Potential buyers size up Hermitage

WILMINGTON — As the United States Bankruptcy Court provides a trustee assigned to the Hermitage Club case more time for reviewing agreements still in place, potential buyers also want to learn more.

"As is always the case in these situations, a number of investors are looking at the project trying to get 'their arms around' the project," Alan Tantleff, the state court-appointed receiver tasked with preserving properties that fall under a foreclosure complaint filed by Berkshire Bank including the ski resort at Haystack Mountain, told the Reformer in an email Saturday night. "I've spoken to a number of qualified, reputable, prospective investors in recent weeks."

On Wednesday, Wilmington Town Manager Scott Tucker told the Reformer the bank's attorney had been talking with the town's attorney.

"There's always a few groups that are interested in the property but I've not actually seen anything developed yet," he said.

Read more: https://www.reformer.com/stories/potential-buyers-size-up-hermitage,586084
(Brattleboro Reformer)