We've talked previously about this Project--Mayflower. It is located BELOW Bald Mountain at Deer Valley, and BELOW Sultan Express. It is in between U.S. 40 and Deer Valley Resort.
Apparently they are getting $250-260 million in bonds to "accelerate" construction. In other words, it sounds like they ran out of money. Apparently they have $170 million raised for other construction. So in total they have about $430 million invested or to be invested so far.
Of that, the money is being allocated as follows: "115 million to the moral welfare recreation conference hotel" and $53 million for other hotels.
The apparent total for this project is $3.2 billion. At least according to UN. Consider the source. That seems like an awful lot of money and really raises my antennae as to what is going on here. To put it in perspective, we just built the new SLC Airport for $4 billion.
The Park Record's Story (more credible):
Apparently they are getting $250-260 million in bonds to "accelerate" construction. In other words, it sounds like they ran out of money. Apparently they have $170 million raised for other construction. So in total they have about $430 million invested or to be invested so far.
Of that, the money is being allocated as follows: "115 million to the moral welfare recreation conference hotel" and $53 million for other hotels.
The apparent total for this project is $3.2 billion. At least according to UN. Consider the source. That seems like an awful lot of money and really raises my antennae as to what is going on here. To put it in perspective, we just built the new SLC Airport for $4 billion.
Mayflower Mountain Resort in Utah Receives $250 Million in Bonds to Ramp Up Construction
"The New York-based developer pursuing the project, Gary Barnett, flew in to attend the MIDA board meeting on Tuesday, telling officials he was 'very,
unofficialnetworks.com
The Park Record's Story (more credible):
Mayflower Mountain Resort to receive up to $260 million in MIDA-approved bonds
The military authority overseeing the construction of the proposed Mayflower Mountain Resort has approved up to $260 million in bonds to help finance the project.
www.parkrecord.com