IRON MOUNTAIN — The Great Lakes Sports Commission has approved funding assistance for the Pine Mountain Ski Hill in Iron Mountain to promote World Cup ski jumping and for the Traverse City Horse Shows LLC to move the American Gold Cup from New York City to Traverse City.

The GLSC entered a participation agreement with First National Bank & Trust of Iron Mountain for $3 million to be awarded to the Kiwanis Ski Clubs for renovations to Pine Mountain. The renovations will enable the community to host FIS World Cup ski jumping competitions in 2022. The investment will generate a minimum of $15 million in additional economic activity for Dickinson County.

The ski club plans to use the funds to make upgrades to the historic venue to meet current International Ski Federation guidelines, which include erecting a new slide and track, lighting, warming hut and judges tower.

The GLSC also OK’d a match-grant amount of $250,000 for the move of the American Gold Cup. Competition organizers plan to extend the one-week event to two weeks and expand from hosting only jumping competitions to include hunter and equitation competitions.