The City Council has voted to acquire 35.5 acres from the state for $265,942 and then sell it to Heritage Mountain officials for the same amount.
City Attorney Gary Gregerson said Heritage Mountain developers intend to build a water slide at the site east of Provo as a phase one project.He said that because the state doesn't want to sell property to individuals, it is necessary for Provo to purchase the property from the state and then sell it to Heritage Mountain.
The council authorized the city to acquire the land, declare it surplus property and then dispose of it through sale to the developers.
Phase two of Heritage Mountain includes a ski resort that will feature a funicular transportation system capable of moving 4,000 people per hour to an altitude of 7,700 feet.
Developers have worked for almost 20 years to build the four-season multimillion-dollar resort. The project has gone through repeated cycles of losing its financial backers, losing its Forest Service permits and then being revived by new developers, who start the cycle over again.