The former Telemark Resort is one step closer to being purchased and re-developed.
On Monday, the study and feasibility analysis was presented to the town of Cable and Bayfield County.
The study, which would help potential buyer HK Hospitality LLC purchase the property, confirmed the project's potential.
The redevelopment would increase economic development in the region.
In order for the project to move ahead, the Wisconsin state legislature will now need to declare the area a Tax Increment Financing District... which would allow investors to self-fund the last portion of the project.