The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-06-10
POPPERTON PLACE
PROPERTY IS SOLD
Large Transfer of Stock Is
Made to New York
Men.
NO STATEMENT is MADE
REGARDING CONSIDERATION
Judge ColbOrn, Manager of the
Company, Discusses the
Transfer.

Rumors current to the effect that the
Poppcrton Place property had changed
hands lately have been circulated Judge
T.. +, Colborn, general manager or tho
&C mpany owning the Popperton Place
property. who returned Thursday from
siX-weeks' business trip TO New York,
was seen Saturday by q Tribune reporter
and asked regarding the subject.
Judge Colborn was reluctant to give out
n statement OF the proceedings OF the
transaction, but chcerfully consented to
talk in a general way on all matters con-
cerncd
Judge Colborn Talks.
Judge Colborn said 80 far as an out
ard-out sale OF tho Popperton Place prop
erty is concerned / don't know II the re-
strictions Justify a statement. There has
transfer 6f 5o of SFFS YoTk
chan Changed Sp1 hands, IN sS but there have been no
deeds recorded. The change has been
merely transfer OF stock.
Consideration Not Given.
"I would not be justified to make a
statement regarding the consideration for
which the transfer of stock was made.
This Is n matter | have no right 70 dis
some time; Local people have been con
sidcring the matter, but the men who
Lave taken over the stock are all resi-
dents OF New York These men are pro-
fessionals in their line and through them
Popperton Place is to be made one OF
The finest suburbs in tho whole country.
Big Tract Of Land.
Proportion Place is the largest tract
of land in Salt Lake City. 1t occupies
a commanding position. being practically
the only suburb in the city. The New
York men. before taking over the stock
realized the greet oPP3rtIInitieS III sfo Of t9p q
residence locality second to none in the
| West, Large sums of money VIII be ex-
pended In the undertaking Modern I'M
| rrovements will be made. The details OF
| these improvements have not yet been
agreed upon. but they have been gener-
| ally discussed.
Cooperation Wanted.
III we can have the cooperation OF
the city in some matters which VIII IA
| cllitate the work, the company Will ex-
| pend a great deal OF money In Improve
| ments The streets Will have the oest
| paving and cement walks Will be, put
| down The sides OF tho streets VIII be
| parked, The topography or the property
| will be changed TO make 1t most con-
| genial and beautiful.
Drive Macadamized.
1.-The Government some months ago
| mncadamized Penrose drive from the gar
| rison building to the end OF Fort Douglas
| avenue The company will continue the
| paving of this avenue, a distance or z, fS
| feet. Tho plan for the new Fort Douglas
with with parks on each side OF the walks
| which will be made of cement.
Lights Will Be Strong.
"All sprinkling of streets will be done
| by tho company. and thereby we will not
| be dependant on the city service Tho
| street will be lighted through to Fort
| Douglas The lights to be used will be
6ooo-candle power each and will be the
largest electric lights in use west OF
| New York City.
Artistic Designs.
"The entire property Will be prepared
| frances Here and there will be built
pagodas. where people may rest or, wall
| for street cars. In brief. the general ides
| OF the modern high-class suburb VIII bt
carried out. club for tho comfort Of
the residents of Popperton Place will bt
built Here the ladies may give after
| functions may be held. 1t will be a fam
| lily club.
IT hopo to have instruction in a few
DAYS from New York to let contracts fol
| tho paving OF Fort Douglas avenue:
| have been interested in Popperton Place
| for seventeen years, and my desire hat
been in that time to make tho suburb the
finest place in Salt Lake, The compan!
| Is now to realize this hope 1t is yer,
| gratifying to me to have succeeded II
| carrying out these plans"
Withdrawn From Market.
Judge Colborn laid especial stress or
| the fact that the land OF Poppertor
| Place was now withdrawn from the mar
ket and was not for sale at any price
| In conclusion. he said when the lanc
| Is finally opened to the public II Will bt
| when all tho improvements mapped ou
have been accomplished. An invitation
| will then be sent out by the company Il
the public and the land placed on the
| market
Record-Breaking Transfer.
The transfer OF this stock Is tn,
| largest investment ever made in Salt Lake
| real estate by Eastern people. People ir
| the East are turning toward Salt Lake
and Utah. Salt Lake promises to be on,