Killington Loses Development Partner
SAM Magazine--August 1, 2006, Killington, VT--Killington's long-awaited ski village suffered a setback when its developer pulled out of the project. According to the Rutland Herald, Centex Destination Properties, who signed on a year ago to build out a village at the base of Killington that would have included 1,400 vacation homes and condominiums, has chosen not to move forward with the project, and has instead chosen to focus its efforts on a build-out at Loon.
The Vermont ski area is still planning on going ahead with the project and is actively working its way through the Act 250 permitting process with its landowner partner, SP Land Co. But, Killington will have to start over for its search for a financial partner.