Resort gets funds for tubing
By DON AINES
Staff Writer, Martinsburg
BERKELEY SPRINGS, W.Va. - Gov. Cecil Underwood Monday announced more than $1 million in low-interest loans for state businesses, including $150,000 for a snow tubing facility at Coolfont Resort.
President and CEO Martha Ashelman said the Berkeley Springs resort plans to show off the snow tubing runs for the press on Dec. 20 if the weather cooperates. She said it has 10 runs of 850 feet each and a lift to take the tubers back up.
"We borrowed $400,000 from Citizens National Bank and the state is willing to guarantee 45 percent of that," Ashelman said. The state loan will allow the resort to pay off part of its indebtedness at a lower interest rate.