“I love everything about this proposal. This is exactly why we were created and is exactly our purpose.”-Mike Ostermiller, Utah Military Installation Development Authority board member.
It sounds like Sundance Mountain Resort will be getting a new hotel.
The Salt Lake Tribune reports that Sundance Mountain Resort plans to build a sixty-five-room inn. They applied for funding from Utah’s Military Installation Development Authority (MIDA), which helps with the development of land that benefits military members.
Yesterday, MIDA approved this proposal, meaning tax-payer money will be used to build the hotel, albeit not the whole $35 million price tag. The MIDA funds will be going towards “the hard costs associated with Sundance Inn construction.” As part of the deal, Sundance will be adding benefits to veterans. The lodging will be free for wounded veterans, and the building will be ADA-accessible. Sundance will also be creating a veteran’s program, allowing those who served a place to unwind and heal.
This isn’t the first time that the Military Installation Development Authority (MIDA) has been involved with a ski resort development. They’re developing the base village around what was known as Mayflower Resort. The terrain around this development will ultimately become part of Deer Valley Resort.
The $35 million hotel is a joint partnership between Sundance Mountain Resort and Utah County. This move is Sundance’s next step in becoming Utah’s next destination ski resort. Since Broadreach Capital Partners and Cedar Capital Partners bought the ski resort from Robert Redford in 2020, they have spent millions to modernize the ski resort. This has included adding new chairlifts, a terrain expansion geared toward beginner and intermediate guests, and more.
The $35 million hotel will still need private investment to move forward, although that seems more likely with this news.
Image Credits: Sundance Mountain Resort
