Timberline Ski Resort, WV Purchased for $2.2 Million

Timberline Ski Resort is reopening for the 2020 ski season after the family-operated business abruptly closed in February. Owing $2.8 million to creditors, Timberline was forced to seek bankruptcy protection last April. The co-owner and managing partner of the resort allegedly failed to pay twelve years’ worth of county hotel and motel taxes valuing a total of $4,258.

In 1985, Fred Herz had a vision of turning a West Virginian mountain into a family-owned ski area. After convincing his entire family, his dreams became a reality and Timberline Four Seasons Resort opened officially in 1986. With the longest trail south of Vermont, the highest vertical in the SE, and notable preservation efforts for the highlands ecosystem; Timberline is highly recognized.

At an auction held last week, Timberline was purchased by Perfect North Slopes. Although they were the second-highest bidder, the high bidder, First Asset Holding LLC, agreed to designate its bid of $2.2 million to Perfect North Slopes in exchange for $30,000 cash.

This is exciting news for the ski industry in West Virginia. The general manager of Perfect North Slopes, Jonathan Davis, states “We hope to restore and improve Timberline as a local and regional destination for outdoor recreation, especially for winter snow sports.”