Zions First National Bank of Utah set to Auction Mortgage Against West Mountain Ski Area

Zions First National Bank of Utah set to auction the mortgage against West Mountain ski area in Queensbury, NY in its Chapter 11 case.  East Slope Holdings LP, the owner of West Mountain, owes $343,375 to the lender.  The auction’s starting bid is listed as $100,000. Any winning bidder in the online auction, set to run from November 19 to 21, would become a creditor in the ski area’s bankruptcy proceeding. West Mountain’s assets total $1.8 million and liabilities $4.8 million, according to the bankruptcy petition. The resort’s website www.westmtn.net is presently offering limited functionality, with a message indicating that it is being redesigned. Although it indicates that the mountain is under new management and season passes priced from $99 to $299 are being sold, a highlighted line contains the caveat that purchased season passes are refundable if the resort does not open for the 2013-14 winter season.

Out of Bankruptcy and Into the Green – Greek Peak’s Hope Lake Lodge Gets LEED Certification

Now out of bankruptcy, New York’s Greek Peak ski resort has received Leadership in Energy & Environmental Design, or LEED, certification from the U.S. Green Building Council for its Hope Lake Lodge & Acropolis Convention Center.  As an internationally recognized mark of excellence, LEED provides building owners and operators with a framework for identifying and implementing practical and measurable green building design, construction, operations and maintenance solutions. The new owners have not stopped there.  They are also building the only double black diamond glades run in Central New York. “Labyrinth” will be located between the existing Hercules and Trojan ski runs.

Whaleback Ski Set to Reopen in New Hampshire

Whaleback Ski Area in New Hampshire has reportedly entered an agreement to be reopened and operated by a non-profit accortding to First Tracks.  The resort closed last year under the crunch of millions in debt accrued by past ownership over the years.  Randolph National Bank purchased Whaleback at auction in August. A goup called the Upper Valley Snow Sports Foundation (UVSSF) has now applied for non-profit status with the Internal Revenue Service, negotiated a lease agreement with Randolph National and plans to purchase the 700 vertical-foot, 85-acre resort outright from the bank by May.  The UVSSF has said that family friendly, affordable skiing and riding remains their top priority