Greek Peak to stay open, possibly expand, says Senator Schumer

The new owners of Greek Peak in Cortland will keep the ski resort open and possibly even expand.

Senator Charles Schumer (D, New York) says he has secured a commitment from the new owners to preserve the nearly 1,000 jobs at the resort and even add new ones in an expansion that is being considered.

Schumer fought to keep the resort open and the workers employed amid financial hardship caused by a failed private lender.

In a phone call to Marc Stemerman who recently purchased the resort, Schumer says he received a firm commitment that the new owners plan to keep the existing employees on the job, while hopefully adding new ones. "'s too important to lose; this resort has attracted thousands of tourists to Cortland each year for over five decades and served as a major employer in Central New York," Schumer said in a statement to CNYCentral. "I will continue to advocate for this Upstate New York winter wonderland and its employees, and I'm pleased to announce that the chair lifts will keep running for years to come."

Schumer says there are still some formal steps required to finalize the recent purchase by Marc Stemerman and John Meier. The deal is expected closing on April 19th, and he will keep a close eye on the process and offer any assistance necessary in the coming weeks.

Amid financial problems and at risk of shutting its doors, Schumer pushed the FDIC to provide operating funds to the ski mountain and resort in Cortland so that it could stay open through the winter season. The FDIC provided Greek Peak with roughly $2 million in loans. The previous owners filed for bankruptcy, as part of the protection plan that Schumer helped shepherd, and was required to participate in an auction of its total operation.

Greek Peak Mountain Resort opened its slopes 55 years ago and has 32 trails, six aerial lifts and two surface lifts. It also operates a full service Nordic Center with groomed Cross Country and Snowshoe Trails. It has a roller coaster, zip lines and ropes course. The resort includes multiple dining options, a spa, fitness center, and a 41,000 square foot indoor waterpark.