The closed Powder Ridge ski area in Middlefield is a step closer to reopening after town officials signed a tentative sales agreement, The Associated Press reports.
The $1 million agreement signed this week gives the town and buyer, Alpine Ridge LLC, 90 days to back out.
First Selectman Jon Brayshaw told The Middletown Press the agreement is a “huge relief.”
Under the deal, the town retains development rights.
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The next step is a public hearing this spring and a town meeting to finalize the sale in the summer.
The resort closed for skiing in 2006 after 47 years in business and was bought by the town in 2008.
Alpine Ridge, which paid a $25,000 deposit, plans to spend $2 million on improvements and reopen for skiing by the end of 2013.
