Tuesday, March 11, 2014
The Associated Press
ENFIELD, N.H. — The assets of New Hampshire's Whaleback Mountain ski area have been sold at auction to the bank holding the mortgage on the property.
The Valley News reports that Thursday's auction in Enfield attracted minimal interest. Randolph National Bank was the sole bidder, offering the reserve price of $848,000 for the 154-acre property.
The ski area, which founded as Snowcrest in 1955 and took on its current name in 1968, closed in March after failing to attract new investors.
The bank will now try to find prospective buyers, and officials said several people have expressed interest.
John Schiffman, who leads a nonprofit formed earlier this year to raise money to run the area, says he's optimistic that Whaleback will be operating again this winter.