Deep Creek Lake Real Estate Blog - Jay Ferguson

Deep Creek Lake Real Estate Blog - Jay Ferguson
EVERYTHING under the sun about Deep Creek Lake, Maryland! Deep Creek Lake Real Estate Information, Local News & Happenings in Garrett County Maryland, Current Events, Local Business Profiles, Upcoming Attractions, Vacation Rentals, Resort Realty, Community Profiles, Homes for Sale, Restaurants & Dining, Entertainment Schedules, Festivals & Gatherings, Churches & Charities, Wisp Ski & Golf Resort, Swallow Falls State Park, Youghiogheny & Casselman River, Garrett County Fair & more!

Wednesday, February 8, 2012

Md. county won't bail out whitewater course

Posted: Feb 07, 2012 12:19 PM EST Updated: Feb 07, 2012 12:19 PM EST

OAKLAND, Md. (AP) - The Garrett County Commissioners say they won't bail out a manmade whitewater course near Deep Creek Lake.

The nonprofit Adventure Sports Center International asked the county last month to consider taking over the mountaintop complex, including payments on about $3 million in bank loans.

The commissioners said Tuesday they won't consider a takeover that would include the debt obligations.

The center's operators defaulted on the bank loans after the group that owns the nearby Wisp ski resort stopped paying them for marketing services. The Wisp owners filed for bankruptcy protection in October due to a slowdown in sales of vacation home sites.

More here.


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