Another Resort, This Time of the Ski Variety, Sees a Purchase at Auction for $2.2 Million; Plan to Reopen
By Connect-Bridgeport Staff on November 25, 2019 via Connect-Bridgeport.com
According to MetroNews, an Indiana ski resort has purchased Timberline Four Seasons, with plans to reopen the property for the 2020-2021 ski season.
Perfect North Slopes, in Lawrenceburg, Indiana, made the second-highest bid in an auction held Tuesday in Philadelphia. First Asset Holding placed the winning bid of $2.2 million but agreed to transfer the bid to Perfect North Slopes for $30,000.
Timberline filed for Chapter 11 bankruptcy protection in April.
Joe Stevens, director of the West Virginia Ski Areas Association, called Wednesday’s announcement “great news for the ski industry in West Virginia.”
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