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Sandy to buy land that was planned for Proscenium

By Rebecca Palmer
Deseret News, 22 September 2009

Article Summary:

  • plans for the Proscenium development have been scraped due to the developer's funding drying up
  • Sandy City plans to purchase the 5 acres from Scott McQuarrie for $5 million, then lease to a developer
  • the land appraised at $8.7 million in December 2008, but was revised to $5.5 million last month
  • the original Proscenium plans called for 40-story, 600-foot towers
  • new plans could still include a theater, apartments, condominiums, or commercial development
     
Original Source:
Sandy to buy land that was planned for Proscenium