Wintergreen Resort– stung by a pair of weak snowsports seasons, challenged by state officials over tax credits, and losing its credit line– has found salvation in the arms of one of the region's richest people, James C. Justice II, the billionaire who yanked the venerable Greenbrier resort out of bankruptcy by building a glitzy casino.Justice also paid $23.75M for 4,500 acres of Albemarle County in April 2011; plans have not yet been revealed for the Albemarle County acreage, in the historic "viewshed" of Monticello.
Wednesday, May 30, 2012
(F)ailing Wintergreen Resort Rescued By Magnate Who Paid Top $ For Albemarle Acreage, and Rescued WV's Greenbrier Resort
Jim Justice is rescuing the 11,000 acre resort in Nelson County, which has been slammed by the Great Recession as well as by Mother Nature: lack of snow. As The Hook reports,