In 2007 the resort, after years of struggling to compete with the nearby and much larger Mountain Creek, declared bankruptcy and was sold at a sheriff's auction. A group of investors bought it at auction with the intention of turning it into an all-inclusive resort.
After an unusually warm winter in 2011 and numerous problems throughout,  it was once again put up for liquidation auction in the fall of 2013. It failed to sell at auction, and did not open for the 2013/2014 ski season.