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Regional News

Area ski resorts enjoy benefits of snowstorm

This season's snowfall has brought back revenue for many winter sports industries in central and northern New York, after last year's winter with lower than normal snow levels. Friday's snowstorm that blanketed the East Coast was beneficial to area ski resorts, including Greek Peak in Cortland County.

Hopes are high at Greek Peak, where 10 inches of new snow brought in skiers and snowboarders from all over this weekend.

The resort in Cortland County nearly closed last year, when the bank that held its loans failed in the middle of a dismal ski season.

"This is making our winter today, as you can see the crowds outside here, it's full,” said Tony Casciani, who has worked at Greek Peak for the past 30 years. He says last year was tough, but those running the ski mountain had to adapt.

“One week you've got a good staff of people, it's an assumption you're going to be busy. And then if it changes to rain, that changes the whole character of everything, you know?”

After Greek Peak filed for bankruptcy in August, the FDIC took over their loans, allowing them to reorganize more than $20 million of debt without stopping operations.