American Skiing Company barely avoided foreclosure by creditors after the company renegotiated its $165 million debt. The company had been unable to meet its financial obligations for several months, and avoided defaulting on loans only after seeking a waiver agreement with lenders.
The Community Alliance sought a planned unit development permit to develop a community center at a former school for children with autism on Stowe Hill Road.
15 years ago:
Chris Diamond returned as general manager of Mount Snow as part of a personnel shakeup by American Skiing Company.
Marlboro College president and former Newsweek journalist and editor Rod Gander retired after 15 years at the school. Gander was credited with saving the college, raising over $7.5 million in donations from foundations, government grants and individuals.
Dr. Bill Sargent saved his own life when he had a massive heart attack while working late at the office. He called Deerfield Valley Rescue, took an aspirin, put a nitro tablet under his tongue, donned an oxygen mask, and waited for the ambulance to arrive.
20 years ago:
West Dover residents Henry and June Berger described their plane crash while on a cross-country ski trip in their single-engine plane. Both Bergers were injured in the crash, but Henry Berger skied down from the wreckage to seek help despite having a broken back. After two and a half hours, he discovered that what he thought were “summer houses” at lower elevations were really just boulders. The next day, he was rescued by a helicopter, and search and rescue teams followed his ski tracks to rescue his wife. Ruth Berger credited her husband’s skill as a pilot with preventing a worse crash.
25 years ago:
Grampy’s convenience store owner Tom Swim appeared before the District Environmental Commission seeking an Act 250 permit to add 2,863 square feet of “retail” space (Swim declined to expound on the type of retail operation) and 11,000 square feet of paved parking.
Wilmington High School’s Class of 1936 held their 50th class reunion. Seven of the eight members of the class attended, including Horace Van Wyck, Philip Stapleton, Louse Ray Daniels, Thelma Hall Benitez, Lilly Russell Waters, Ruth Hawkins Rider, and Katherine Davis Widness.
30 years ago:
Three petitions for oil exploration and drilling in Green Mountain National Forest were filed with the US Forest Service at the Rutland office. One of the applicants, Santa Fe International, sought a lease for the entire 246,000 acres of GMNF land.
Vermont passed a law allowing the use of a “breathalyzer” to obtain a preliminary BAC level from a driver suspected of driving under the influence.
40 years ago:
Wilmington received a $4,030 grant for the police department; $3,530 was for the purchase of a police cruiser, and $500 purchased a photo lab.
Readsboro was dubbed “Vermont’s Fourth of July Town” because of the little town’s big Independence Day celebration that included a parade, field day activities for kids and adults, and fireworks. The festivities attracted visitors from around southern Vermont and the Berkshires.