It looks like Ghost Town in the Sky could be up for foreclosure in June. According to the article below, if additional funding is not found before then, foreclosure could take place. I would imagine this is a bad economy to be looking for funding in. This all boils down to a nearly $10 million dollar loan BB&T has with the park. They are giving the owners of Ghost Town until June to work something out, or be foreclosed on.
The sad thing is, Ghost Town is one of the bigger tourist draws in Maggie Valley. About 200 people work at Ghost Town in the Sky, so this will surely be bad news for those folks.
I hope, for the sake of Maggie Valley, that something can be worked out. If I get more information on this, I’ll post it.
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