It's not often we have major construction up at Bear Lake. I guess the Logan area would be the closest Metroscape to this development.
Developers unveil plans for $42 million resort at Bear Lake
GARDEN CITY, Rich County — This small vacationers' town on the shores of Bear Lake could soon see a big change.
Plans for a $42 million resort at Bear Lake — which will include condos, a hotel and retail and business space — were unveiled Thursday.
Waters Edge Resort will include an 84-room full service hotel, 70 privately owned condominiums, and 40,000 square feet of retail, restaurant, and office space plus a 5,000 square foot conference facility.
"That's why we're doing better than any state in America,” said Utah Gov. Gary Herbert, who joined local leaders for the announcement. “The opportunity of risk, reward that we applaud ... We like the entrepreneur."
And in this case, the entrepreneurs are from Vietnam.
"Because in Utah, the economy is very good, but the lifestyle is very affordable right now,” said investor Hai Huynh. He lives in South Jordan, but many of his business partners who are investing big money are in Vietnam.
"They don't know where Utah is,” Huynh said. “People in Vietnam only know Las Vegas, Los Angeles, New York.”
The state of Utah recently opened up those opportunities to foreign investors through a special visa. Garden City Mayor John Spuhler said that could lead to some positive growth in this town of less than 600...
An artist's rendering of the Waters Edge Resort, a new $42 million lakeside resort to be located in Garden City on the shores of Bear Lake. (, )