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Bank scuttles sale of Val Chatel, cuts off negotiations

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Potential buyers of a defunct ski resort north of Park Rapids say their bid was rejected by the bank that owns the property, even though the buyers met the bank's price.

"There was never a signed purchase agreement," said State Bank President Marty Peterson of the Val Chatel property.

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Sarah Smith is the outdoors editor. She covers Hubbard County, courts and breaking news.

(218) 732-3364
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