face contact.

By the numbers: According to the Encore study, Gen Z and Gen X were the most eager to bond with other generations.

  • Nearly 90% of Hispanic and Black respondents hoped to work for social progress with people at least 25 years their senior.

The good news (for me): COVID actually strengthened friendships within my neighborhood because it was easy to visit outdoors.

So about these bugs: Yesterday I, 43, was walking with my 74-year-old neighbor Gwynne when we started listing the bugs we’ve seen this week.

  • Gwynne is a backyard naturalist, and I’m a gardener, so it’s really not weird.
  • But as he described a wasp attacking a katydid, and I shared details of my last encounter with a grasshopper, I realized we probably looked like a couple of 8-year-olds.

The bottom line: You’re never too old or too young to have a bug best friend.

  • And insect friends are never too old or too young either.

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Utah economy

Utah’s direct selling industry anchored over 38,000 jobs, accounting for over 70% of non-gold exports in 2020

Newswise — August 16, 2022 (Salt Lake City) — Utah’s established direct selling industry has anchored more than 38,000 well-paying jobs and significantly increased state and local tax revenue as part of its statewide economic impacts in 2020, according to a first-of-its-kind report from the Kem C. Gardner Policy Institute.

“Utah is a global hub for the direct selling business model,” said Levi Pace, senior research economist at the Gardner Institute and lead author of the study. “The industry includes 91 direct selling companies and 66 key suppliers. Ten of these Utah-based direct selling companies provided more than $10.3 billion in goods and services to their customers worldwide, with 6.1% of industry sales coming from everything States and countries.

The main conclusions of the report are as follows:

  • Economical consequences—The direct selling industry employed 17,487 Utah residents, and industry activity indirectly supported another 20,751 jobs.
  • High salaries—At $63,652 per employee, direct selling companies paid their Utah employees an average of 18.4% more than companies in other industries in 2020.
  • Exports—International sales of $6.3 billion from select Utah direct selling companies accounted for 71.7% of the state’s non-gold commodity exports in 2020.
  • Entrepreneurship—In 2020, Utah’s top 10 direct selling companies had 21,457 independent sales reps, mostly women. Their median self-employment earnings (before expenses) ranged from $70 to $3,000 per year.
  • business travelers—Visitors from out of state who attended direct selling conventions in Utah spent an estimated $41.6 million annually from 2015 to 2019.

“The Institute’s report reveals that Utah’s direct selling companies represent over 70% of our state’s non-mineral international exports,” said Miles Hansen, president and CEO of the World Trade Center Utah. “These Utah brands are not only known around the world, with millions of representatives outside the United States, they provide a significant boost to the Utah economy, as many of their products are made in the state, creating more stable jobs for Utah families and individuals. »

The full report and industry overview are now available online.



The Kem C. Gardner Policy Institute serves Utah by preparing research on the economic, population, and public policies that help the state prosper. We are experts in Utah demographics, leaders in the Utah economy, and experts in public policy and survey research. We are an honest broker of INFORMED RESEARCH, which guides INFORMED DISCUSSIONS and leads to INFORMED DECISIONS™. For more information, please visit or call 801-587-3717.


The Eccles school is synonymous with “doing”. The Eccles Experience provides world-class business education with a unique entrepreneurial focus on real-world scenarios where students practice what they learn long before graduation. Founded in 1917 and educating more than 6,000 students annually, the David Eccles School of Business at the University of Utah offers nine undergraduate majors, four MBAs, eight other graduate programs, one Ph.D. in seven management training areas and programs. The school is also home to 12 institutes, centers and initiatives, which conduct academic research and support an ecosystem of entrepreneurship and innovation. For more information, visit or call 801-581-767

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Salt lakes real estate

Colorado River cuts expected for Arizona, Nevada and Mexico

SALT LAKE CITY (AP) — The federal government is expected to announce water cuts in states that rely on the Colorado River on Tuesday as drought and climate change let less water flow into the river and deplete the reservoirs that store it. .

The Colorado River provides water to 40 million people in seven western US states as well as Mexico and helps fuel an agricultural industry valued at $15 billion a year. Towns and farms across the region are eagerly awaiting official hydrological projections — estimates of future water levels in the river — that will determine the extent and scope of cuts to their water supply.

Water officials in Arizona, California, Colorado, Nevada, New Mexico, Utah and Wyoming expect federal authorities to project Lake Mead – located at the Nevada-Arizona border and the largest man-made reservoir in the United States – reaching dangerously low levels that could disrupt water supplies and hydroelectric generation and reduce the amount of water allocated to Arizona and in Nevada, as well as in Mexico.

And that’s not all: State officials are also working to meet a deadline imposed by the United States Bureau of Reclamation to reduce their water consumption by at least 15% in order to prevent levels of water in the river’s storage tanks to drop even further.

Together, the cuts projections and deadline present western states with unprecedented challenges and confront them with tough decisions about how to plan for a drier future.

While the Bureau of Reclamation is “very focused on getting through this until next year,” any reductions will likely have to be in place for much longer, said Kevin Wheeler, a hydrologist at the University of Reclamation. Oxford.

“What the science is providing is that it’s pretty clear that these reductions just have to stay in place until the drought is over or we realize they actually have to get worse and the reductions have to continue. ‘deepen,’ he said.

The reductions expected to be announced on Tuesday are based on a plan that the seven states plus Mexico signed in 2019 to help maintain reservoir levels. Under this plan, the amount of water allocated to the states depends on the water levels at Lake Mead. Last year, the lake sank low enough for the federal government to declare a first-ever water shortage in the region, triggering mandatory cuts for Arizona and Nevada as well as Mexico in 2022.

Officials expect hydrologists to project the lake to collapse further, triggering additional cuts in Nevada, Arizona and Mexico next year. States with higher priority water rights should not suffer reductions.

Reservoir levels have been falling for years – and faster than experts had predicted – due to 22 years of drought exacerbated by climate change and overuse of the river. Scorching temperatures and less melting snow in the spring have reduced the amount of water flowing from the Rocky Mountains, where the river rises before meandering 1,450 miles (2,334 kilometers) southwest and into the Gulf of California.

Already, extraordinary steps have been taken this year to keep water in Lake Powell, the Colorado River’s other major reservoir, which sits upstream from Lake Mead and straddles the Arizona-Utah border. Water from the lake passes through the Glen Canyon Dam, which generates enough electricity to power between 1 million and 1.5 million homes each year.

After Lake Powell water levels fell low enough to threaten hydroelectric generation, federal officials said they would withhold an additional 480,000 acre-feet (more than 156 billion gallons or 592 million cubic meters) of water to ensure the dam can still generate power. . This water would normally flow to Lake Mead.

As part of Tuesday’s cuts, Arizona is expected to lose slightly more water than it did this year, when 18% of its supply was cut off. In 2023, it will lose another 3%, an overall reduction of 21% compared to its initial allocation. Central Arizona farmers will largely shoulder the cuts, as they have this year.

Mexico is expected to lose 7% of the 1.5 million acre-feet it receives annually from the river. Last year it lost about 5%. Water is a lifeline for northern desert towns, including Tijuana and a major agricultural industry in the Mexicali Valley, just south of the border with California’s Imperial Valley.

Nevada is also on the verge of losing water – about 8% of its supply – but most residents won’t feel the effects because the state recycles the majority of its water used indoors and n does not use all of its allocation. Last year, the state lost 7%.


Naishadham reported from Washington. The Associated Press receives support from the Walton Family Foundation for coverage of water and environmental policy. The AP is solely responsible for all content. For all of AP’s environmental coverage, visit

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Salt lake city

The source of a resounding boom in Salt Lake City? Probably a meteor.

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When a thunderous boom was heard in the Salt Lake City area over the weekend, it confused residents. Was the seemingly inexplicable noise an earthquake or construction noise? Maybe it was military testing or something from outer space?

After hearing the explosion during a race on Saturday morning, Utah Governor Spencer Cox (R) tweeted that all signs pointed to a meteor.

Multiple doorbell cameras capture audio of the boom, which was heard in northern Utah and southern Idaho. Then there was a mystery to solve: Cox had said the cause of the boom was not an earthquake, which the University of Utah has independently confirmedor related to military tests, as had been the case in a similar incident in April.

The Salt Lake City office of the National Weather Service found itself playing detective, using satellite data from the Geostationary Operational Environmental Satellite (GOES) system to scan the sky above Salt Lake City. He was looking for lightning, even though lightning wasn’t really what he was looking for.

Turns out the mighty GOES satellite can also pick up flashes of light emitted by exploding meteors.

Sure enough, the satellite picked up two bright flashes on Saturday morning. The flashes did not appear to be consistent with thunderstorm activity in the area, meaning it was more than likely the satellite picked up a passing meteor.

Ultimately, video evidence from Utah’s Snowbasin ski resort provided near absolute proof that Saturday’s boom was caused by a meteor. Some cameras managed to capture a fireball, which is larger than a normal meteor, flying over the scenic Utah sky that same morning.

Saturday’s meteor passed over Utah just after the peak of the Perseid meteor shower, although it’s unclear if the meteor was part of that event – which is caused by debris visible from comet Swift-Tuttle – or whether the two events happened to align.

The Perseid meteor shower has many colors of shooting stars. There is a reason for this.

Saturday’s boom is not the first time a mysterious explosion has caused widespread confusion.

last september, NBC Washington reported that dozens of people called 911 after a mysterious loud boom was heard in the Shenandoah Valley. It was initially unclear what could have caused a strong boom on the ground.

According to local reports, meteorologists in the area used lightning tracking satellite technology to confirm that the boom was most likely caused by a meteor. A handful of observations, including of a pilot who spotted the meteor moving relatively low in the atmosphere, also helped astronomers to NASA confirms that the incident was an exploding meteor.

Some Reddit users Digging into the noise from Saturday suggested the meteor’s passing could have been predicted decades ago.

On August 10, 1972, a meteor known as the “Great Daylight Fireball” entered the atmosphere over Utah and traveled hundreds of miles across Canada before re-entering space. Great photos of the fireball show it crossing the Grand Tetons.

Some astronomers have speculated that the asteroid that caused the fireball was on a resonance of around 25 years, meaning it would pass through the region in 1997 and again in 2022, according to a prediction by Austrian astronomer Zdenek Ceplecha.

Scientists have expressed skepticism about such an appearance in 2022, and nothing notable was observed in 1997.

“I think it’s very unlikely to be the same object, but it’s fun to consider the possibility,” Mark Boslough, a physicist at Los Alamos National Laboratory in New Mexico, said in an email. mail.

Boslough wrote that scientists should be able to plot a trajectory for Saturday’s fireball to determine if the events are linked.

“I don’t expect it to match the Great Daylight Fireball’s post-1972 orbit, but it would be a fantastic event if it did,” he said. “Even then, there would have been no reason to expect it to re-enter the atmosphere over Utah, since the Earth’s rotation is out of sync with its orbit or the orbit of an asteroid. Coincidences happen.”

Jason Samenow contributed to this report.

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Utah economy

The story of the diversification of the economies of two cities

Nevada offers a case study of how states can successfully attract new employers.

Nevada has a reputation as a one-horse state, relying primarily on the leisure and hospitality industry. For example, in 2019, accommodation and food services accounted for 26% of Nevada’s workforce. For many years, policymakers and analysts have argued that Nevada should diversify its economy like its neighbors Arizona and Utah. This notion has proven relevant many times, such as during the Great Recession of 2008 and the COVID-19 pandemic, when Nevada, and in particular the Las Vegas metropolitan area, became ground zero for a national economic crisis.

Former Governor Brian Sandoval, along with the Nevada Legislature, placed economic development decisions within the Governor’s Office of Economic Development (GOED) in 2011, bringing that authority into the Governor’s office for the first time. . The main purpose of this move was to prioritize and accelerate the diversification of Nevada’s economy, particularly around the state’s major metropolitan areas, Reno and Las Vegas.

Progress since then has been a tale of two cities.

In the north, Reno attracted the Tesla battery gigafactory into the Tahoe-Reno Industrial Center (TRIC) in 2014, which drew in other companies in the gigafactory supply chain and related fields. The development of TRIC has resulted in a significant reduction in Reno’s reliance on the leisure and hospitality sector for economic activity, as evidenced by its performance during the pandemic and its aftermath. The unemployment rate in Reno was 2.6% in May 2022 and has recovered quickly from its unemployment peak of 18.3% in April 2020. Today, the accommodation and food services sector represents a smaller percentage of the workforce (13%) than 20 years ago, although Reno has added approximately 48,650 workers.

Down south, Las Vegas saw hope for similar activity in 2015 from Faraday Future, an electric car company that had planned to build a large assembly plant in the Apex Industrial Park. Unfortunately, shortly after work began on the Apex site, Faraday Future pulled out in 2017 due to financial shortfalls despite tax incentives and rebates similar to those of the Tesla gigafactory. Since then, no major electric vehicle company has moved into the state. The unemployment rate in Las Vegas in May was 5.3%, which took much longer to come down from a peak of 31.2% in April 2020. Today, more than one in four workers in southern Nevada works in accommodation and food services, which is up from one in three 20 years ago, but still much higher than in Reno.

Generally, states can attract businesses through tax breaks and other incentives. This competition can be modeled as a simple two-state game, where both states are better off by cooperating and not offering incentives. But the most common outcome, known as a Nash equilibrium, occurs when both states offer incentives out of fear of losing if the other state “doesn’t cooperate” and offers incentives. Each state tries to improve the profits it could have made from the cooperative result. But this non-cooperation leads to the worst result because the conflict is costly.

Who benefits from the use of economic development incentives? Economist Timothy J. Bartik has developed a simulation model to examine the effects of economic development incentives, such as tax allowances and other incentives, on the incomes of local residents. His study concludes that incentives produce positive net benefits only under certain conditions, such as in sectors with high job creation. Negative net benefits can occur if, for example, incentives reduce spending on K-12 education.

Policymakers considering tax incentives should take note of political philosopher John Rawls’ “difference principle”, which argues that the extent of inequality should only benefit the most disadvantaged member of society, in this case most vulnerable to tax cuts. collection.

Back in Nevada, GOED offers a menu of possible tax abatements for taxes, including sales and use tax, modified business tax, personal property tax, and property tax for recycling abatements. The Nevada Legislature has implemented performance contracts on its tax abatement agreements, which means that the recipient company only receives the agreed-upon benefits once it has met certain program benchmarks. For example, when Tesla and Panasonic set up their gigafactory in northern Nevada, their performance requirements included $3.5 billion in capital expenditures over 10 years. Additionally, to get the maximum value of certain tax credits, the state incentive program required Tesla to pay a salary of $22 per hour. The total amount of tax breaks given to Tesla and Panasonic is estimated at $1.25 billion if they use them all. Today, Panasonic and Tesla together employ around 7,000 workers in the gigafactory.

Southern Nevada has not been completely left behind when it comes to economic diversification. Haas Automation, one of the world’s largest machine tool manufacturers, announced a $327 million, 2.5 million square foot manufacturing facility in southern Nevada in 2019 that will create 1,400 new jobs. during the first five years. Beyond the tax incentives and relief, what marked the project was the local authorities’ commitment to a dedicated workforce. Together, GOED, Haas Automation, the city, and the local community college built a workforce training center to initiate training programs for Haas, particularly around computer-controlled machine operations and ensuring what the workers are mostly from Nevada.

This model could be a source of hope for future economic development agreements.

Etienne M Miller is a professor of economics at the Lee Business School at the University of Nevada in Las Vegas.

Andrew Woods is director of the Center for Business and Economic Research at the Lee Business School at the University of Nevada in Las Vegas.

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Salt lake city

Salt Lake’s top golfers are playing this weekend at the City Open

The Bonneville golf course will welcome 162 competitors on Saturday and Sunday.

(Photo courtesy of Randy Dodson | Fairways Media) Joe Summerhays competes in the 2020 Salt Lake City Open at Bonneville Golf Course.

When the Salt Lake City Open kicks off this weekend at Bonneville Golf Course, it might look like Jordan Gibbs has the upper hand.

A competitor and new head course professional, he helped choose the pin locations.

Still …

“I’m the host pro, but most people on the court probably know the course better than I do,” said Gibbs, a New Jersey native who took charge at Bonneville in March. “I don’t have an advantage on the home course yet.”

Ask the 162 players who will be competing there on Saturday and Sunday and most locals will probably tell you how important the course on the east bench has been in their development as golfers.

“I’ve always loved playing there. In high school, we used to play here every night for free,” laughed defending City Open champion Zach Johnson.

Johnson, the head pro at Davis Park Golf Course, added, “This is the crown jewel of Salt Lake golf. For public golf you look at what this place offers and it’s hard to match.

The original nine-hole course was built in 1929 and later completed as an 18-hole course in 1959, redesigned by William P. Bell and William F. Bell, the father and son duo who originally co-designed the famous course Torrey Pines golf course. in San Diego.

Now, with a pandemic-fueled boom that has seen a 25% increase in activity on the city’s courses over the five-year average, Bonneville is a bustling center for public golf in Utah. The course saw about 85,000 nine-hole rounds last year, Gibbs said.

But he also sees value in using the course to host marquee events, such as the Salt Lake City Amateur and the City Open.

“It’s really important that Bonneville continues to do this,” he said. “We would also like to host other Utah Golf Association events throughout the year. I think that is part of our responsibility as Bonneville, just where we are located and our history.

This weekend, another champion could be part of that story.

“It was nice to drive and see your name on the sign,” Johnson said this week. “…At my age, I didn’t think I was ever going to win it. It was beyond my career and it was disappointing. I always wanted it.

This year’s roster has been reduced from 192 to 162 players to make it even more competitive for a purse of $5,000 for professionals and around $3,000 for seniors.

Gibbs predicted it might take a 12-under weekend to be crowned champion.

“You can drive well here and get into position,” said two-time City Open champion Chris Moody. “He is capable of scoring. The par 5s, you absolutely have to take advantage of them. Then do a few birdies here and there and try not to bogey too much.

“There are a lot of birdies,” Johnson admitted. “But there are a few holes, if you hit the wrong shot you can come away with a big number.”

Step onto the wrong level of the green on the par-3 ninth, he said, and you could find yourself scoring a 6 on the scoreboard.

“But it’s always a treat to play here,” he said. “He’s still in good shape and he seems to be getting harder every year. It’s a special place.

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Salt lakes real estate

BYU Athletes Have A New NIL Club And Not All Cougar Fans Are Happy About It

Provo NIL Club was launched on Wednesday, with the support of several BYU football players.

(Francisco Kjolseth | The Salt Lake Tribune) Former Utah center Isaac Asiata, left, sits next to BYU running back Lopini Katoa as they compete in a video game challenge at Orem on May 21, 2022 , for Name, Image and Likeness Collective (NIL), Coug Connect. A new NIL venture for BYU fans launched this week to mixed reactions.

A new venture will give BYU football players a chance to make money with their name, image and likeness – but not everyone in Provo is happy about it.

The Provo NIL Club, which was announced on Wednesday, was created by a company called YOKE, a fast-growing company specializing in building websites and digital communities. Subscribers have access to digital encounters and other player-created content.

Replacement quarterback Jacob Conover and linebacker Max Tooley have so far been the most vocal supporters of YOKE, which promises to fairly compensate all athletes who participate.

“Many players from our team came together to launch the Provo NIL Club,” Conover said in a video. “It’s an online community that allows all of our fans to financially support the team and interact with these players.”

But the arrival of YOKE in Provo was met with some setback, especially from another third-party collective.

“Imitation is the purest form of flattery, I suppose?” Jake Brandon, the founder of CougConnect, the first NIL collective for BYU donors, tweeted. “A little shocked honestly.”

So far, the new initiative has raised less than $1,000 from donors, according to the Provo NIL Club website. Yet her mere presence quickly exposed a divide within the NIL space for BYU donors.

Brandon wonders if YOKE has the best interests of the players at heart or if the company follows NCAA rules.

“I am skeptical whether there has been a lot of money pledged for [players] and whether YOKE followed the proper procedures [with BYU’s compliance office]“Brandon told the Salt Lake Tribune. “It’s just a bit rushed. But maybe they will be great.

YOKE is currently in a land grab phase, quickly building as many NIL clubs as possible. That’s up to 20 schools starting this week.

YOKE is essentially like Instagram or YouTube for NIL. It sets up the platform for players to profit from and takes a percentage of those profits every time someone uses the platform. The platform fee is currently 18%.

Due to these high fees, players will see a lower percentage of the money they bring in.

It is a fast moving company in the NIL space, trying to occupy as much real estate as possible.

“Well, it’s a tech company with big money,” said NIL attorney Ben Chase. “They are just an out-of-the-box digital solution for NIL Collectives.”

The biggest question Brandon asks is whether YOKE complies with NCAA rules.

Mick Assaf, the co-founder of YOKE, said the platform fee was a temporary measure. Eventually, YOKE would like players to see a larger percentage of the money. Platform fees started at 25% and have now dropped to 18% as the business grows.

Regarding the issue of compliance, Assaf argued that YOKE is not a NIL collective and does not have to follow the same channels. He did not say whether YOKE had contacted BYU.

“We are a creator platform,” Assaf said. “Our technology allows creators [in this case, players] to monetize. Every collective we’ve worked with, we’ve worked with the compliance office in one way or another. Different schools have different compliance implications, but we’ve never had a problem.

BYU said it wants to have more conversations with YOKE to review the player terms of service, making sure they meet NCAA standards. Several experts said YOKE’s terms of service allow it to retain rights to athlete content in “perpetuity” without fair compensation.

“My understanding is that YOKE offered a whole variety of athletes around $20 in exchange for some kind of endorsement,” University of Florida sports law professor Darrent Heitner told The Gazette in Iowa. “The big thing that struck me when I saw this post on YOKE was the extensive rights that the athletes provided. And not only the extent of those rights, but that they were perpetual and irrevocable royalty free. For an athlete, not being able to revoke this right at any time for the rest of their life or career, is a concern, especially if the compensation is around $20.

BYU is investigating the model used by YOKE in the coming days.

“I plan to have conversations with our friends there at YOKE in the next few days,” said Gary Veron, an associate athletic director who works on NIL issues at BYU.

Veron also mentioned that he wasn’t sure yet if he saw any major red flags with YOKE.

“I’m not knowledgeable enough to really definitively answer that question right now,” Veron said.

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Utah economy

Are gas prices falling? Why a gas tax holiday hurts the economy | Opinion

Maybe now we will stop hearing nonsense about the need for a gas tax exemption.

Earlier this week, AAA reported that gasoline prices fell below $4 a gallon in much of the country (not in Utah, though, where they averaged $4.65 on Friday. , according to AAA). That’s still well above the national average price a year ago, which was $3.19, and that’s miles away from the $1.15 a gallon recorded in Salina, Utah, at dawn. of the pandemic on April 23, 2020.

You remember ? Probably not, because you were stuck at home with nowhere to drive as the economy stalled.

Gas prices could be a ride at Disneyland, comparable to the old Tower of Terror. But the terror is not necessarily limited to the prices themselves.

If you’re in political office, the urge to resist caution can be overwhelming. Almost everyone who votes drives, and despite the well-meaning efforts of many policymakers, almost everyone who drives still has a gas-powered car. When the price goes up, politicians feel a strong need to do something – even, apparently, if that something does more harm than good.

And so, petrol tax exemptions – periods during which national petrol taxes are suspended – have become popular.

As prices peaked earlier this year, talk even swirled about enacting a federal gasoline tax exemption. For once, Washington’s dysfunction came in handy. But even some members of the Utah legislature have started talking about suspending taxes for a season.

Now we can hope that the conversation will go away, at least for a while.

A new report from the Tax Foundation in Washington shows why that would have been a bad idea, and why states that have adopted them over the years — whether for gasoline or other targeted purchases (school supplies, for example) — did not benefit from it.

“Sales tax holidays introduce unjustifiable government distortions into the economy without delivering a significant boost to the economy,” the report said. “They represent a real cost for companies without bringing substantial benefits. They are also an inefficient way to help low-income consumers and an inefficient way to provide savings to consumers.

The problem, of course, is that it won’t fit on a bumper sticker. And if it was, few people would understand it. “Pay less for a gallon of gas,” on the other hand, resonates with almost everyone.

Politicians will say that tax exemptions stimulate economic growth. People will buy more of a thing that costs less. But today’s economy, crazy as it is, is not suffering from a lack of demand. A series of bottlenecks, from failures in supply chains to OPEC’s reluctance to increase production to drilling limits in the United States, have limited supply.

A tax break on gasoline could then increase prices by further stimulating demand.

The most obvious problem, of course, is that tax exemptions rob governments of the taxes they relied on for various programs. In the case of gasoline taxes, they mean less for road maintenance and construction.

The study found that some jurisdictions — the District of Columbia, North Carolina and Georgia — stopped using tax exemptions because they found them too expensive. He said: “…experience shows that claims of economic stimulus, increased incomes and consumer savings are greatly exaggerated.”

Far better for governments, including Congress and the White House, to focus on increasing gas supplies, or enact long-term tax reforms that give businesses the reassurances they need to invest. in production capacity. They won’t because of temporary tax gimmicks.

The study indicates that 17 states plan to hold tax exemptions in 2022, whether for clothing sales, school supplies, computer sales or energy costs.

This is two less than in 2010, the height of enthusiasm.

The price of gas will likely always be paramount to political “do something” because it tends to be used as an argument to vote for or against a candidate. In reality, it is subject to a variety of factors which today include the reluctance of oil companies and oil-producing countries to increase supply, the war in Ukraine and the international market. Currently, the slowing economy appears to be reducing demand, contributing to the decline.

Gas tends to be cheap when we need it least and most expensive when we need it most.

Politics rarely pivots on nuanced explanations or studies from economists, especially during election years.

That’s why Utahans, and all Americans, should be happy that lower prices are pushing gas tax exemptions aside, at least for now.

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Salt lake city government

Time to Unplug Utah’s Inner Harbor

Instead, focus on building a clean, modern point of the mountain.

(Francisco Kjolseth | The Salt Lake Tribune) Trucks carrying shipping containers move in and out of the Union Pacific intermodal terminal at a steady pace, west of Salt Lake City. Directly to the south is the future site of the Transshipment Facility, which will be the heart of the Inner Port, as seen on Wednesday November 10, 2021.

Utah’s Inner Harbor, if completed, will cause a health and environmental disaster. The inner harbor would greatly aggravate air pollution in the valley. It will also significantly increase dirty and polluting diesel truck traffic in North Salt Lake City. It will use a large amount of water which should be used to preserve the Great Salt Lake.

The Utah Inland Port Authority’s board of directors still hasn’t completed and released a health risk assessment that would identify the health issues the port would cause. The UIPA should not pursue any development until the study is published and evaluated by Salt Lake City and the Utah Legislature. Contrary to early promises, warehouses are not required to be built sustainably.

Utah’s Inner Harbor highlights the important issue of environmental justice. The inner harbor will be built in the northwest area of ​​Salt Lake City which includes Salt Lake International Airport, the new Utah State Prison and the Union Pacific Railroad’s main east-west railroad. . This area is just north of Salt Lake City‘s poorest and most ethnically diverse population. They are the ones who will suffer the most from the increase in air pollution.

With the lowest unemployment rate of any state in the country (2.6%) and the huge new state and private industry technology complex planned for the peak of the mountain promising very well paying jobs, the inland port has no economic need.

Utah’s Inner Harbor is shaping up to be a giant mess that will make distributors of goods, like Amazon, chosen project developers, and some connected Utah politicians and consultants rich.

It is time to put an end to this misguided project. We can no longer afford to waste more money, time and effort on this reckless endeavor that will cause much disease in an area that deserves better.

William E. Fisher, originally from Cedar City, grew up in Las Vegas, Nevada. He received a Bachelor of Arts in Political Science from Southern Utah State College (now Southern Utah University) and taught English and American Government at Clark County School District, Las Vegas. He is now active in civic and political organizations in Salt Lake County.

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Salt lake city

New Trail in the Salt Lake Foothills Offers Stunning Valley Views

Soar above the din of traffic on I-80 and I-215 for one of the most expansive views in the valley

(Francisco Kjolseth | The Salt Lake Tribune) After a 1,100-foot climb, the new Parley’s Pointe Trail offers sweeping views of the Salt Lake Valley as a cyclist enjoys the view Wednesday, Aug. 10, 2022. The 4 .8 miles The trail is part of the Bonneville Shoreline Trail and winds between the Parley’s Trail bike path and the Arcadia trailhead on Lakeline Drive.

The din of cars and large trucks hurtling down Interstate 80 or curving along I-215 stands in stark contrast to last year’s relatively calm appearance of the trail winding through the hills above them .

The Parleys Pointe Trail serves as a key link in the Bonneville Shoreline Trail chain which, when the new Grandeur Peak Connector is completed in November, will stretch from H Rock deep into Mill Creek Canyon. Yet he appeared in the foothills last September without much fanfare. Perhaps that’s why the 4.8 mile path is still largely unknown. It doesn’t even have an AllTrails listing yet (although it is on forks).

But that doesn’t mean the trail should be overlooked.

(Francisco Kjolseth | The Salt Lake Tribune) Although open to bikes, dogs and foot traffic, it’s rare to see another user along the many switchbacks of the new Parley’s Pointe Trail, pictured Wednesday, August 10 2022. The 4.8-mile trail is part of the Bonneville Shoreline Trail and winds between the Parley’s Trail bike path and the Arcadia trailhead on Lakeline Drive.

It takes perseverance to get through the opening segments, which include walking along the busy Parleys Trail bike path and a noisy, exposed, and roughly paved road. In fact, for almost the first two miles, it’s hard to enjoy nature with the roar of traffic filling your ears.

However, once you hit the 1.8 mile mark, the hubbub below fades and the beauty of the trail and the sweeping views of the Salt Lake Valley fill the void. The reward at the highest point of the hike, about 3.5 miles away, is a panorama that includes downtown, the Great Salt Lake, the Oquirrh Mountains, Draper, Mount Olympus and, of course, the now-silent highway. that winds through it all. And if this sight becomes rote, bursts of sunflowers appear all along the wide but almost shadowless path.

Utah Trails did much of the heavy lifting to get the Parleys Pointe Trail built after a private developer donated 290 acres to Salt Lake City in 2019 to clear its path. The nonprofit is soliciting donations to pay for planning and environmental reviews that were not covered by grants.

(Francisco Kjolseth | The Salt Lake Tribune) While open to bikes, dogs, and foot traffic, it’s rare to see another user along the new Parley’s Pointe Trail, as the Salt Lake skyline City can be seen in the background on Wednesday August 10. , 2022. The 4.8-mile trail is part of the Bonneville Shoreline Trail and winds between the Parley’s Trail bike path and the Arcadia trailhead on Lakeline Drive.

Getting There

Do you remember that passage about perseverance? This also includes trail access.

The best option would probably be to drop a car off at the end of the trail, which is the Arcadia trailhead on Lakeline Drive, then take another car to the Foothill Drive driveway that leads to Yesco and Tolero Pharmaceuticals. Parking there also works if you only have one vehicle, but it will add another downhill mile to the hike.

From the Yesco driveway, head south on the Parleys Trail cycle path. About 0.7 mile down, just before the pedestrian overpass, the trail signed Parleys Pointe veers left. Travel about another 0.2 mile on an old paved road until the trail turns left again at another trail marker and before long begins a gradual climb.

The trail comes to a fork at 1.5 miles. Take the right branch. Soon the hustle and bustle of highway traffic will subside. After another 2 miles of gentle climbing you will reach the highest point of the hike and a rocky outcrop from which to take in the views. The remaining mile of the hike is entirely downhill. The trail ends at Lakeline Drive, just south of Carrigan Canyon Drive. Anyone wanting extra mileage can follow Lakeline to their north terminus and take the half mile H Rock connector trail to Carrigan Canyon or just return the way they came.

(Francisco Kjolseth | The Salt Lake Tribune) Mount Olympus dominates the southern view from the new Parley’s Pointe Trail as Millcreek’s Mike Coleman turns back Wednesday, August 10, 2022. The 4.8-mile trail is part of the Bonneville Shoreline Trail and winds between the Parley’s Trail bike path and the Arcadia trailhead on Lakeline Drive.

Trib Trails | Parleys Pointe | The Salt Lake Grandstand

Parleys Pointe Trail

Region: In front of Wasatch

Destination: Views of the Salt Lake Valley

Distance: 7.8km

Time: 2 hours, 10 minutes

Elevation Gain: 1,132 feet

Dog allowed: Yes


Bike/horse: Yes

Wheelchair/e-bike accessible: Nope

Difficulty: 3

Editor’s Note • This story is available only to Salt Lake Tribune subscribers. Please support local journalism.

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Utah economy

An integrated power grid would benefit the western United States

According to a new report from the national trade association Advanced Energy Economy (AEE) by independent consultancy Energy Strategies.

A western RTO would diversify state economies and save taxpayers millions of dollars in energy costs each year, the report said. An RTO is a cooperative agreement that allows electric utilities in multiple states to share energy resources through an organized regional market. Today, the west is one of the only regions in the country without an RTO running its power grid.

Regional transmission organizations are cooperative agreements that allow electric utilities in multiple states to share energy resources through an organized regional market. (Photo by Andy A. Widmer/EyeEm via Getty Images)

The research found that all western states – which it defines as Arizona, California, Colorado, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington and Wyoming – would benefit economically from an RTO, which would reduce electricity prices, add energy resources and expand business in the region.

By 2030, compared to the status quo, a Western RTO could save Western states $2 billion in annual energy costs, while adding up to 4.4 GW of additional clean energy to the grid.

“The sooner the west develops an RTO, the sooner residents of the western United States will see the economic benefits of a cleaner, more efficient power grid,” said Amisha Rai, chief executive of AEE. “The West needs a power grid that is more secure, resilient to extreme weather conditions and more accommodating to an evolving energy mix. By building an RTO of the future here in the west, states can achieve these goals while creating jobs and saving money for households and businesses.

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Salt lake city government

Nothing has changed | Private detective | Salt Lake City

Click to enlarge

A little over 38 years ago, the first issue of this journal was published. As mentioned, we were then a newsletter for private clubs in Utah, published under the name of Private detective.

In 1984, the advertising of clubs and alcohol was “illegal” in a public newspaper such as this, so the newsletter was sent directly to members of specific private clubs. One of the first clubs to come on board was the Sage Supper Club in Midvale, now A Bar Named Sue, purveyor of some of the best chicken wings in those areas, by the way.

What we had to endure in 1984 is not very far from what we know today. We have the same supermajority in the Utah House and Senate. Democrats and Independents — formerly called “non-Mormons” — essentially roam the state with the sole ambition of not ever having to leave. You know that day is coming, right?

In one of these very first issues of the Private detective, the Sage Supper Club hosted a central layout advertising its entertainment, food and party schedules. Above the photos and text was the phrase the Sage adopted as his club’s motto: “The more things change, the more they stay the same.”

The owners of the club then were veterans George Boutsis and Reed James (who during the Korean War gave serious shit to the sorry guys who attacked it at Chosin Reservoir). I was asked to add the motto to their ad by Mary Jane Boutsis, George’s wife. When I asked what that meant, she laughed at me funny. “Well, what do you think that means, silly? It means exactly what it says,” she told me. “Look around!”

She was right. The walls, the fireplace, the bandstand and the kitchen were all the same, despite the changing eras and the comings and goings of customers. It’s the same with our government – same government structure in power, same results – just new faces giving smooth, self-respecting speeches.

Not that I understand the guy, but I’ve sometimes found solace in William Shakespeare’s words to validate my own experiences in modern times. It’s reassuring in a way. The closest I can find to things changing, yet remaining the same, is his line of Storm: “What is past is a prologue. Nothing in front of us matters.”

Golfers say that when they walk to the tee box after hitting their previous shot: “That was a bad hole, now play the next one.” I consider this a good strategy these days. We’ve been through a rough patch as a country in recent years, but it’s not over. It’s time to play another hole, looking to the future, understanding that you can only change yourself, not change the big patterns. We just have to deal with the mess as best we can, because at the end of the day things don’t change, we do.

On Monday, the Mar-a-Lago home of former President Donald Trump was lawfully raided by the FBI on behalf of the Justice Department. It was Trump himself who announced that his “beautiful house” had been “ransacked” and that the searchers “had broken into his safe”. Well, yeah, it happens in an FBI search.

That it was Trump himself who made the big reveal should not go unnoticed. It’s been a long strategy for him to be ahead of his opponents to get the first shots and headbutts. So, it’s no surprise that almost all of the talk since the raid hasn’t been about what the Justice Department might possibly be looking for and why, but rather about how our former president is being wronged, pissed off, and hurt. .

He has always been a whiner and is one now. Remember that when it came to bragging, he always said he had nothing to hide. So why the shading? Because, as in Shakespeare’s day, people like Trump had already left their mark in the muddy beds of history.

Like King Lear, another character in Shakespeare’s work, Trump wallows in pity. If he makes three-dimensional moves at any level, it’s to bring those who should hate him together to worship him instead. “I am a more guilty than sinful man,” exclaims King Lear, choking off the winds and rains, expressing that no one suffers like him and finding solace in this because, in his mind, his innocence is framed by the idea that there is always someone who has sinned worse. Are you listening, Hillary and Hunter?

I’m not sure the case law allows for less jail time just because someone else is more guilty, but that’s Trump’s playbook. As long as he believes he is the wronged one, that there have been worse crimes (worse than driving rioters to attack the nation’s capitol?), then he will continue his lamentable appeal to his followers – those supporters who like to call people like me “sheep”. I call them “the blind”.

There have always been people who seek help or advice and unfortunately find it in those who cannot be trusted. This is how a battery of scams takes off, especially here in Utah. This is why the Boy Scouts fall victim to the predatory master scouts.

Of course, Shakespeare had a quote for times like these, also from King Lear: “It is the scourge of the time when fools lead the blind. Do as I tell you, or rather do your pleasure. By- above the rest, go away.”

You see, nothing has changed.

Send your comments to [email protected]

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Salt lake city

Free School Supplies for SLC Kids

SALT LAKE CITY (ABC4) – Getting the kids ready for school can take a lot of time, whether you’re shopping for clothes and supplies or getting them ready for their favorite haircut. An upcoming event will provide school supplies and haircuts for children 17 and under.

The Back-to-School Supplies Drive will be held at the Utah Museum of Contemporary Arts (UMOCA) on August 19 from 12 p.m. to 6 p.m.

Haircuts will be provided by Esmerelda of Royalty Barbershop in West Valley City and Kiirt Banks of My Kulture.

There will also be free music, bouncy houses and children’s art activities.

Before the event, school supplies can be dropped off at the following locations:

  • UMOCA (20 S West Temple St in Salt Lake City)
  • Fade One Barbershop (3804 S Highland Drive in Salt Lake City)
  • Royalty Barbershop (3536 W 3100 S in West Valley City)
  • Costa Vida (213 E 12300 S in Draper)
  • Vape Ave (75900E in Salt Lake City)

School supplies can also be dropped off on the day of the event. UMOCA will hold supplies for a week after the event so people can continue to pick them up.

The rest of the supplies will be donated to schools and families in need.

The event is presented by Mac Life LLC and iVipp App.

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Salt lakes real estate

Utah investor pays $283 million for Anaheim apartments

A 768-unit apartment complex in Anaheim traded hands for a record $283.5 million, in the largest real estate sale of a single property reported in Orange County since the pandemic began.

Records indicate a Utah subsidiary based Bridge Investment Group Holdings Inc. (NYSE: BRDG) paid nearly $369,000 per unit for the Madison Park apartments, a 615,500 square foot rental complex at the intersection of Broadway and Brookhurst Street, near the Disneyland Park Region.

The price is more than double the amount paid during its previous sale in 2015.

The deal is a multi-family record for Orange County in more than a decade in terms of total price; the previous best sale was with the sale of $205.5 million of the 400 units Bryant at Yorba Linda complex at the start of the year.

Madison Park was about 97% occupied when it was sold last month, according to data from the real estate market tracker CoStar Group.

hot market

The low-rise, garden-style resort was built in 1970 on nearly 18 acres of land at 2235 W. Broadway, about a 10-minute drive from Disneyland.

It is the largest apartment complex in the city of Anaheim by number of units.

Units in the three-story buildings range in size from 390-square-foot studios to two-bedroom units covering approximately 1,000 square feet. Average asking rents range from $1,791 to $2,660. Facilities include a fitness center, swimming pool, theater, and other common areas.

The average rent for a two-bedroom apartment in the city jumped 21% in the past month to $2,665, according to Market Tracker

Demand for the multi-family sector has increased during the pandemic, as tenants redesigned their living spaces during the shutdown and investors flocked to the lucrative type of property. This trend has been exacerbated in California, as the state continues to deal with a supply-demand imbalance that has helped send prices to record highs.

Recording offers

Last month, the selling price of Madison Park apartments marks a 132% premium to the reported $122 million that a venture between the San Diego-based company MG properties and Boston-based investment advisor Intercontinental Real Estate Company paid for the resort in 2015.

MG Properties’ sale of the Anaheim complex follows a notable acquisition in May, when it paid $130 million for the newly constructed building the heralda 215-unit apartment project in Placentia.

Based in Newport Beach Living in Lyon sold the property for $605,000 per unit, leading this year on unit price among multifamily projects in Orange County running at least 100 units.

Only two apartment complexes have sold more than $200 million in Orange County over the past decade, according to CoStar Group records, Madison Park and the Bryant at Yorba Linda complex.

The recent sale also tops all local real estate transactions during the pandemic, records show.

Local wallet

Based in Salt Lake City Bridge property managementthe apartment property management subsidiary of Bridge Investment Group, now has more than 1,800 apartments across four properties in its Orange County portfolio.

She took out a loan of nearly $204 million with Berkadia Commercial Mortgage Loan to fund the Anaheim Purchase, records show.

It’s the second local acquisition in the past year for the private investor, which paid $68.9 million for a 168-unit apartment complex in Fullerton in late 2021.

Fullerton Hillslocated on over 10 acres in the Sunny Hills neighborhood approximately 5 miles from California State University, Fullerton, was built in 1973 and sold for around $410,000 a unit. It was 98% occupied at the time of the sale.

Bridge Property also owns the 402 units Crystal clear view apartments in Garden Grove, which she acquired in 2019; and the 500 units Warwick Square complex in Santa Ana, the company’s first local asset, according to the records.

The company has properties in more than 20 states across the country.

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Salt lake city

Vice President Harris meets with Utah Rep. Romero on abortion rights

Vice President Kamala Harris meet State Rep. Angela Romero, D-Salt Lake City and other Latina state lawmakers on Friday to discuss the fight for abortion rights in their own states.

State of play: Harris has met with state lawmakers, health care providers and activists to discuss reproductive rights since the Supreme Court overturned Roe v. Wade in June. It was his first meeting with Latina state lawmakers, Reporting by Marina E. Franco of Axios Latino.

  • The other six Latin lawmakers represented Arizona, Illinois, Kansas, Nevada, New York and Texas.

What she says: “[Harris] really wanted to address abortion and access to abortion and its impact on the Latinx community,” Romero, president-elect of the National Hispanic Caucus of State Legislators, says Axios. “Even though we have a Republican-controlled legislature, that doesn’t mean we shouldn’t talk about issues that affect Utahns, like access to health care.”

  • Romero said she wants input from the federal government and other colleagues on what kinds of policies lawmakers can introduce in their own states to help women.

The context: Utah is one of 13 states with an abortion initiation law.

Why is this important: Hispanic women in Utah are ‘significantly less likely’ to access health care, says one analysis by the Utah Women & Leadership Project at Utah State University.

  • About 20% of Latinas in Utah say they don’t seek health care because of the cost.
  • Nationally, about a quarter of abortion patients are Hispanic women, according to data from the Guttmacher Institute.

Rollback: Utah’s abortion ban was suspended after the Planned Parenthood Association of Utah sued the state to stop it from going into effect.

The big picture: Democrats are using access to reproductive health care as a motivational issue for voters ahead of the midterm elections.

And after: Romero plans to sponsor a bill that would eliminate criminal penalties for health care providers who perform abortions.

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Utah economy

Salt Lake City launches program to increase solar power

SALT LAKE CITY (ABC4) — Salt Lake City launched Solar Salt Lake on Thursday — a program that offers Salt Lake City residents huge discounts on solar installations as more homes decide to go solar.

The bulk purchase program aims to streamline residents’ access to solar power, supporting the local solar economy.

The city has partnered with Gardner Energy, believed to be one of the nation’s oldest solar companies, which has served Intermountain West since 2004.

Gardner Energy has completed more than 1,000 residential and commercial solar installations, totaling more than 17 megawatts of solar energy.

Solar Salt Lake was launched to help meet the city’s climate goals and offers discounted bulk purchasing for up to 50 installations.

“Salt Lake City is committed to protecting the public health and safety of its residents, including ensuring access to clean air, clean water, and a livable environment,” according to

The declaration is a resolve by the city to be climate positive, and is demonstrated by the city’s efforts to curb climate change.

Here are some things the city has done to be climate positive:

  • In 2020, Salt Lake City announced the successful approval of a major renewable energy project to meet the majority of the Municipality of SLC’s electricity needs.
  • In 2021, the Elektron solar project started in Tooele County and is expected to go live in 2023.
  • On the community side, Salt Lake City has worked with Rocky Mountain Power and other communities to pass HB411, the Community Renewable Energy Act, which will see Salt Lake City achieve the 100 X 2030: 100% energy goal. ‘renewable energy for community electricity supply by 2030’. ” objective.
  • Salt Lake City is also working with other Utah 100 Communities to move toward the net goal of 100% clean electricity.
  • Salt Lake City has also set the “80 X 2040: 80% reduction in community greenhouse gas emissions by 2040” goal, which includes a reduction of at least 50% in the community footprint. by 2030.

Click here to learn more about what the city is doing to reduce climate change.

Click here to complete the Solar Salt Lake registration form.

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Salt lake city government

Breeze launches San Bernardino International’s first scheduled passenger service


    Stock code:

    Creation date :

    Francisco Gomes Neto

    Head office location:
    Sao Paulo, Brazil

    Key product lines:
    Embraer 170, Embraer 175, Embraer 190, Embraer 195, Embraer 175-E2, Embraer 190-E2, Embraer 195-E2

    Type of company:

US carrier Breeze Airways has added two new routes to its network, with flights from Provo, Utah and San Bernadino, California to San Francisco. The airline will also offer a one-stop/no-change-plane “BreezeThru” service between Provo and San Bernadino via San Francisco.

Breeze Opens New Routes and First West Coast Base

The new routes began on August 4, when Breeze Airways (Breeze) became the first airline to operate commercial service from San Bernardino International Airport (SBD), located just two miles from the city of San Bernardino. That flight, Breeze MX602, took off from SBD at 2:39 p.m. and arrived at San Francisco International Airport (SFO) at 3:37 p.m. Earlier today, Breeze flight MX603 departed Provo Municipal Airport (PVU) at 9:05 a.m. for the 1:27 a.m. flight to San Francisco, landing at 9:32 a.m. Both flights were operated by the same aircraft, an Embraer E190, registration N126BZ.


On August 4, Breeze Airways launched daily services between San Bernadino (SBD) and San Francisco (SFO). Data:

Breeze also announced its first base on the US West Coast in Provo, about 45 miles (72 kilometers) from the airline’s headquarters in Salt Lake City. Currently, Breeze has over 250 employees at its corporate headquarters and base in Provo, with plans to hire another 180 over the next twelve months. Breeze President Tom Doxey said the new flights and the Provo base are three important milestones for the airline, adding:

“We also have the rare honor today of being the first-ever commercial airline to serve San Bernardino, marking an important milestone for the airport and its community. We commend the government and airport officials who have helped towards this goal and we look forward to serving the people of these cities.”

Breeze continues to connect local communities with low-cost flights

Breeze uses a combination of Embraer and Airbus single-aisle aircraft to operate approximately 87 nonstop routes in the United States to 30 destinations. Photo: Embraer

The new routes connecting Provo and San Berardino to San Francisco and between them are examples of Breeze’s strategy to provide fast, efficient and affordable air service between underserved city pairs. Flights will operate daily, with fares starting at $39 one-way. It does so with a fleet of Airbus and Embraer single-aisle aircraft, which lists seven Airbus A220-300s, ten Embraer ERJ 190-100ARs, three ERJ 190-200ARs and one ERJ 190-200LR, although the ce last is listed as inactive. Breeze also has 73 Airbus A220-300s on order.

Unsurprisingly, local communities are thrilled to be connected to San Francisco and the global connections that come with it. Provo Mayor Michelle Kaufusi said, With Breeze Airways now operating daily nonstop flights to an international airport, our forward-looking vision has opened our community to the world. SFO Airport Manager Ivar C. Satero said Breeze’s new service to Provo and first-ever commercial flight to San Bernardino gives travelers what they want most, more travel options at competitive prices.

Breeze has partnered with Brigham Young University (BYU) in Provo to become its “official hometown airline”. The five-year agreement, which includes San Bernardino Airport, covers nearly all of the university’s men’s and women’s athletic programs, including transportation of BYU teams to away games and other events. Doxey, a former BYU baseball player, said Breeze is proud to support the athletics program while “solidifying brand affinity and awareness for Breeze by tapping into its powerful fanbase.”

In just over a year, Breeze has grown from its initial 16 destinations, primarily in the eastern and southeastern United States, to 30 cities in 18 states with 87 nonstop routes. This will increase with two more destinations from Provo, including nonstop service to Las Vegas starting Oct. 5 and to Los Angeles Nov. 2. How is Breeze handling the current disruptions and is it a good airline to fly with?

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Salt lake city

Poll shows Utahans hosting Winter Olympics in Salt Lake City again

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Unlike many others, is available to everyone, regardless of what they can afford to pay. We do this because we believe that sport belongs to everyone and everyone should be able to read the news regardless of their financial situation. While others try to profit financially from the information, we are committed to sharing it with as many people as possible. The more people can keep abreast of world events and understand their impact, the more sport will be forced to be transparent.

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Salt lakes real estate

Advisor Group Holdings Inc. buys 9,309 shares of Extra Space Storage Inc. (NYSE:EXR)

Advisor Group Holdings Inc. increased its stake in Extra Space Storage Inc. (NYSE:EXR – Get Rating) by 36.0% in the first quarter, according to the company in its latest 13F filing with the Securities and Exchange Commission. The fund held 35,147 shares of the real estate investment trust after acquiring an additional 9,309 shares during the period. Advisor Group Holdings Inc.’s holdings in Extra Space Storage were worth $7,240,000 when it last filed with the SEC.

A number of other hedge funds and other institutional investors have also recently changed their stock holdings. BlackRock Inc. increased its stake in shares of Extra Space Storage by 0.8% in the 4th quarter. BlackRock Inc. now owns 15,153,217 shares of the real estate investment trust worth $3,435,689,000 after acquiring an additional 122,140 shares in the last quarter. State Street Corp increased its position in Extra Space Storage by 6.8% in the fourth quarter. State Street Corp now owns 8,506,244 shares of the real estate investment trust valued at $1,928,621,000 after buying an additional 541,283 shares in the last quarter. Principal Financial Group Inc. increased its position in Extra Space Storage by 2.6% during the 4th quarter. Principal Financial Group Inc. now owns 4,647,305 shares of the real estate investment trust worth $1,050,072,000 after purchasing an additional 119,144 shares in the last quarter. Geode Capital Management LLC increased its position in Extra Space Storage by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 3,004,095 shares of the real estate investment trust worth $679,643,000 after purchasing an additional 82,323 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in Extra Space Storage by 5.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,956,399 shares of the real estate investment trust worth $670,306,000 after purchasing an additional 147,659 shares in the last quarter. Institutional investors hold 95.44% of the company’s shares.

Additional space storage Inventory performance

Extra Space Storage stock opened at $197.22 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.41 and a debt ratio of 1.64. The company has a market capitalization of $26.48 billion, a P/E ratio of 29.70, a PEG ratio of 2.82 and a beta of 0.50. The stock’s 50-day moving average is $173.96 and its 200-day moving average is $187.86. Extra Space Storage Inc. has a 12-month low of $156.70 and a 12-month high of $228.84.

Extra Space Storage (NYSE:EXR – Get Rating) last released its quarterly results on Tuesday, May 3. The real estate investment trust reported earnings per share of $1.51 for the quarter, missing the consensus estimate of $1.86 per ($0.35). The company posted revenue of $379.81 million in the quarter, compared to $368.88 million expected by analysts. Extra Space Storage had a return on equity of 24.31% and a net margin of 51.63%. The company’s quarterly revenue increased 25.1% year over year. In the same quarter of the previous year, the company achieved EPS of $1.50. On average, stock research analysts expect Extra Space Storage Inc. to post earnings per share of 8.4 for the current fiscal year.

Additional Space Storage Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 30. Shareholders of record on Wednesday, June 15 received a dividend of $1.50 per share. The ex-dividend date was Tuesday, June 14. This represents an annualized dividend of $6.00 and a yield of 3.04%. Extra Space Storage’s dividend payout ratio is 90.36%.

Wall Street analysts predict growth

EXR has been the subject of a number of recent analyst reports. upgraded Extra Space Storage from a “hold” rating to a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. upgraded Extra Space Storage from a “neutral” rating to an “overweight” rating and lowered its price target for the company from $224.00 to $193.00 in a Wednesday research report June 22. KeyCorp reduced its target price on Extra Space Storage from $224.00 to $200.00 and set an “overweight” rating for the company in a Thursday, June 16 research report. Jefferies Financial Group reduced its target price on Extra Space Storage from $228.00 to $184.00 and set a “holding” rating for the company in a Thursday, June 30 research report. Finally, Truist Financial reduced its target price on Extra Space Storage from $225.00 to $200.00 and set a “buy” rating for the company in a Wednesday, June 1 research report. One investment analyst has assigned the stock a sell rating, three have issued a hold rating and eight have assigned the company a buy rating. According to, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $199.30.

Additional space storage profile

(Get a rating)

Extra Space Storage Inc, headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and member of the S&P 500. As of September 30, 2020, the Company owned and/or operated 1,906 storage stores self service. in 40 states, Washington, DC and Puerto Rico. The Company’s stores comprise approximately 1.4 million units and approximately 147.5 million square feet of leasable space.

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Institutional Ownership by Quarter for Additional Space Storage (NYSE: EXR)

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Salt lake city government

Patrick Bruce Abernathy – St George News

November 28, 1945 – July 31, 2022

Patrick Bruce Abernathy, 76, beloved husband, father, brother, uncle, and friend, graduated on July 31, 2022, from his home in Pelican Hills, Green Valley, St. George, Utah, following terminal complications from an anoxic brain injury following respiratory failure in 2020.

Patrick was born November 28, 1945, in Monterey Park, Los Angeles County, California to Walter Wilson “Budge” Abernathy and Betty Geneva Moone, and grew up in the San Gabriel Valley. At age 16, he converted to The Church of Jesus Christ of Latter-day Saints, and at age 19 served a full-time volunteer mission for the Church in the Far East Mission of South to the islands of Taiwan and Hong Kong, where he developed a love for the Chinese language, history, culture and people.

After his faithful missionary service, which included responsibilities as assistant to Keith Garner, his mission president, he attended Columbia University in New York and Brigham Young University, campuses in Utah and Hawaii. , where he completed his undergraduate studies in Chinese Language and Literature with a minor in Economics.

He married Joyce Marie Jensen for eternity in the Los Angeles California Temple on November 26, 1969, after which they resided in Taiwan, where he earned a master’s degree in modern Chinese history from National Taiwan University and began to work in the financial industry in California. Subsequently, he was recruited to work for the US government in Washington, D.C. Frequent travel and relocation marked his early career and family life as they welcomed four children into their family. From 1977 to 1992, Hong Kong became their permanent home and the place of many treasured family memories as he transitioned from government work to China expert for several multinational corporations.

Returning to the United States in 1992 to care for his then aging parents, Patrick settled his family in Bloomington, St. George, Utah, where he dutifully and lovingly spent time with and cared for his parents. until their death. He also developed new loves for barbershop music, family history research, and service at the St. George Utah Temple. He enjoyed a great spirit of brotherhood with the Color Country Chorus and various quartets, and he generously gave his time and talents to sing at many community and charitable events. Family history research and temple service were among his highest priorities, and he approached his nearly 10 years of temple service with much study and prayerful preparation to serve honorably in the House of the Lord.

In 2018, Patrick and JJ embarked on a new adventure together as missionaries called to the Utah Headquarters Mission in Salt Lake City, where they served at the famed Family History Library until 2021. He has found great joy in serving the patrons of the Family History Library, and he cherished the fellowship with those with whom he served. He helped many people discover their roots and he also became known as the “Candy Man of Temple Square” for generously sharing his endless supply of salt water taffy.

Patrick possessed a keen intellect and the discipline to master whatever he decided to learn or accomplish. He was widely considered a friend, mentor and role model to many. Among his countless activities and talents, Patrick was known for his diligence, expertise, thoroughness, perfectionism, good humor and good nature. Above all, he valued his family and their deep and lasting testimony of – and sincere devotion – to Jesus the Christ.

Patrick is survived by his wife of 52 years, Joyce Marie Jensen “JJ” Abernathy, of Green Valley; son and daughter-in-law, Matthew and Janella Abernathy of Spanish Fork; son and daughter-in-law, Mark and Monica Abernathy of Austin, Texas; daughter and son-in-law, Holly and Joseph Infanta of Layton, Utah; sister, Karen Berry, of Camarillo, Calif.; half-brother, Donald Walter Abernathy, of Wooster, Ohio; and nieces, nephews and grandchildren: Céline, Chanel, Yale, India, Justin, Joshua, Emmanuelle, Christine, Joseph Israel and Elijah. He was predeceased by his parents, Walter and Betty Abernathy, and his son, Yale Andrus Abernathy.

The family offers their sincere thanks to the following people for the professional, gentle and caring way in which Patrick looked after his last months: nurse Deb and the entire team at Zion’s Way Home Health & Hospice; LuAnn Lundquist and her team at Memory Matters; Dr. Bobby Niemann, neurologist at Vista Healthcare Specialists; and St. George’s Regional Hospital.

In Patrick’s memory, the family invites donations to FamilySearch, a nonprofit family history organization dedicated to connecting families across generations through the preservation and digitization of records and documents. Click here to make contributions online or call 1-800-525-8074.

Funeral services will be held Saturday, August 13 at 1 p.m. at Green Valley Stake Center, 511 South Valley View Drive, St. George, Utah. Visitation will be Friday, August 12, from 6 to 8 p.m. at the Metcalf Mortuary, 288 West St. George Blvd., and Saturday, before services, from 11 a.m. to 12:30 p.m. at the stake center. Interment will be in St. George City Cemetery located at 600 East Tabernacle St.

The services will be broadcast live. Visit the Metcalf Mortuary website where the link will be posted at the bottom of Patrick’s obituary.

Arrangements are in the custody of Metcalf Mortuary, (435) 673-4221. Visit the Metcalf Mortuary website for condolences, full obituaries and funeral announcements.

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Utah economy

Utah consumer sentiment continues to fall in July

Newswise — August 4, 2022 (Salt Lake City) — Utah consumer sentiment fell in July, according to the Kem C. Gardner Policy Institute’s survey of Utah consumers. Utah’s index fell to 62.9 in July from 64.4 in June. A similar survey for the United States showed consumer sentiment rising slightly to 51.5 in July from 50.0 in June. This is the first month since the Gardner Institute began tracking consumer sentiment in October 2020 where Utah’s index fell while national sentiment rose.

“Consumer expectations about the economy can impact day-to-day shopping behavior and therefore business cycles,” said Phil Dean, chief economist at the Gardner Institute. “Concerns about high inflation, including fuel prices, continue to affect consumer sentiment in Utah. High fuel prices are a particularly salient price point for consumers, although prices have fallen these Emerging signals suggest that low-income households are facing financial strains that are beginning to alter their purchasing behavior.

The Utah Consumer Sentiment Survey uses questions comparable to the University of Michigan Consumer Survey. These questions measure residents’ views on current and future economic conditions. Both surveys include a random sample of consumers, including demographic questions to assess the representativeness of the sample.

Full results are now available online.

Source: Kem C. Gardner Policy Institute and University of Michigan



The Kem C. Gardner Policy Institute serves Utah by preparing research on the economic, population, and public policies that help the state prosper. We are experts in Utah demographics, leaders in the Utah economy, and experts in public policy and survey research. We are an honest broker of INFORMED RESEARCH, which guides INFORMED DISCUSSIONS and leads to INFORMED DECISIONS™. For more information, please visit or call 801-587-3717.


The Eccles school is synonymous with “doing”. The Eccles Experience provides world-class business education with a unique entrepreneurial focus on real-world scenarios where students practice what they learn long before graduation. Founded in 1917 and educating more than 6,000 students annually, the David Eccles School of Business at the University of Utah offers nine undergraduate majors, four MBAs, eight other graduate programs, one Ph.D. in seven management training areas and programs. The school is also home to 12 institutes, centers and initiatives, which conduct academic research and support an ecosystem of entrepreneurship and innovation. For more information, visit or call 801-581-7676.

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Salt lakes real estate

A real estate agent’s 8 tips for first-time buyers navigating a hot market

Photography by DP Productions/Getty Images

Cassidy Iwersen always dreamed of becoming a real estate agent. “I just felt like maybe New York wasn’t the place to start that kind of career,” she says. So when the longtime creative director and interior stylist moved to the Dallas-Fort Worth area in 2021 (one of the top destinations for people moving during the pandemic), she decided to take the plunge. , obtain its license and join Compass as a seller. agent. “I was gaga about what you could get for $500,000,” she recalled. Having lived in New York and San Francisco before that, he was a good kind of shock sticker.

While Iwersen works extensively with sellers, listing and staging their spaces, she has a soft spot for first-time buyers trying to navigate a booming market. “I feel like their big sister,” she says. “I want to help them, because it’s scary and overwhelming and there’s a lot [to do] in a short time. Her experience working in a highly visual and creative industry for so long comes in handy when it comes to helping nervous buyers see the potential. “Combining that with my knowledge of real estate, we’re able to make decisions that will save them money or make them money,” says Iwersen. Whether you’re cruising through booming Denver or planning to put down roots in bustling Salt Lake City, we asked Iwersen for his advice on getting through it all stress-free.

Consider living with—wait for it—a bathroom

Green bathtub in a brightly lit bathroom.

Photograph by Brittany Ambridge

We know what you’re thinking: a deal breaker. But let Iwersen help you see the potential. “A lot of older homes still only have one bathroom, which can deter a lot of buyers,” she notes. “But if you can live with that for a minute while you add a second, you’ve instantly increased the value and marketability the next time around.” Still, the thing to ask yourself before committing to a total renovation is: will the other homes in my neighborhood retain (or increase) in value over time? “It doesn’t matter how much you invest in a house if the neighboring houses aren’t as nice or worth as much,” Iwersen points out.

Speed ​​up your timeline from the start

Start looking at the market and getting to know the different neighborhoods so you can see what’s available in your price range and how long things come and go, that way you’ll be able to spot a bargain when you see it. “It will help you act quickly when you’re ready to make an offer,” says Iwersen. In very hot markets, there isn’t much time to research or ask about neighborhood, school district, or commute times after seeing an ad.

Be friendly with a trusted lender

In many of these booming markets where homes sell in about 20 days, it is often necessary for you to send a pre-qualification letter (a document that signifies that a lender has reviewed your financial information and confirms that you will be eligible for a loan) with your offer. “Now is not the time to start thinking about your mortgage. Vendors want to see that you’re ready to go and that everything is lined up and in order,” says Iwersen. Meeting with a local lender early on will help you determine your buying power, resolve any credit issues you may not be aware of, calculate your monthly mortgage payments, and get an idea of ​​how the process works. .

Look at ads that have been around for at least a week

Excellent listings ready to move into quick, so you’ll need to be imaginative and open to houses that might need painting or new lighting. “If you can look past the dated wallpaper or decor, you can potentially avoid a multiple-offer situation and even have some bargaining power,” Iwersen says. “I’m finally hearing about sellers giving buyers concessions or credits to help them lower their mortgage rate on properties that have been on the market for a while.”

Look for timeless architectural details

The details that make a house worth buying come down to the quality of the materials: hardwood floors, walls with trim or moldings, brick or plaster walls. “Like well-cut jeans or a leather jacket, these elements stand the test of time while gaining character and charm,” explains the pro.

Win an auction by making life easier for the seller

Your purchase price isn’t the only thing that can stand out in a bidding war. Forgoing contingencies and valuation, having the shortest possible option period, and offering to pay the seller’s title insurance (or investigation or closing costs) will put you in head of the group. “Sometimes it’s not just ‘the highest and the best,'” Iwersen says. “Maybe the seller needs a lease (time spent in the house after closing while he searches for his next home or extra time to pack or finish the school term), and if you can give him that extend, it could really be beneficial. ”

Offer money through a third party

There are a number of newer programs that have expanded this year in response to the increase in cash-only offers. Companies like Ribbon and UpEquity can work with (or act as one) your mortgage lender and present your cash offer. “They’re actually buying the house for you, and then you have some time to get financing and buy it back from them,” she says, noting that they’ll charge you a percentage of the purchase price to do so, but it might just be worth it.

Renovate intentionally

Part of the sense of belonging puts your stamp on your space. Luckily, if you’ve spent most of your savings on a down payment, less really is more. “By adding a few intentional updates, it distracts from a countertop or backsplash that might not have been your first choice,” she says. Here are some simple changes that Iwersen often recommends:

In the kitchen

  • Paint or stain existing cabinets
  • Change ceiling fans or light fixtures
  • Add a fresh sink and faucet
  • Put down carpets
  • Buy new appliances
  • Swap cabinet hardware
  • Hang the window treatments

In the bathroom

  • Change the vanity (some start at just a few hundred dollars!)
  • Hang a mirror above the sink
  • Wallpaper over dated tiling
  • Opt for white or matte black plumbing fixtures

And when in doubt, paint the walls white. “And the ceiling! says Iwersen.

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Salt lake city

Utah’s metropolitan areas are among the most employed in the nation

Illustration: Sarah Grillo/Axios

Unemployment rose in Utah’s metropolitan areas, but unemployment rates were still well below nearly every other state.

Driving the news: Federal unemployment figures released Wednesday show that all five Utah metropolitan areas — urban areas with at least 50,000 residents — had unemployment rates of 2.6% or lower in June.

  • Only four other states had lower rates for all of their metropolitan areas: New Hampshire, Vermont, and North and South Dakota.

By the numbers: Logan’s unemployment rate — 2.2% — was the lowest in the state and tied for 11th among the nation’s 396 cities.

  • Provo-Orem tied at No. 17, at 2.3%.
  • Salt Lake City and Ogden-Clearfield tied for 22nd at 2.4%
  • At 2.6%, St. George had the 35th lowest unemployment rate.

Rollback: Utah’s unemployment rate is consistently low, so its cities’ unemployment numbers had less room to fall than in other states.

  • Metro Utah’s unemployment rates have fallen by less than 1%, while most workers nationwide live in cities where unemployment has fallen by at least 2%.
  • Only Grand Island, Nebraska, and Yuma, Arizona, have seen smaller declines than Logan’s decline of just 0.2% since June 2021.


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Utah economy

Washington County Implements Utah’s Most Restrictive Water Ordinances

WASHINGTON COUNTY, Utah – Washington County’s largest cities have implemented new water ordinances to help protect water resources in what a news release called the nation’s fastest growing region.

The new measures include a ban on non-functional turf for newly constructed commercial, institutional and industrial developments, and a turf limit in new homes.

New golf courses in St. George will also not be approved unless the development can provide its own source of non-potable water for irrigation, according to a Wednesday morning news release from the Washington County Water Conservancy District. .

The ordinances would be the most restrictive for new construction in Beehive State.

“We can’t risk running out of water,” said Zach Renstrom, chief executive of the Washington County Water Conservancy District. “The prolonged drought has threatened our only source of water – we need to make changes to how our community uses its water to protect our economy and our quality of life.”

Utah Governor Spencer J. Cox said, We salute Washington County’s current water conservation achievements and efforts, including setting a higher standard for development in the state with these new municipal ordinances.

“Our future depends on every community in Utah, making water conservation a top priority,” Cox said.

The ordinances also require the use of secondary (untreated) water and reuse (treated wastewater) for outdoor irrigation, if applicable, depending on the version. Currently, the county uses it to irrigate parks, schools, golf courses, city-owned facilities, and some residential neighborhoods.

“The district is developing a regional reuse system in partnership with its municipal customers that will significantly improve the availability of reused water for future development,” the statement said.

Other requirements of the order include:

  • Hot water recirculation systems
  • Luminaires labeled Water-Sense
  • Energy Star Appliances
  • Sub-metering of multi-unit installations
  • Restrictions on water features, including misting systems
  • Water budgets for golf courses
  • Limits on water used by car wash facilities

The new ordinances are expected to save nearly 11 billion gallons of water over the next 10 years, according to the release.

Officials said each municipality will enforce its new order, adding that cities will review complaints received about water waste and monitor metering data to notify and impose penalties on non-compliant customers.

“To help encourage compliance, the district will begin assessing an additional high water usage fee in 2023. The money generated from this fee will fund water conservation programs, including rebates to replace the ‘grass through water-efficient landscaping,’ the statement read.

The county’s long-term water supply plan, according to the release, includes additional water conservation and reuse, optimization of local sources and development of new resources.

“Washington County has already reduced its per capita water use by more than 30% since 2000 – the largest reduction in water use in Utah – and plans an additional 14% reduction by 2030. , using 2015 as the base year.”

REMARK: The Washington County Water Conservancy District is a public, nonprofit organization that oversees water resources in Washington County, UT. Visit for more information.

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Salt lakes real estate

Additional space storage: Q2 results overview

SALT LAKE CITY (AP) _ Extra Space Storage Inc. (EXR) reported a key measure of its second-quarter profitability on Tuesday. The results exceeded Wall Street expectations.

The Salt Lake City-based real estate investment trust said it had operating funds of $305.1 million, or $2.13 per share, during the period.

The average estimate of eight analysts polled by Zacks Investment Research was for funds from operations of $2.04 per share.

Funds from operations is a closely watched metric in the REIT industry. It takes net income and adds items such as depreciation and amortization.

The company said it had net income of $232.1 million, or $1.73 per share.

The self-storage real estate investment trust posted revenue of $475 million in the period, also beating Street’s forecast. Three analysts polled by Zacks expected $463.5 million.

Extra Space Storage expects operating funds for the full year in the range of $8.30 to $8.50 per share.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on EXR at

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Salt lake city

SL school board member and former state senator allege superintendent racially harassed

Estimated reading time: 2-3 minutes

SALT LAKE CITY — A Salt Lake City school board member and former state senator are calling on residents to come to Tuesday’s board meeting in support of Superintendent Timothy Gadson, alleging he was victimized racial harassment and an effort to force him to resign.

The district did not give a reason why Gadson — who has only been in the role for a year — was placed on paid administrative leave last month. The chairman and vice chairman of the board released a statement at the time citing confidentiality.

“While we have heard our community’s desire for more information, the Board is limited in its ability to confirm or deny the accuracy of any information reported due to our commitment to maintaining confidentiality. of our executive closed sessions,” the statement read.

Ahead of Tuesday night’s meeting, council member Mohamed Baayd claimed Gadson was racially harassed.

“The systemic racism and the institutional racism that we have within our district, unfortunately, was not ready to receive a black leader who could actually lead a district in a different direction,” Baayd said in an interview with KSL- TV and KSL News Radio.

Baayd, the only board member to come to Gadson’s defence, said the board had received complaints against the superintendent and that he viewed those complaints as racially motivated.

“As a black person, when I hear them, it’s like someone looks at me and says, ‘We can’t accept you for who you are. Your culture, your behavior is not what we are looking for here in our neighborhood, “says Bayd.

Baayd and former state senator James Evans are both asking people to come to the town hall at 6:30 p.m. Tuesday to show their support for Gadson.

“You have an unprofessional board that sides with its friends in administration and undermines the superintendent,” Evans said. “And then the backdrop to that is the racial discrimination component.”

Ahead of Tuesday’s public meeting, the board will hold a closed executive session beginning at 5 p.m.

“Unfortunately, when (Gadson) arrived, the board failed to support him and accomplish the agenda of caring for our students and our families,” Baayd said.

A letter to Evans residents co-signed by local NAACP president Jeanetta Williams alleges that Gadson faced a pressure campaign to have him resign.

“We affirm that the heart of this campaign to expel Dr. Gadson is driven by disgruntled board members who failed to act on the instructions they gave him directly,” the letter reads. “This led to an environment of intimidation, racial harassment, unsubstantiated complaints and secret meetings behind closed doors to expel him without due process and without cause.”

Asked about the letter and the racial harassment allegations, a school district spokesperson declined to comment and referred KSL to the statement released last month.

Below is the full statement from SLC School Board President Melissa Ford and Vice President Nate Salazar, dated July 14:

“We heard this week from esteemed stakeholders regarding their desire for transparency in light of media reports about our superintendent. We appreciate hearing from our community and want to reassure our constituents that this important and sensitive issue is being addressed by the Advice in a manner consistent with state law.To protect everyone’s interests, including those of our employees, we do not comment on personnel matters.

“As a council, we will continue to abide by all laws, including the Open and Public Meetings Act, which governs discussions held in closed executive session. It is unfortunate that a council member knowingly chooses to speak topics that may have been discussed in While we have heard our community’s desire for more information, the Board is limited in its ability to confirm or refute the accuracy of any reported information due to our commitment to maintain the confidentiality of our executive in camera sessions.

“We remain committed to providing our students with the best educational opportunities and are grateful for the continued hard work and dedication of our employees as they prepare for the upcoming school year.”

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Utah economy

Utah real estate market stabilizes – Lehi Free Press

Sales are down, inventory is up, and price increases come to a halt. So why are so many Utahns still priced high on the real estate market? The median home price in Utah fell for the first time in nearly two years. In June, it fell to $530,000, down slightly from $535,050 in May.

Meanwhile, sales slow down considerably. From April to June, sales of single-family homes in Wasatch Front counties fell 10%, to 7,140 units sold, from 7,921 units sold a year earlier. Single-family home sales in Salt Lake County were down 15% from the second quarter of 2021 to 2,800 units sold from April to June of this year.

But don’t get too excited or jump to worrying conclusions, like the idea that Utah’s housing bubble will burst and prices will plummet.

The slowdown indicates that, as the Salt Lake Chamber put it, Utah property values ​​are beginning to “stabilize.” According to Dejan Eskic, a senior fellow at the University of Utah’s Kem C. Gardner Institute and one of Utah’s top housing experts, the news is welcome in a housing market that is punishing buyers. Of house. He is also the Salt Lake Board of Realtors’ top economist.


“After two years of a frenzied market with numerous offers in the tens of thousands of dollars over asking price,” Eskic said, “Utah’s real estate market is returning to normality.”

While homebuyers have struggled over the past two years to negotiate a tough market, often with just days to make a winning bid before a property is purchased, the market is gradually calming down.

“Instead of a few days, it will probably take a few weeks,” Eskic said.

It’s something that Eskic feels personally. He recalls the sense of urgency he felt when he bought his house during the frenzy, joking that he “probably spent more time deciding which running shoes to buy” than determining if he were to make an offer on his property.

So what does this mean for the Utah real estate market, and where do we go from here?


Yes, real estate prices are starting to stabilize. However, they are stabilizing at record highs, and for various reasons that Eskic will explain below, they are expected to remain high.

Housing prices in Utah are stabilizing, but at a higher level.

This is bad news for Utahans and the state’s housing affordability problem. Yes, higher mortgage rates of 5% to 6% these days have dampened demand slightly, but they’ve also cost 70% to 75% of Utahns, according to Eskic’s estimates. The typical monthly mortgage payment has fallen from $1,400 earlier this year, when interest rates were lower, to $2,600 today.

Again, context is crucial. The median home price in Utah has fallen slightly, but is still above $500,000. In January 2019, it was just under $300,000, according to

“So our prices are still out of this world,” Eskic said. However, he pointed out that the state’s year-over-year price increases had increased by more than 20% by the mid-teens.


Higher mortgage rates would no doubt cool what has been a runway market for years, but with Utah’s economy robust, jobs abound and the state’s housing shortage remains a chronic problem, demand will remain strong due to state expansion.

Why is Utah isolated from the rest of the country?

According to the Salt Lake Chamber’s Economic Scorecard, Utah has the third-lowest unemployment rate in the United States, tied with New Hampshire and after Minnesota and Nebraska. Utah’s consumer confidence, on the other hand, fell in June to its lowest level since data collection began in October 2020, matching national levels of consumer confidence in its 70-year history. .

That means Utah is “slowing growth as inflation and rising interest rates weigh on consumers,” according to Derek Miller, president and CEO of the Salt Lake Chamber.

Despite these issues, according to Miller, Utah’s economy is robust and “Utah remains a net positive for industrial growth across all sectors.”


Even though the “dirty word ‘R’ – a recession” is rife as the United States grapples with inflation and other issues, Utah has generally fared better than the rest of the country due to of its strong economic situation.

“We’re not immune…but we’re also in a little bubble,” Eskic said. “Our market has grown organically for a long time, and so regardless of what’s going on in the economy, (people) come here because they feel safe in Utah. They see less uncertainty in Utah because… we are stable.

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Salt lake city government

The North Carolina Court of Appeals will say more about how the judges ruled | app

RALEIGH, N.C. (AP) — North Carolina’s mid-level appeals court will now release more details about how its three-judge panels resolved certain issues before them.

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