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Snö Mountain Sheriff's Sale in July
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Forums : NELSAP Discussion : NELSAP Discussion
Moderated by: Chris, nelsap, Betsy, the_hop |
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Snö Mountain Sheriff's Sale in July
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| Author | Post |
bousquet19Profile | Galleries Rank: 
Member Since: Posts: 1813 Location:  |
Posted: Jun 29, 2012 - 5:02 AM GMT The bank that holds the mortgage on the Snö Mountain ski resort and Snö Cove water park has foreclosed on the property, which is scheduled to be sold at a sheriff's sale next month . . . Link __________ "Our lives begin to end the day we become silent about things that matter." |
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nepa_9939 Profile | Galleries Rank:
Member Since: Posts: 158 Location:  |
Posted: Jun 29, 2012 - 1:13 PM GMT This is not surprising. I'll be interested to see what happens. IMHO: The cause of the demise was the water park. It was too much too soon. They should have waited 10 yrs before that made a capital investment of that size. The ski area has potential. It just needs the right owner. __________ End this Phony Drug War |
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millerm277 Profile | Galleries Rank:
Member Since: Posts: 1133 Location: |
Posted: Jun 29, 2012 - 1:30 PM GMTEdited: Jun 29, 2012 - 1:33 PM GMT I said it last time we saw this. The paper is extremely biased (no idea why, but things are strange politically in Scranton), and I've heard from a reliable source that it's going to be taken care of/negotiated/whatever before the sale. They are definitely in significant debt, however they're also doing very well business-wise, they've been getting great crowds, and from what I've heard, that waterpark is doing pretty well, surprisingly. EDIT: That said, I don't know how they're ever going to pay that much debt off, $5 million is lot of money to make from a small ski area. |
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sugarloaf Profile | Galleries Rank:
Member Since: Posts: 510 Location: |
Posted: Jul 01, 2012 - 4:14 PM GMTEdited: Jul 01, 2012 - 4:15 PM GMT On a side note to struggling ski areas I read that Bear Valley in California will not operate for summer activities and has laid off several employee's. |
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trackbiker Profile | Galleries Rank:
Member Since: Posts: 1648 Location:  |
Posted: Jul 18, 2012 - 4:14 AM GMT Sno Finds Additional Financing |
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bousquet19 Profile | Galleries Rank:
Member Since: Posts: 1813 Location: |
Posted: Jul 19, 2012 - 12:17 PM GMT Sounds like good news. A long road ahead, though. Woody __________ "Our lives begin to end the day we become silent about things that matter." |
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