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Utah commission OKs $10 million loan for military hotel project's roads

Utah commission OKs $10 million loan for military hotel project's roads

(KSL File)



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HILL AIR FORCE BASE, Utah (AP) — A Utah commission has approved a $10 million loan to build roads for a hotel associated with the U.S. military to be built near a large Park City ski resort.

The Standard Examiner reports the Utah State Transportation Commission approved the loan to the Military Installation Development Authority on Dec. 15.

The hotel is a project of the authority, Extell Development Co. and Hill Air Force Base. The authority is a Utah political subdivision.

The hotel will be open to non-military guests but a set number of discounted rooms will be available for military personnel.

The Utah Legislature authorized the funding in 2017 as part of a broad transportation finance measure, but it was up to the transportation commission to grant final approval based on a request by the authority.

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The Associated Press

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