Advertisement

Spokeswoman says 'meaningful' bids made on Whitetail

August 02, 1999|By DON AINES

MERCERSBURG, Pa. - Some "meaningful bids" have been received for Whitetail Resort, according to a spokeswoman for the Montgomery Township ski resort.

"It's looking very much like there's a serious buyer in there," Whitetail spokeswoman Rachel Nichols said Monday. The deadline for receiving offers for the ski resort and associated properties was Friday.

"They were looking closely at two particular ones," Nichols said about the bids received by the McShane Group of Timonium, Md., which is handling the sale of the resort. She said at least four bids were received.

For the last three years, the resort has struggled with warmer-than-normal winters, and the investment group that owns the resort has been trying to sell the property.

Advertisement

Earlier this year Whitetail was put up for auction after an attempt to sell it to the Mercersburg General Purpose Authority fell through. The authority withdrew its bid after it was unable to sell $42 million in tax-exempt revenue bonds to finance the project.

Last year, efforts to sell the resort to the Dauphin County General Authority and the Northumberland County General Authority also failed. The Dauphin County General Authority owns an 18-hole golf course and conference center that are being developed near Whitetail.

About 600 acres of residential development land was available at auction and bids could also be offered for the golf course, Dauphin County General Authority Executive Director Gregory J. Ricci said last week. The golf course complex is expected to be completed next year.

Nichols said it will be a week or more before Whitetail Ski Co., the investment group that owns the resort, announces whether a bid has been accepted.

The Herald-Mail Articles
|
|
|