Resort Becomes Wolf Mountain, Opens Despite Bankruptcy

6th December 2010 | Andy Dennison, Southwest Editor

Resorts in this article: Wolf Creek

The resort formerly known as Wolf Creek Utah, has opened for the winter as Wolf Mountain Ski Resort, while bankruptcy proceedings in U.S. District Court in Salt Lake City continue.

The northern Wasatch mountain started up its three lifts on schedule Nov. 26, according to news reports, and will operate for the season under the supervision of a bankruptcy trustee. The skiing and snowboarding mountain has 100 acres of skiing located above Eden.

The resort's ownership, Wolf Creek Properties, filed for Chapter 11 bankruptcy protection in June. The Wolf Creek property includes a golf course, lake, tennis and racquetball courts, plus the ski mountain as part of a 3,000-acre master-planned resort and golf club community. Short-term lodging is available in single-family homes and condominiums.

A Chapter 11 filing keeps the resort open and operating, while owners and court-appointed trustees negotiate how to pay debtors and make the business profitable, if possible. Lack of such a plan puts the property into Chapter 7 liquidation.

The ownership group said in a June statement that it would reorganize and restructure its corporate operations and explore both buyers and partners.

The mountain features a vertical drop of 1,000 feet, and night skiing on all 15 trails.

More information.

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