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NY Town Cancels $2B Resort with Indoor Skiing

Nov 15, 2010 9:31 AM

From Bloomberg Businessweek:
NY Town Cancels $2B Resort with Indoor Skiing
 A New York town has cancelled a contract with a Scottish developer seeking to build a $2.2 billion resort that would have included an indoor ski mountain. Sean Walter, a town supervisor in Riverhead on Long Island, says Riverhead Resorts has failed to make payments as part of a deal to purchase 750 acres of land. Walter says the town didn't get a $3.9 million payment last week. Click here for the full story.

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