News Formal

Plan to dredge Utah Lake islands appears dead as developer dissolves business

  • 📰 sltrib
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 61%

Business News News

Business Business Latest News,Business Business Headlines

A plan to dredge Utah’s largest freshwater lake and build islands with the spoils appears officially scrapped. And the controversial company, Lake Restoration Solutions, also appears to be defunct.

Controversial company Lake Restoration Solutions appears to be defunct, and so does their dredging project.A plan to dredge Utah’s largest freshwater lake and build islands with the spoils appears officially scrapped.

The move leaves no viable developer willing to pursue a controversial public-private partnership Utah lawmakers once championed. The dredging idea first became public in 2017 when Lake Restoration Solutions, LLC offered to deepen Utah Lake by 7 feet and build islands with the dredged muck — along with homes for up to 500,000 residents on top of them — in exchange for privatizing 16,000 acres of the lakebed.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 316. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Utah Lake island project sinks after company behind proposal dissolvesLake Restoration Solutions, the company proposing to spend billions to dredge Utah Lake and create some 18,000 acres of man-made islands, announced its dissolution this week.
Source: KSLcom - 🏆 549. / 51 Read more »