Ski Posted July 3, 2006 Report Share Posted July 3, 2006 *1975-76: Civic groups, led by the Greater Scranton Chamber of Commerce, propose a ski resort and recreational area at Montage. *1975-76: Civic groups, led by the Greater Scranton Chamber of Commerce, propose a ski resort and recreational area at Montage. *1984: The $11.5 million ski area opens in December under the ownership of Montage Inc., a nonprofit company. During the warmer months, a water slide operates at the site. *1990: While operating revenue doubled since 1984, consecutive warm winters add to mounting debt. Both the city and the county step in with financial backing. *1991: With money woes continuing, the county buys Montage for $14.7 million. *1991-96: In its first five years of operation, the county profits three times and loses money twice, with a net loss of $87,000. *1996: Republican minority commissioner John Senio suggests the county sell Montage for $20 million. The idea eventually dies. *1996-97: Warm winters take a toll, with losses of more than $1 million. *2000s: Democratic majority claims modest profits in first years of decade. Minority Commissioner Robert C. Cordaro blasts their accounting, says the county should sell. *2004: Mr. Cordaro and A.J. Munchak take office in January. In April, they put the 140-acre resort up for sale for $9.6 million, $1 million more than Montage Quote Link to comment Share on other sites More sharing options...
Ski Posted July 3, 2006 Author Report Share Posted July 3, 2006 I think CB went for $48 million. Quote Link to comment Share on other sites More sharing options...
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