Bolton Valley, VT September 1--Bolton Valley is back and rid of the financial turmoil that plagued the 34-year-old resort over the past couple of years. The new owners, a group of Vermont investors led by Ned Hamilton who bought the area out of bankruptcy last year, have been approved by the Vermont Economic Development Authority for an $800,000 low-interest loan. When added to the $1.5 million the investors have already spent, Bolton will be able to reopen in style this season.
Among the improvements are a renovated hotel and base lodge, several new retail shops, a log cabin village, new trails, two new groomers, a lighted tubing park and a 1,500-foot terrain park.
John Biondilillo, the president of the ski area, as well as an investor, explains, "We are positioning ourselves to be a four-season resort, as well as a destination resort. The way we are set up, customers can literally park their cars and leave them. We have restaurants, shops and sports, all at the base area."