Seven Peaks Resort didn't meet a U.S. Forest Service deadline to supply proof of their financial ability to build a ski resort on National Forest land east of Provo.
But Seven Peaks said the information is coming and the Forest Service appears willing to wait for the information, despite the New Year's Eve requirement.In the next few days, Seven Peaks expects to have the information the Forest Service requires, said the resort's Director of Mountain Operations Kent Compton.
Preliminary information has been given to the Forest Service but not the documentation required before construction can begin, said Uinta National Forest spokeswoman Loyal Clark.
The Forest Service will look at the documents when Seven Peaks supplies them, she said. At that time, a decision will be made about issuing a permit for the construction.
The master plan for the ski resort has already been approved but, before construction can begin, two more major permits are required. The resort needs a permit from the Bureau of Air Quality and the Forest Service's approval of the resort's financial capability.
The Forest Service does not require Seven Peaks to have $30 million, the amount necessary to build the resort, in a bank account. Instead, documents that show the ability to finance the complete project are required. Compton said Seven Peaks is obtaining "performance bonds" from the major contractors for the resort to guarantee work begun will be finished.
Last week Compton and owner Vic Borcherds flew to Steamboat and Grand Junction to obtain performance bonds from the two Colorado-based contractors. The contractors have been selected to build the ski lifts and the track for the funicular.
A funicular is a mountain railway with cars pulled up and down the mountain on a pulley system.
The funicular is being built by an Austrian firm. Seven Peaks Controller Steve Yeoman is in Austria to obtain documents required by the Forest Service.
Compton said the holidays delayed the completion of the paperwork required by the Forest Service. For example, Yeoman was not able to get into the necessary offices in Austria until after New Year's Day. Yeoman is expected back in Provo in the next few days.
The Utah Bureau of Air Quality is looking over an air quality study completed for Seven Peaks Resort. The study claims the resort will not contribute to violations in air quality standards in Provo.