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Sat May 28, 2011
Foreclosure For Proposed Bretton Woods Development, Golf Courses
Grand plans for a huge resort community around the Mount Washington Hotel have fallen apart and a foreclosure auction is planned.
About 900 acres surrounding the Mount Washington resort – including two golf courses - are going on the auction block late in June.
That includes about 500 wooded acres that the owners had hoped could be turned into a huge, upscale development with hundreds of homes and retail shops.
The auction does not include the Mount Washington Hotel or the Bretton Woods Ski Resort, according to Paul McInnis Auctioneers (http://www.paulmcinnis.com/auctions/mt-washington-bretton-woods/).
The developers, Crosland Inc. and Celebration Associates, had planned 900 homes and other attractions by 2019 (http://www.nhpr.org/node/15933).
“The number one objective, I think is that this becomes a quintessential, definitive resort destination in New England,” Patrick Corso, who at the time was president of the Mount Washington Resort, told NHPR in 2008.
But when the economy went bad the project began suffering delays.
The auction is scheduled for June 22nd.
Company officials could not be immediately reached for comment.