Bankruptcy Sale Of Maryland's Only Ski Resort Approved | WAMU 88.5 - American University Radio

WAMU 88.5 : News

Filed Under:

Bankruptcy Sale Of Maryland's Only Ski Resort Approved

Play associated audio
The Wisp ski resort in Garrett County will now be under new ownership.
http://www.flickr.com/photos/lin/5767067/
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

New Technology Immerses Audiences At Sundance Film Festival

From flying like a bird to walking through a refugee camp in Syria, virtual reality has enabled journalists, filmmakers and artists to immerse their audience in their stories like never before.
NPR

Sandwich Monday: Girl Scout Cookie Coffeemate

For this week's Sandwich Monday, we try Girl Scout Cookies in a new form. Coffeemate has somehow blended them into nondairy creamer, so you can start your day the disturbing way.
NPR

At Koch Summit, A Freewheeling Debate Among GOP Hopefuls

Do billionaires have too much influence in both major parties? Three top Republican presidential prospects say no.
NPR

Intended For Millennials, Dish's Sling TV Is A Cord Cutter's Dream

Dish Network soon debuts its Sling TV streaming service, with a small group of cable channels for $20 a month. NPR TV Critic Eric Deggans tried it and says Sling TV is a welcome challenge to cable.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.