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Greek Peak Ski Resort Future Still Unsettled

Photo by Kathy Whyte

U.S. Senator Charles Schumer says he’s continuing to work to make sure Greek Peak Resort stays open.

The ski resort, hotel and water park fell on tough times with a bit hit coming from a mild winter last year.

January 11th, Schumer visited the resort in Virgil and said he is monitoring the Federal Deposit Insurance Corporation’s actions to sell the facility or work out a payback by the current owner.  Schumer says he wants to make sure the FDIC, which invested $2 million in Greek Peak to keep it open last year, finds a solution that will keep the business in central New York open.

In addition to a snowless winter last year, the resort’s Tennessee lender collapsed and the 50 year old ski destination was forced into bankruptcy.

While there have been a few days of mild weather again over the past week, Greek Peak has had more natural snowfall in the early part of the season than it saw all of last year.  At last report, slopes had anywhere from a little over a foot snow depth to up to 32 inches.

 

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