Contact Us

Elmira Men Place Highest Bid for Greek Peak Resort

Photo by Kathy Whyte

It looks like Greek Peak Resort in Cortland County may soon get new owners who hail from the Southern Tier.  Elmira businessmen Marc Stemerman and John Meier placed the highest bid of $6.76 million at a private auction March 19th,  in which bids were placed over the course of eleven hours.The bankruptcy court accepted the Elmira men’s bid and closing is set for April.

Greek Peak Ski Resort, Hope Lake Lodge and Peak Resort’s indoor water park in the town of Virgil fell into bankruptcy when an unseasonably mild winter in 2011-2012 curtailed the ski season and Greek Peak’s chief lender, Tennessee Commerce Bank was taken over by the Federal Deposit Insurance Corporation.

Stemerman and Meier say they plan to make some improvements to the property in the future but the specifics were not available.

Best of WNBF

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://wnbf.com using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for News-Breakers Club quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive News-Breakers Club contests, events, coupons, presales, and much more delivered to you for FREE.