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.
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.