But just behind that up-and-running front of Water’s Edge is a half-finished condo building with an exterior of exposed plywood and tattered house wrap. The unfinished building is a far cry from the expansive vacation units and glitzy amenities — including a hotel, indoor water park, valet boat service and an outdoor concert stage — promised inthe resort’s renderings. And now, the Securities and Exchange Commission is accusing developer Utah Regional Investment Fund, led by Christofer Shurian, of fraud — pointing to the wide gap between what Water’s Edge is today and what investors and the U.S. government were promised it would be by now.
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