|
PRESIDENT'S
MESSAGE
|
A Home for Intermountain Medical Center; Murray Receives Phoenix
Award for Smelter Site Cleanup
|
In 2003, Intermountain Health Care broke ground for its
new medical center campus in Murray; a $560 million development
built on what was once a blighted and environmentally
dangerous area. The economic impact of the new medical
center and the growth expected to follow it will have a
tremendous impact on the state’s economy.
Today’s feature story covers the effort to clean up and
redevelop the Murray Smelter Site and the presentation of
the EPA’s prestigious Phoenix Award to Murray City for its leadership and foresight.
In addition, this issue of the Economic Review
includes links to many of the ED-related news stories
from the past week. If you have comments, suggestions or
topics you’d like to see in the Economic Review,
please contact us by clicking the “Comments” link on the
bottom of this page.
Enjoy!

Jeff Edwards
President and CEO
|
FEATURE
Murray City Turns Lead into Lemonade
When the American Smelting and Refining Company
(ASARCO) ceased its Murray operations in 1949, the smelter
site was left with approximately 500,000 tons of heavy
metal slag and the soil, ground and surface water were
contaminated with high levels of arsenic and lead. “The
area was stigmatized by the health risks,” says
Murray Mayor Dan Snarr. “No one wanted to develop near the smelter for fear
of contamination and the associated legal liabilities.”
And that’s the way the smelter site remained—a blighted,
environmentally dangerous area destined to make the EPA’s
Superfund list—until twelve years ago. Knowing the Smelter
area might become a Superfund site, the city made what is
termed an extraordinary move by a local government. Murray
proposed to the EPA that the city become the lead agency
in the cleanup and the two entities entered into a
Memorandum of Understanding in 1996, which formally
established the city’s role in the development of cleanup
options and identifying potential future land uses at the
site.

Now, after years of collaboration, planning and cleanup,
the site is actively being developed into a $560 million
campus for Intermountain Healthcare’s state-of-the-art
Intermountain Medical Center, and Snarr is ecstatic.
What’s more, this past November 14 Murray City was awarded
the EPA’s prestigious Phoenix Award at a ceremony in
Boston, MA, for excellence in the Brownfields
redevelopment of the Murray Smelter site. Snarr received
the award on behalf of Murray City, the property owners,
and the many others that helped make the remediation and
redevelopment of the 142-acre Smelter site a reality.
“The significance of the Phoenix Award is that it shows
what can happen when a disparate group of individuals and
groups come together for a common good,” Snarr says. And
the irony of it all, according to Snarr, is that an area
which once posed serious health risks will now be home to
a world-renowned facility whose sole purpose is to improve
health. “Intermountain Healthcare is building the most
advanced hospital in the world here,” he says.
In September 2003 Intermountain Healthcare broke ground
for its new complex, which will cover over 100 acres of
the original smelting and refinery site. The campus will include a
nine-story medical office tower and 1.5 million square
feet of hospital space. The Intermountain Medical Center
will include an ambulatory and outpatient diagnostics
hospital, a birthing center, a cancer treatment hospital,
a heart and lung hospital, and a tertiary inpatient,
critical care level one trauma hospital. It will also be
home to one of only two super-large hyperbaric oxygen
therapy chambers in the world, according to Snarr.
Besides the direct benefits of having a state-of-the-art
medical center available, Snarr says the development will
provide additional tax revenues, stimulate the local
economy through the addition of approximately 4,500 new
jobs, and also include the construction of more than $1
billion in physical structures over the next 10 years.
Another 42 acres of the smelter site is being used by the
Utah Transit Authority for a TRAX light rail station, and
by two local developers interested in commercial
opportunities. In addition, Intermountain Healthcare
rented a segment of its original share of land to Costco,
and GE has made a commitment to locate its software
development there.
Snarr credits former Murray Mayor Lynn Pett and his
Executive Assistant Jack DeMann for their foresight and
hard work to get the smelter site remediation and
redevelopment rolling. The city brought together the 17
different land owners and over a six-month period
convinced them to cooperate in the cleanup process without
litigation. Armed with a Brownfields grant from EPA in
January 1997, the city hired a real estate consultant to
advise the city and property owners about the land-value
implications of various remedial strategies and
redevelopment potential.
Brownfields are properties designated by the EPA in
which the expansion, redevelopment, or reuse may be
complicated by the presence of a hazardous substance,
pollutant, or contaminant. Created in 1997, the Phoenix
Award honors individuals and groups who are working to
solve the critical environmental challenge of transforming
blighted and contaminated areas into productive new uses.
Criteria for The Phoenix Awards™ focus on the magnitude of
the project, innovative techniques, solutions to
regulatory issues, and impact upon the community. A panel
of environmental professionals and business, academic and
government leaders select the winners.
The 2006 Phoenix Award winners for the 10 U.S. EPA regions
are:
Region 1: Kendall Square Redevelopment, Cambridge,
Massachusetts
Region 2: Fulton Fish Market at Hunts Point, Bronx, New
York
Region 3: Bethlehem Commerce Center, Bethlehem,
Pennsylvania
Region 4: Baldwin Park Redevelopment Project, Orlando,
Florida
Region 5: Toledo Loves Its Jeeps, Toledo, Ohio
Region 6: Heifer International Center, Little Rock,
Arkansas
Region 7: Alberici Corporate Headquarters, St. Louis,
Missouri
Region 8: Murray Smelter Site, Murray, Utah
Region 9: Lion Creek Crossings, Oakland, California
Region 10: Trail of the Coeur d’Alenes
'Doing Business in India' Seminar Dec. 5 in Salt Lake
The Governor's Office of Economic Development is hosting a "Doing Business in India" seminar from 8 to 11 a.m. Dec. 5
at the Little America Hotel.
The event will include comments from representatives of companies already
operating in India. Key speakers include: Ragula Bhaskar, president and chief
executive officer of FatPipe Networks; Ashok Joshi, CEO of Ceramatec; Krishna
Shenai, USTAR professor at Utah State University; Mark Davis of the law firm
Davis & Leimann; and Paul K. Savage, an attorney with Kirton & McConkie.
The event is free. Register here:
www.international.utah.gov.
The seminar is co-sponsored by the Governor's Office of Economic Development,
Zions Bank, Kirton & McConkie and the U.S. Department of Commerce.
CALENDAR
Dec. 5:
Doing Business in India Seminar, 8 a.m. to 11:00 a.m. at the Little
America Hotel. The event is free, but registration is required at
www.international.utah.gov.
Dec. 20:
EDCUTAH Holiday Open House (Salt Lake), 4 p.m. to 6:00 p.m. Please
RSVP to Trina Stanley by Thursday, Dec. 7 at 801-328-8824 or by email at
tstanley@edcutah.org.
Jan. 10, 2007:
Washington County Economic Summit (St. George)
7:30 a.m. - 2:30 p.m., for more information contact: Dixie Business Alliance,
225 South 700 East, St. George, 84770. Call (435) 652-7724 or
email; website:
http://www.whatsupdownsouth.com
Feb. 8, 2007:
23rd Annual Investors Choice® Venture Capital Conference (Salt Lake City)
Learn the venture process, build a fundraising
presentation and meet with venture, corporate and angel investors.
Submission deadline is October 30th. For more information visit:
www.venturecapital.org/utah.
June 6-8, 2007:
The New West
Summit, in Big Sky, Montana will bring together business leaders,
entrepreneurs, politicians, journalists, academicians, and engaged citizens to
talk about the future of the Rocky Mountain West.
EDCUTAH PARTNERS
Current Partners
Why Be a Partner?
Board of Trustees
The EDCUTAH Economic Review is a weekly
publication of the
Economic
Development Corporation of Utah. It is
distributed to EDCUTAH partners and selected other
government and civic organizations interested in
Utah's economic development.
If you prefer not to receive this newsletter,
please use the link below.
Subscribe or
Unsubscribe
Your comments and suggestions regarding this
newsletter are always welcome. Click here:
Comments
|
IN THE NEWS
Economic Development Headlines
Fifth Office Building to be Constructed at The Gateway
- Office space at The Gateway is currently at 100
percent occupancy, spurring the need for a new office tower to be built by The
Boyer Company. (
Enterprise)
Tourism Budget Hits S. Utah
- Utah's expanded tourism budget is making strides,
even here in Southern Utah. (
The
Spectrum)
Night Spots & Strip Malls
- Yes, Iggy’s Sports Grill is still coming to town. The popular Wasatch
Front-based chain of restaurants is under construction next to Winger’s at 2281
N. Main St., and will open next year along with a spate of other retail shops
south of it. (
Herald
Journal)
Downtown Provo Gets a Facelift
-
Through major renovations, city officials hope to turn downtown Provo into a
24-hour town where people can work, play and live. (News
Net)
Beaver County: Mighty Winds Attract Proposal
- The vast open spaces and persistent wind in
northern Beaver County have lured a Massachusetts company with plans for a $400
million electricity-generating wind farm. (SL
Tribune) (The
Boston Globe)
Wells Fargo Leads Utah in Lending to Small
Businesses
- Wells Fargo Bank was the biggest
lender to small businesses in the Salt Lake City metropolitan area last
year, providing slightly more than a third of the loans made by almost 70
financial institutions operating in the area, according to government
figures. (SL
Tribune)
Fashion Place to Expand
- Fashion Place Mall confirmed Monday that it is
planning a significant expansion, tentatively expected to be complete in 2009. (Morning
News)
Port 15 Gets Second Business
-
Quantum Development Group announced Monday it has closed a deal with the second
tenant in the Port 15 Economic Development Area. (The
Spectrum)
Ogden Council to Consider Action for East Bench Luxury Homes,
Gondola
- The Ogden City Council intends to pay for an independent economic and
environmental analysis of a project that could transform the east bench of the
city with luxury homes and a mountainside gondola.
(SL Tribune)
Paiute Tech Company Climbs Ranks in Just Three Years
-
In just three years, Suh'dutsing Technologies has risen from a struggling
startup to an American Indian success story - and more.
(SL Tribune)
Housing Boom May Be Cooling Off in Utah
-
The number of building permits issued for new houses, condominiums and
apartments is falling across Utah, but in Utah County permits are skyrocketing,
according to a new report. (Morning
News)
Developer Buys 92 Acres for Commercial Project in Sp. Fork
-
Spanish Fork's industrial sector could get a major boost after a developer
purchased 92 acres of land in the area, the largest commercial land purchase in
Utah County in 2006. (Daily
Herald)
Resounding Resort
-
A resort nestled in a mountainside and linked to downtown Ogden via gondola
might sound like a revolutionary idea -- like something that would take a
21st-century forward-looking young mind to think up. (Standard-Examiner)
Downtown: The Next Generation
-
Seattle has Pike Place Market. San Antonio has Riverwalk. In Denver, the 16th
Street Mall gathers tourists and residents alike...Salt Lake City
will soon have its own such place, a thriving twenty-plus-block area designed to
bring people together. (Utah
Ledger)
Business Booming at Kennecott
-
An unprecedented boom in drilling and mining has reached proportions in Utah
that's being called astonishing; we can largely thank China for it. Nowhere is
the boom more welcome than at the Kennecott mine in Salt Lake County. (
KSL)
Skywest, Inc. Selected for Additional Regional Jet Flying
-
SkyWest, Inc., a St. George-based airline, has been
selected for the first allocation of regional jet
flying related to an existing request for proposal
by Delta Air Lines, Inc. (Utah
Business Magazine)
Ski Industry Primed for the Winter Run
- Coming
off two years of record-breaking attendance on the
slopes, the Utah ski industry is primed for another
strong season as snow came early enough for the
resorts to open before Thanksgiving. (Utah
Business Magazine)
Wireless Phone Firm Execs Launch Chain of Mac
Computer Stores
- The
Capital Partner Group plans to expand Utah presence
of Simply Mac computer retail stores. (The
Enterprise)
Arizona-Based Bakery Plans Significant Expansion
in Utah
- Paradise Bakery and Cafe Inc. is planning a
significant expansion in the Utah market, with
several new stores opening within the next year.
(The
Enterprise)
Expansion Set for Jan. 2008 Finish
- If all goes as planned, the Davis Conference
Center expansion should allow for a January 2008 occupancy. (
Clipper
Today)
Cluster Program Hits Ogden
- A new economic clustering program designed to
bring more recreation and outdoor products companies to Utah will complement
Ogden's burgeoning success as a hub for the snow sports industry, a state
official said. (
Standard
Examiner) (
Utah
Business Magazine)
(Morning
News)Beaver Canyon-Based Luxury Development Clears a Hurdle
- A
gated community with its own ski area, world-class
golf course and million-dollar homes has cleared its
initial hurdle, but neighbors fear the southwestern
Utah resort for the super-rich won't be so super. (SL
Tribune) (Daily
Herald)
SLC Takes Step Toward Cheap-Hotel Fixes
- Salt
Lake City Council members have known for more than a
year they need to find a solution to the two
dilapidated single-room occupancy hotels (SROs) on
State Street in the downtown area. (SL
Tribune)
Sports Drives Economic Engine
- Of course sports and recreation represent big
business in Utah. (SL
Tribune)
Guide Offers Strategies to Meet Needs of Residents
- By 2040, Wasatch Front residents want: housing options, well-developed city
centers, a variety of bike and pedestrian routes, mass transit and good roads. (Morning
News)
Zions Bancorporation Ranks as the Top Provider of SBA 504 Loans in the U.S.
- Zions Bancorporation, a Salt Lake City-based financial services company, ranks
as the top third-party lender in 2006 of U.S. Small Business Administration
(SBA) 504 first mortgage loans. (Utah
Business Magazine)
Utah Funding Targets Next 'High School Musical'
- The state will use $500,000 to ensure that
production of the next "High School Musical"
made-for-TV movie high-steps its way back to Utah. (Morning
News) (KCPW)
(Utah
Business Magazine)
Hot Job Market Brightens Outlook for Utah's Grads
- The
hot job market is paying off for Utah's college
students, with recruiters wooing soon-to-be
graduates in record numbers. (Morning
News)
Layton OKs Site for Fiber-Optics Hub
- Though Layton residents won't see any fiber optics
coming to town soon, the City Council voted Nov. 9 to approve the future
location of a fiber-optics hub. (Morning
News)
Utah Reacts: A Delta Takeover Worries Business
- Utah business
leaders on Wednesday fretted about US Airways' proposed
hostile takeover of Delta, while passengers at Salt Lake
City International Airport were mostly unconcerned, though
some worried about the potential for higher ticket prices. (SL
Tribune)
'Fast-track' Bill for Rural Firms Gets OK
- A legislative
interim committee passed out a bill Wednesday designed to
give companies in rural Utah a better crack at getting
job-creation incentives. (Morning
News)
Titanium, Vegetable Plants, Cabinets on Industrial Horizon
- Several new industrial operations will be setting up shop in
Tooele County in the near future. (Toole
Transcript Bulletin)
Pleasant Grove to Get Share of Tax Pie
- No doubt it won't be a laughing matter for guests to Utah
Valley hotels come April 1 when hotel bills increase because of a no-joke tax
increase that will kick in across the county. (Morning
News)
Starbucks to Build 13 More Coffee Shops in Utah
- Starbucks, which has 53 Utah coffee shops, has
plans to open 13 more throughout the state. (Enterprise)
Utah Unemployment Rate is Record 2.5%
- Utah's jobless rate fell to an unprecedented low last month, according to the
latest data from the Department of Workforce Services. (Morning
News) (SL
Tribune)
GOED Business Development Board Approves Economic Development
Zones
- At its monthly
board meeting the Business and Economic Development
Board of the Governor’s Office of Economic Development
(GOED) approved economic development zones for three Utah
cities. (Utah
Business Magazine)