The private developer partnered with CSU to build a $500 million wind farm near the Wyoming border is "actively" working to get the project back on track after being given 60 days to sort things out, CSU officials say.

Wind Holding LLC was notified in July that it was in danger of seeing its deal with the university's nonprofit development arm cancelled because it was financially overextended and facing construction liens from its vendors.

The Colorado State University Research Foundation gave Wind Holding 60 days to remedy the situation. The deadline arrives Friday. If the deadline passes and Wind Holding hasn't satisfied CSURF, the university will find a new partner.

"We know that they're actively working on the issues at this point. They know the deadline, and we expect that we will be in dicussions with them toward the end of the week," said Bill Farland, CSU's senior vice president for research and engagement

According to its contract with CSU, Wind Holding is to build a wind farm at the university-owned Maxwell Ranch near the Wyoming border. But Wind Holding has not yet submitted its construction permit application to Larimer County and has already made a $50,000 payment to CSURF as a result of delays. The company also paid CSURF $50,000 when the lease was first signed.

The wind farm was initially projected to be up and running next year, although CSU gave Wind Holding up to eight years to actually finish the project. Wind Holding planned to erect 100 windmills on Maxwell Ranch. Each turbine would be mounted on a 292-foot-tall tower and have three 147-foot-long rotor blades for a total height of about 439 feet.

Wind Holding officials have not returned repeated requests for comment.

Larimer County residents who live near Maxwell Ranch are opposing the project on the grounds it will spoil their views and bring too much heavy equipment into the area during construction.