Yeah, so did I. The debt load DID put it into bankruptcy when the bank holding Greek's line of credit went tits up in the "Great Recession". The regulators called the loan and Greek didn't have (or just didn't come up with) the cash.I'll say that I'm impressed the place is still open. When they built it I thought for sure it wouldn't make it 10 years due to the debt load it created. I guess it did put the place into BK, but it seems to be doing good now?
But never mind all that... It's all good. The current owner got it thru an auction where nobody else was seriously bidding against him (and his former partner). They got it for a song and the bankruptcy erased all the debt Al and Wes had accumulated since 1960.
Lately management seems to be making smart decisions. Janky old beginner Chair 2 was replaced by a (newish) 3 person chair that has a variable speed motor that everyone seems to really like. And since the original length of the newish chair was about a mile, there are enough spare parts left over (towers, wheels, and other things) to provide spare parts for existing elderly chairs. Three new snowmaking pumps, a new pump house and new air and water lines along Karyatis, Meadow, Stoic and Chairs 1 and Visions have been cranking out more snow than Greek has ever been able to before. Now they need to replace more of the ancient pipes sitting under the rest of the mountain.
Hopefully John will avoid the old adage that owning a ski area can make a small fortune out of a large one!