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The Wisp ski resort in Garrett County will now be under new ownership.
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.
NPR
Cannes Film Festival Keeps Kenneth Turan Coming Back
David Greene talks with Morning Edition film critic Kenneth Turan about some of the movies at this year's Cannes Film Festival in France. They include a standout from American director Alexander Payne called Nebraska. Turan first covered the movie festival 42 years ago.NPR
In Raw Milk Case, Activists See Food Freedom On Trial
Activists say the case against Wisconsin dairy farmer Vernon Hershberger is about raw milk — and much more. His supporters have turned the case into a rallying cry for personal food freedom and the rights of farmers and consumers to enter into private contracts without government intervention.NPR
IRS Official's Silence Riles House Committee Members
On Wednesday, Lois Lerner, the IRS official overseeing the tax-exempt organizations office, refused to testify during a hearing on Capitol Hill, and was attacked by some Republicans on the House committee. Her brief appearance was the beginning of a five-hour session marked by angry outbursts and allegations of political motives.NPR
How That 'Nigerian Email Scam' Got Started
You've probably seen it in your inbox before: Someone who claims to have come into a fortune needs your help. You can share in the profits — if you send along a deposit or your bank account number. Boston Globe correspondent Finn Brunton talks about the history of the "Nigerian prince" or "419" scam, which actually got its start long before email.Leave a Comment
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