Judge Approves Sale of Geneva Steel Land

Deseret News (Salt Lake City) › November 23, 2005

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Summary

A bankruptcy judge on Tuesday approved the sale of Geneva Steel's 1,700 acres to a Sandy-based developer for $46.8 million.

Last week, Anderson Development LLC came away as the highest bidder in an auction for the Vineyard-based industrial site. The Sandy developer beat out a bid of $46.6 million by Utah Lake LLC, which had the financial backing of New Jersey-based Prudential Real Estate Investors.

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Extract

Judge Approves Sale of Geneva Steel Land

Michael Hutchings, an attorney for Anderson Development, said the property eventually will be developed in smaller sections encompa...

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