Sen. Schumer Issues Statement Following Close of Greek Peak Deal
Tuesday, April 23, 2013
Sen. Schumer Issues Statement Following Close of Greek Peak Deal
U.S. Senator Charles E. Schumer is celebrating the fact that Greek Peak’s new owners have finally closed the deal to purchase the troubled resort.
Last Friday Greek Peak’s new owners, Marc Stemerman and John Meier of Elmira finalized the deal to purchase the Resort in Virgil. 
The two businessmen were the high bidders at an auction back in March, they bid $6.7 million for the resort which includes the ski center, Adventure Park, and the Hope Lake Lodge complete with an indoor water park.
Last Friday they finalized the sale, including paying over $1 million dollars in property taxes that were owed on the property, bring the final cost to $7.6 million.
Last month the two men announced that they planned to retain nearly 1,000 jobs at the resort and, hopefully, add new ones during in the future. They said they plan to focus their attention on the ski resort and have indicated they are looking at upgrading the lifts and the main lodge.
Schumer fought to keep the resort and all of its employees up and running since last August when the resorts primary lender was shut down by the F-D-I-C. Schumer was instrumental in securing a $2 million dollar line of credit to keep the doors open.
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