By: Mike Kennedy|
August 25th, 2011
Category: Garrett County News, News, Wisp Real Estate, Wisp Ski Resort
Here is a link to the latest article released to the public on the potential sale of Wisp Ski Resort. The owners of nearby Seven Springs Ski Resort appear to be the most likely candidate to purchase the Wisp. The family that owns Seven Springs also own a majority of the Pittsburgh Pirates baseball team.
Contrary to any rumors the Wisp Ski Resort is NOT bankrupt and in NO danger of shutting down or closing. In fact, in recent years the Wisp has experienced a record number of skier visits. The current ownership group has actually made the Wisp a year round profitable venture with the addition of new attractions like the mountain coaster and zip line canopy tour. It’s very likely that any new ownership group or the current ownership group will continue to add new attractions and expand the ski slopes at the resort.
The article is a little misleading in blaming “low nearby home sales.” The number of nearby Deep Creek Lake home sales are actually trending upwards - they have been since the end of 2009. More likely to blame for this potential sale are lower than anticipated building lot sales around the new Lodestone Golf Course atop Wisp Mountain and the high cost to build such a high end 18 hole golf course.
Many people think of the Wisp as one entity but it’s actually comprised of two separate companies - Recreational Industries and DC Development. Both companies are owned by the same group of people. Recreational Industries is the Wisp Ski Resort and all it’s attractions - ski slopes, lodge, tubing park, and mountain coaster. DC Development is the real estate development company that builds and develops neighborhoods atop Wisp Mountain.
Since 2001, DC Development has been very successful in developing and selling out such neighborhoods and subdivisions atop Wisp Mountain like Boulder Ridge, North Camp, Highline, and Deep Creek Highlands. Those neighborhoods continue to be popular with vacation home buyers in the area.
Wisp Ski Resort will continue to be a huge draw for the Deep Creek Lake area regardless of who owns it. The ski area is a big part and reason why families purchase vacation and second homes in this area. The Deep Creek area is a true four season resort with endless activities and attractions for vacationers and second home owners alike.
If you are interested in pursuing real estate opportunities in the Deep Creek Lake area or at the Wisp Ski Resort please give us a call or stop in our office. We are the local experts and have the largest selection of properties for sale in the area.