May 11, 2020

Landfill near Great Salt Lake is underwater financially

By Leia Larsen

A controversial but still-empty landfill on the tip of Great Salt Lake’s Promontory Peninsula appears to be drowning in financial trouble.

Last month, Box Elder County received notice that Promontory Point Resources had failed to make a March 25 payment on its $16.3 million bond. The Salt Lake Tribune has confirmed PPR missed its April payment as well. One of PPR’s contractors, Whitaker Construction, filed a $119,362 lien against the landfill earlier this year. The company is also months past due on $115,000 in payments to three other vendors.

Those events have thrown Promontory Point Resources into default on its bond, which the landfill operator secured with approval from the Box Elder County Commission.

“It’s up to Promontory to work out details with the bond holders,” said county Commissioner Jeff Scott. “These kinds of things happen, especially in the market we’re in with the coronavirus and things shutting down. I’m sure they’ll work it out.”

Click here to continue.