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

This Weekend, Experience The Enduring Power Of 'The Millstone'

Margaret Drabble's The Millstone, set in the 1960s, tells the story of a young, unmarried woman who finds herself pregnant. Author Tessa Hadley says this 50-year-old novel is a weekend must-read.
NPR

Italian Cheese Lovers Find Their Bovine Match Through Adopt A Cow

The cheeses of the Italian Alps are prized for their flavor. But the tradition of cheese-making here is dying off. Now remaining farmers are banding together around an unusual adoption program.
WAMU 88.5

Hogan's Pick For Transportation Secretary To Get Second Day Of Scrutiny

Lawmakers in Maryland's executive nominations committee didn't get in all the questions they had for Pete Rahn during his confirmation hearing last week, so they will take another pass Monday.

NPR

A Neuroscientist Weighs In: Why Do We Disagree On The Color Of The Dress?

Robert Siegel speaks with Dr. Bevil Conway, a neuroscientist at Wellesley College, about the dress that has the whole Internet asking: What color is it?

Leave a Comment

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