Sugar Bowl Resort has signed an agreement to operate Royal Gorge Cross Country Resort, America’s largest cross-country operation, which is being purchased by the Truckee Donner Land Trust, the Trust for Public Land and the Northern Sierra Partnership.
The Sugar Bowl Resort operating agreement was inked on Monday, Oct. 1, and includes the 3,000 acres the conservation groups have agreed to purchase.
The Truckee Donner Land Trust, the Trust for Public Land and the Northern Sierra Partnership put down a $500,000 non-refundable deposit on the property on Oct. 1, and plan to complete the $11.25 million purchase on Dec. 20, 2012. The previous owners of Royal Gorge defaulted on their loan on the property, and Royal Gorge was taken over by the lender last summer.
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