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RESORT WON’T GET U.S. FUNDS

SHARE RESORT WON’T GET U.S. FUNDS

Money to build the infrastructure of a year-round resort on Maple Mountain in Provo will have to come from somewhere other than the federal government.

An application for a $6.65 million Urban Development Action Grant has been withdrawn by the city and Victor Borcherds, owner of Seven Peaks Resort, said Ron Madsen, Provo's redevelopment director."The problem was twofold," Madsen said. "They (Seven Peaks) were not able to put the data in the format the federal government wanted . . . and the Forest Service permit process had not been completed."

The grant would have been used for construction of power, sewer and water lines at the resort. But Borcherds does not believe failure to secure the federal loan presents any problems for moving ahead with plans for the resort.

"We believe Seven Peaks ought to stand on its own feet," Mayor Joe Jenkins said. "Seven Peaks will be able to fund it out of their own pockets. That is probably the way it ought to be."