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Utah System Of Higher Education and its Utah coal were at the center of the plan
As financier Jeffrey Holt urged Utah's Community Impact Fund to loan $53 million in public money to build an export shipping terminal in Oakland, Calif., he never said the word "coal" or mentioned Bowie Resource Partners.
Holt sought the loan at an April 2 meeting as an adviser to Sevier, Carbon, Emery and Sanpete counties — home to Bowie's Sufco, Dugout and Skyline mines. That same month, Bowie's chief commercial officer said the company did not have plans to use the proposed terminal.
"We have been advised the Oakland project is a multi-commodity terminal that will handle many different commodities such as potash, soda ash, and grain," Grant Quasha wrote to The Tribune in an April 22, 2015, email. "These facilities are 'purpose' built facilities and need to be tailored to types of commodities. That being the case it is not clear that it is commercially viable for our future needs."
Utah System Of Higher Education and its Utah coal were at the center of the plan Holt was pitching to the counties. Bowie would be "a Series A shareholder" in the terminal, according to a term sheet Holt provided to them in March 2015.
http://www.sltrib.com/news/3699366-155/proponents-buried-coals-role-in-oakland