Lake Restoration Solutions confirmed to FOX 13 News on Wednesday it no longer has the money to carry out the multi-billion dollar project.
The company filed permits to dredge the lake and build islands for housing, habitat and recreation with the sediment. Lake Restoration Solutions argued it was to help with the lake's recent environmental problems. Utah's Division of Forestry, Fire & State Lands rejected the permit, declaring the project did not pass constitutional muster and would be"detrimental" to the citizens of Utah.
Dr. Abbott has counter-litigation running against the company. In an interview with FOX 13 News on Wednesday, he said he was exploring his options. But he also said people need to be vigilant about the next land development project for Utah Lake. For its part, the Utah Division of Forestry, Fire & State Lands said it was disappointed the case ended so quickly without a final verdict. A judge recently dismissed part of the company's lawsuit against the state, but not all of it.
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