Middlefield's Board of Selectmen voted to buy the bankrupt Powder Ridge ski area.
Town officials said they hope to find a partner to revive the ski area. The vote Tuesday night was unanimous to buy all 246 acres of the site from Middlefield Holdings LLC for $2.25 million.
The town will also lease back to Middlefield Holdings, for a nominal $1 per year, the 113 acres that comprise the ski area itself. The lease will run no longer than four years.
The town was outbid by Middlefield Holdings in a public foreclosure auction in June.
Powder Ridge opened in 1960, but closed down its skiing operation two years ago.