Senator Schumer to Visit Greek Peak Mountain Resort

Cortland, NY - U. S. Senator Charles E. Schumer will visit Greek Peak Resort, which was at risk of shutting down last summer, to celebrate a successful ski season and provide updates on the tourist destination's future in the ongoing sale process with the Federal Deposit Insurance Corporation (FDIC). Schumer will also push for the FDIC to work with Greek Peak Resort through the sale and ensure that the ski resort remains open for the long term and employees stay on the job.

Last year, Greek Peak's lender failed and was put into conservatorship by the FDIC, who took over the company's loan. Senator Schumer successfully urged the FDIC to offer a lifeline to help this Cortland County tourist destination keep its doors open until the winter ski season arrived. Since then, Greek Peak has had a successful early ski season and has kept all of its nearly 1,000 employees on the job. Schumer will make his push for the resort to stay open and to keep employees on the job for years to come.