From Deseret News archives:
Scenic tram may be reborn
Bridal Veil owners seek tax bond help from county leaders
Their plan is to ask the County Commission to sponsor a $3.2 million industrial revenue bond that would not tax the interest earned by the bond and would not hold the county financially responsible for paying off the bond. Then, if the county approves the process, the Grows will approach developers and investors anyone who would be willing to help financially and ask them to buy the bonds and pay off the debt.
"If we can find anybody, anywhere that will buy (the bonds), I think that will solve our finance problem," said Wyatt Grow, who is working with his father, Dave, to get the project approved. "Frankly, I just enjoy the experience that you can only have at Bridal Veil so much that it would be a success in my mind if (the tram) can pay for itself and stay open."
The popular business known at the time as "the world's steepest tram" was shut down in 1996 when an avalanche destroyed the cable equipment, concessions stand and wheel house where passengers boarded the tram.
The avalanche was a disaster, but Dave Grow says the result was also a blessing in disguise for the aging tram, which was originally built in 1960.
"In many ways the avalanche did us a favor because it said, 'Guess what? This is history. Kaboom,"' Dave Grow said. "So, now we're excited that it can be re-envisioned today with all of the updates of modern technology."
Although travelers have continued to ask over the years about the tram and how to take a ride on it, according to Joel Racker, Utah Valley Convention and Visitor's Bureau president, the Grows were never able to gather steam to reclaim the wreckage until last year.
When Wyatt Grow graduated from college last spring, he spurred his family into trying again.
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