A bankruptcy court judge has approved the sale of Maryland's only ski resort for more than $23 million.
Earlier this week, a judge in Greenbelt approved the sale of the Wisp resort to EPT Ski Properties. The judge also approved the sale of a golf course and other land to National Land Partners for $6.1 million.
The resort filed for Chapter 11 bankruptcy protection in 2011 after defaulting on nearly $30 million in loans it had received from BB&T Corp. of Winston-Salem, N.C., to build a golf course community near the ski hill. Home sites in the Lodestone golf-course development didn't sell as well as expected.
Formal closing dates for the sales are expected in December.