- August, 2005 T.D. Banknorth , first mortgagee, begins foreclosure of its mortgage on the Powder Ridge Ski Area in Middletown Superior Court.
- 5/2006 through 9/2006 Town negotiates unsuccessfully with owner of Powder Ridge to purchase Powder Ridge with lease back to the owner. No contract ever signed.
- April, 2007 Town referendum authorizes purchase of Powder Ridge. Town plans to buy property together with Robert Switzgable ( Ski Sundown) who would operate the ski resort.
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- April, 2007 White Water Mountain Resorts (owner of Powder Ridge) goes into bankruptcy; foreclosure in Superior Court suspended.
- April, 2008 Switzgable withdraws from deal with town. No contract ever signed.
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- June, 2008 After bankruptcy court allows Superior Court foreclosure to proceed, Powder Ridge sold at auction to Middlefield Holdings ( successor to T. D. Banknorth) for $2.75 million.
- December, 2008 Town purchases Powder Ridge from Middlefield Holdings for $2.55 million plus a four year lease to Middlefield Holdings the town can buy out early for $225,000.
- June, 2009 The Town selects Snow Time/CDF ( Dan Frank, member) as developer for Powder Ridge. Selection made after the Town issued an RFP to which only two bidders responded.
- February, 2010 Snow Time/CDF withdraws its bid to buy the property. No contract ever signed.
- May, 2010 through March, 2011 Town negotiates contract of sale to Alpine Ridge, LLC ( Dennis Abplanalp, member). Contract of sale signed March 15, 2011.
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