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

It's Time For Comic-Con!

The annual pop culture convention underway in San Diego is not just for comic books — it brings the biggest stars from film, television and books together with their fans to talk about upcoming, and vintage, work.
NPR

The Weird, Underappreciated World Of Plastic Packaging

So much of the food we eat these days is encased in plastic. And behind it is a whole lot of research and innovation. We dive into some of the materials that keep food fresh and portable.
WAMU 88.5

Catania Asks Bowser To Return Money Linked To Troubled Housing Complex

D.C. mayoral contender David Catania says fellow candidate Muriel Bowser should return campaign contributions linked to a troubled housing complex in Southeast D.C.
NPR

The Weird, Underappreciated World Of Plastic Packaging

So much of the food we eat these days is encased in plastic. And behind it is a whole lot of research and innovation. We dive into some of the materials that keep food fresh and portable.

Leave a Comment

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