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Duluth Council Forgives Spirit Mountain s $900K Debt As Part Of Larger Plan

Duluth Council Forgives Spirit Mountain s $900K Debt As Part Of Larger Plan
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Duluth Council approves debt forgiveness plan for Spirit Mountain

The Duluth City Council on Monday night approved a debt forgiveness plan for Spirit Mountain for up to $900,000.

Duluth City Council forgives $900,000 Spirit Mountain debt

City councilors passed a debt-forgiveness resolution despite suggestion by some that the package deserved further deliberation. Written By: Peter Passi | × Spirit Mountain Recreation Area, Duluth, on May 18, 2021. (Steve Kuchera / News Tribune) Under the terms of a resolution passed 6-2 Monday night, the city of Duluth will forgive $900,000 in debt related to an outstanding $1.2 million line of credit extended to the Spirit Mountain Recreational Area years ago. The ski hill will be asked to pay back the remaining $300,000 debt over the course of the next three years. Additionally, Spirit Mountain would be expected to invest at least $900,000 in capital improvements to its facilities during the same three-year period.

City Council Votes To Forgive Spirit Mt Debt

By Dave Strandberg May 25, 2021 | 4:26 AM DULUTH, MN (CBS-3) – After tabling the vote for two weeks, Duluth City Councilors voted to forgive up to $900,000 of Spirit Mountain’s debt Monday. The debt forgiveness plan is one part of Mayor Emily Larson’s recommendation to invest 24 million dollars into the recreation area updating and refreshing the space after years of neglect. Councilor Janet Kennedy urged support of the measure “so we can move on and make a difference in what Spirit Mountain needs to be and how we can grow that forward.” One of two councilors to vote against the resolution was Derek Medved who said the model is broken and faulted and “it’s time that we take steps to find a committed owner who will put the puzzle together with us”.

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