NEWFANE, Vt. (AP) — A New Jersey-based financial company is looking to recoup nearly $700,000 from a private Vermont ski club after it defaulted on a lease.
A default judgment for a writ of attachment was ordered in Hartford, Connecticut on Nov. 28. The Brattleboro Reformer reports the Hermitage Club and its founder Jim Barnes failed to plea and did not present a defense against NEC Financial Services LLC.
The Hermitage was ordered to pay about $697,141 plus interest at a rate of 12 percent per year.
The club has faced a myriad of financial problems, including the foreclosure of properties like its private ski resort and golf course this year.
Hermitage officials have been hopeful that a $25 to $30 million loan would help reopen their Haystack Mountain resort this winter.