Tuesday, July 31, 2012

Developers unveil plans for $42 million resort at Bear Lake

This small vacationers' town on the shores of Bear Lake could soon see a big change.

Plans for a $42 million resort at Bear Lake — which will include condos, a hotel and retail and business space — were unveiled Thursday.

Waters Edge Resort will include an 84-room full service hotel, 70 privately owned condominiums, and 40,000 square feet of retail, restaurant, and office space plus a 5,000 square foot conference facility.

The state of Utah recently opened up those opportunities to foreign investors through a special visa. Garden City Mayor John Spuhler said that could lead to some positive growth in this town of less than 600.

He said the resort will be good for the business community and will strengthen its economy as well. The project will create an estimated 400 jobs. Deseret News