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Bank rejects nonprofit’s offer to buy former ski resort in Hubbard County

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By Sarah Smith

Forum News Service

PARK RAPIDS, — Potential buyers of a defunct ski resort north of Park Rapids say their bid was rejected by the bank that owns the property, even though the buyers met the bank’s price.

“There was never a signed purchase agreement,” said State Bank President Marty Peterson of the Val Chatel property.

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Forum News Service
The Forum Communications News Service is the premier news wire service covering the Upper Midwest, stretching from the oilfields of western North Dakota to the plains of South Dakota and to the shores of eastern Minnesota. For more information about the services we offer or to discuss content subscriptions, please contact us.
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