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.
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