Rushski
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From the Nashua Telegraph:
Ragged Mountain sold to developer
DANBURY (AP) – The financially struggling Ragged Mountain ski resort has been sold to an out-of-state developer.
RMR-Pacific, an affiliate of Utah developer Pacific Group, has purchased the ski area and 18-hole golf course. The sale price was not released, but court documents from earlier in the year note a proposed purchase price in the $10 million range.
The developer is purchasing Ragged Mountain from Al and Walter Endriunas, who defaulted on a loan and faced foreclosure before they found a buyer.
Town officials say the sale is good news because Ragged Mountain is Danbury’s largest taxpayer.
Ragged Mountain sold to developer
DANBURY (AP) – The financially struggling Ragged Mountain ski resort has been sold to an out-of-state developer.
RMR-Pacific, an affiliate of Utah developer Pacific Group, has purchased the ski area and 18-hole golf course. The sale price was not released, but court documents from earlier in the year note a proposed purchase price in the $10 million range.
The developer is purchasing Ragged Mountain from Al and Walter Endriunas, who defaulted on a loan and faced foreclosure before they found a buyer.
Town officials say the sale is good news because Ragged Mountain is Danbury’s largest taxpayer.