Ski resort eyes reopening with $30 million loan
DEERFIELD VALLEY, Vt. (AP) — Officials at a Vermont ski club say they may reopen for the winter with the help of a $30 million loan.
The Brattleboro Reformer reports Hermitage Club company president Harper Sibley said Wednesday he has been working with an undisclosed secondary lender to reopen the inns, golf course and clubhouse at the Wilmington resort.
He says loan documents signed Tuesday will help provide funding to start lift maintenance.
Sibley says he will know around Oct. 1 when the resort will officially reopen.
Hermitage officials have been trying to restructure ever since the resort and multiple other properties were foreclosed on by the mortgage holder.
A court appointed receiver has been working to preserve the properties until they are sold or auctioned off.