Jamieson Resort given clean financial slate
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Jamieson Resort given clean financial slate
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Council writes off ski resort loan SHARE ON:
Timmins council is writing off a $153,000 loan made to what was then Kamiskotia Snow Resort more than a decade ago.
Mount Jamieson Resort, as it’s now called, has used revenue from its salvaged 2020-21 ski season to clean up its balance sheet.
“They’ve paid their outstanding taxes to the city and the cheque has been received in the sum of $195,000,” Mayor George Pirie reported to the Tuesday night council meeting.
Pirie says forgiving the loan gives Mount Jamieson’s new board a clean slate, as it tries to expand to a year-round sports venue.