Bank scuttles sale of Val Chatel, cuts off negotiations
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.
Are you a newspaper subscriber but you don't have a Digital Access account yet? https://secure.forumcomm.com/?publisher_ID=40&event=subscriber/lookup.
You will need your subscription account number and phone number. Not sure if you have an account? Email us at firstname.lastname@example.org and we can help you.