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Powder Ridge Closing Delayed Again

Selectman approve short term financing.

For the third time, Middlefield's Board of Selectman voted Tuesday night to extend the closing date on the sale of Powder Ridge ski area to Alpine Ridge LLC.

The town is now targeting Nov. 30 as a closing date to finalize the $1 million sale of the property.

First Selectman Jon Brayshaw said both the board and Alpine had anticipated some delays, which are due in part to the ongoing effort to secure a water diversion permit from the Department of Energy and Environmental Protection.

Previously the town delayed and closing dates.

"We're probably going to go month to month now," Brayshaw said.

During the meeting selectman also agreed to continue short term financing of Powder Ridge, which will result in a $38,000 interest payment over a nine months (Dec. - Sept.).

As of December 2011, Brayshaw said the town will have paid down $320,000 in principal and $266,323 in interest on the original $2.85M price.

Check back with Patch for more details from Tuesday's meeting.

N. Summer Lerch October 19, 2011 at 02:00 PM
I cannot wait until this is over...our son learn to ski here at Powder Ridge, now he is attending Green Mountain Valley School, a Ski Academy in VT ,pursuing his dream to be a world class skier. All thanks to a little ski hill in our back yard. :) Let's give this opportunity to other families and kids!
Ellen Waff October 19, 2011 at 02:23 PM
I agree with you, Summer! We need to have Powder Ridge open!
Rebecca Adams October 19, 2011 at 03:06 PM
I agree. I learned to ski there and was a ski instructor there for many years. I also was a volunteer when Jon Brayshaw asked us to work at the Ridge for free in order to help keep it open. We cannot expect to find a buyer who will take possession as long as the DEP, or now DEEP, fails to understand how important this. We know there is no adverse environmental impact.
Mike Butler October 19, 2011 at 10:23 PM
True...sadly, almighty regulatory agencies care not one bit about how many lives and livelihoods are affected by their decisions...or indecision. I too learned to ski there about 40 years ago, and it's a shame we have to deny our present young generation the same opportunity.

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