Greek Peak Up For Sale
1/11/2013 (Updated 10:57:47 PM)It's been rough sledding at Greek Peak--but there could be a big turnaround underway.
Just months after it almost went out of business, business has doubled at the mountain resort--as it looks for new owernship.
New York Senator Charles Schumer, who helped lined up $2 million in financing from the federal deposit insurance corporation for Greek Peak, visited the resort Friday. That money is allowing the resort to stay open this season and continue to employ about 1,000 people.
The FDIC is now putting Greek Peak up for sale, a process that could include current owner Al Kryger.
"But now the law requires them to go through a sale process, Al can be apart of that sale process. We want that to be done thoroughly but expeditiously, then we want the FDIC to work things out to help Greek Peak carve a successful future ski season for it's owners and guests for years to come," said Schumer.
"He has backed doing whatever he can in central NY particularly in this case Greek Peak and the jobs here and the potential going forward to create more jobs," said Kryger.
Schumer worked to have the FDIC step in last year when Greek Peak's lender went under. He says the FDIC must work with the resort to find an owner who would ensure Greek Peak's long-term financial health.
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