Image From nyskiblog.com
Last week, Willard Mountain filed for Chapter 11 bankruptcy protection after its owners lost a costly legal battle with the family who owns land at the base of the New York ski area.
The ski area, which has fallen on hard times as of late, is appealing the court decision, which says that they underpaid land owners and must make back payments in the amount of $300,000 to satisfy their lease. The result?
Willard Mountain’s lease could be terminated, leaving the ski area outside of Easton, NY unable to continue operations in the long term. Charles Wilson and his wife, who have run the ski area since 1994, are planning to sell the mountain once their bankruptcy case is closed. According to the Times Union, the ski area, which is currently valued at $518,868, does not include land at the base area, which has been the subject of their legal troubles.