New Ragged Mountain owner plans overhaul.
RMR-Pacific LLC, the Danbury ski area's new owner, said it plans to upgrade the ski slopes and golf course and expand the struggling resort with slopeside homes.
RMR-Pacific, an affiliate of the Salt Lake City developer Pacific Group, purchased Ragged Mountain from brothers Walter and AI Endriunas, who had owned the resort for nearly 20 years but faced the threat of foreclosure this spring after they defaulted on a $4.75 million loan.
RMR-Pacific said it is teaming up with Hart/Howerton, an international architecture firm, in the upgrade.
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|Title Annotation:||Ragged Mountain Ski Area; RMR-Pacific LLC; Hart/Howerton|
|Publication:||New Hampshire Business Review|
|Article Type:||Brief article|
|Date:||May 25, 2007|
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