Earlier this year, commercial real estate investors NAI Norwood Group placed Mt. Whittier up for sale. The abandoned ski area, located in Ossipee, N.H., hasn’t been in operation since the mid-1980s.
The price tag: $3.2 million.
So just how, exactly, was a group of Florida-based investors able to land a Massachusetts ski area for a cost reportedly less than a third of that price? It’s complicated.
The Berkshire Eagle first reported the recent purchase of Brodie Mountain by a group of four investors at a recent auction for a reported $975,000. Dormant for nearly 20 years, the western Mass. ski area, long-celebrated for its St. Patrick Day festivities, was once dubbed, “Kelly’s Irish Alps” by founder Jim Kelly, who died last year at the age of 87.