Wisconsin's 'snowiest' ski resort files for bankruptcy in survival bid
A decades-old Wisconsin ski resort has filed for Chapter 11 bankruptcy protection.
Back-to-back winters of "extremely low" snowfall gutted the resort's revenues, lawyers said.
The Chapter 11 filing "provides a path forward" for the popular Whitecap Mountains Resort.
A popular Wisconsin ski resort that has been around since the 1960s has filed for Chapter 11 bankruptcy protection as it fights to survive another winter on the slopes.
Midwest Skiing Company LLC, which owns and operates the Whitecap Mountains Resort in Upson, Wisconsin, said in court papers that it filed for bankruptcy on Wednesday after back-to-back winters with "extremely low" snowfall gutted its revenue and left it buried in debt.
The resort, with 43 ski runs across 400 acres, has been touted as the "snowiest ski resort in Wisconsin," a court filing in its bankruptcy case said, adding that Whitecap Mountain annually gets "some of the highest snowfall in the state making for excellent conditions and regular powder days."
However, the past two winters have brought little of the snow that built the resort's reputation.
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