LDS Church sells Provo River tract to fund for development

A scenic tract of land on the upper Provo River owned by the LDS Church has been bought by a private equity fund than plans to turn the property into a high-end trout fishery and then sell it to another buyer.

Sporting Ranch Capital Management bought the 204-acre property in Summit and Wasatch counties east of Park City last month from Property Reserve Inc., which manages real estate owned by the Corporation of the President of The Church of Jesus Christ of Latter-day Saints. Terms of the deal weren’t announced.

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