National Penn Bank is seeking more than $6.6 million in principal on a $7.5 million mortgage. The owners say they have been working on a refinance deal since last November. Any refinancing must also include more than $700,000 in county and school taxes, or the property could be listed for a tax sale in September.
The area also defaulted on a separate, $5 million state loan but has renegotiated the terms on the $4.5 million balance. Those terms include no payments for as long as a year, according to the Times-Tribune.
In the meantime, summer operation of the waterpark has continued.
The ski area has five chairlifts, two conveyors, 26 ski trails, two terrain parks and two halfpipes, as well as a tubing hill.
