Lansing, MI-January 22, 2015– State Sen. Wayne Schmidt congratulated Boyne City and Boyne Valley Township on Thursday after the municipalities were awarded $328,000 in Community Development Block Grant (CDBG) funds by the Michigan Strategic Fund (MSF) for infrastructure improvements to the Boyne Mountain Alpine Coaster.
“This is great news for Boyne, its employees and all who enjoy the company’s resorts,” said Schmidt, R-Traverse City. “This grant will go a long way toward completing this important expansion project, help create jobs, and contribute to recreational opportunities for generations to come.”
The project will expand Boyne USA operations by constructing 18 condominiums and an alpine mountain coaster. The funds will be used to upgrade a sewer line, which is a critical step in proceeding with the expansion. The project is expected to generate a total capital investment of nearly $5.2 million and create 38 jobs. The city and township are responsible for contributing $116,600 in matching funds.
Boyne USA is a northern-Michigan-based collection of year-round mountain resorts known for great skiing, golf, and spa activities. Boyne also includes retail stores and real estate opportunities.
The MSF, in cooperation with the Michigan Economic Development Corporation, administers the economic and community development portions of the CDBG program. CDBG is a federal grant program utilizing funds received from the U.S. Department of Housing and Urban Development.
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