The iconic Prospect Mountain nordic ski area has been sold to a newly formed non-profit organization- Prospect Mountain Association- on September 19.
The sale includes the 5 buildings at the ski area, 144 acres, all the tools and contents including the grooming machine, cell tower revenue, and the business. The sale price was $900,000.
“We feel that this is a great development for the economic and recreational health of our area” commented PMA president, Dave Newell. “It was a great team effort with a lot of moving parts. We know now that Prospect will be preserved for future generations in our area. However, our efforts are still ongoing to complete our capital campaign which is critical to the success of our mission.”
The group’s fund raising goal is $265,000 which is needed to pay off a mortgage held by one of the former owners, Steve Whitham, a loan from the Vermont Land Trust, and raise some working capital. To date they have raised $150,000 in cash and pledges.