Powder Ridge Plan Hits a Mogul

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EPM

The deal to buy the former Powder Ridge ski area site in Middlefield has hit a mogul after the deal seemed imminent.

Electricity and tax costs in Connecticut are apparently too high to make it worthwhile for two companies to build a year-round recreation area in central Connecticut.

CDF & Associates, based in Windham, New York, and Snow Time Inc., of York, Pa., had been negotiating with town officials to buy the 250-acre property.

Dan Frank, of CDF & Associates, said the developers weren't able to come up with an adequate business plan.

The town was to vote on it next Tuesday and the state offered a $540,000 grant for the development.

Powder Ridge closed in 2006 after five decades in business and its owner filed for bankruptcy protection. The town bought the property for $2.55 million in 2008.
 

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