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developers had expected the Pennsylvania operation to continue to bring in a profit.
Hie Rappahannock area closed and bankruptcy action was filed with the major creditors unanimously accepting repayment agreements, according to Moore. “In April of 1974, we knew we wouldn’t be able to open the Rappahannock Ski area for some time.”
He went on. “Jim Bill Fletcher suggested a summer operation at the bankruptcy meetings,” said Moore, but it was impractical to implement the suggestion due to lack of money and planning. An informal committee chaired by Fanning Baumgardner was then formed to investigate the possibilities. “We knew a summer operation was the key to reopening the ski area,” Moore added.
“I DON’T apologize at all” for last year’s abortive sale attempt of the area, said Moore, citing “a financial obligation to the com-' pany.” The deal fell through when jzxzs.'m*. i i .s
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