Greek Peak Announces a $20 Million Expansion Project

By Brennan Smith

March 3, 2011 Updated Mar 3, 2011 at 7:50 PM EDT

Town of Virgil, NY (WBNG Binghamton) Greek Peak Mountain Resort is already breaking ground on a twenty million dollar expansion project.

Thursday the resort revealed its plans to the public.

An adventure center, conference facilities and ski area upgrades are all coming to Greek Peak.

It's all part of a vision that started in 1975 to create a family centered, year round destination resort.

"Basically what we need is that full-family participation or elements for the summer time," said Al Kryger, President of Greek Peak.

Part of that family friendly mission is to build an outdoor adventure center.

It will offer a ropes course, four dual zip-lines, a mountain biking park, alpine coaster and year-round tubing center.

"The length of the zip is 1300 feet through the creek. The one that comes down the tubing center is going to be about one thousand feet. They're all dual zip-lines so you can race against each other," said Greek Peak's Sam Kryger.

The resort says it started building the project in February and expects to have it done by June. It will then hire fifty to seventy new employees to run the new facility

"We give them guaranteed loans, get them going, they create jobs, then they create indirect jobs," said NY State Director of Rural Development USDA's Jill Harvey.

The expansion project is made possible by three ten million dollar loans.

The USDA offered money through its Rural Development initiatives.

It then helped find a lender, Tennessee Commerce bank, to invest in its future development.

"The banks that know us and work with us know our guarantee is solid, and if we want to take a risk on a project, they're confident in coming along with us," said Harvey.

For more information about the new Adventure center, visit http://www.theoutdooradventurecenter.com

To submit a comment on this article, your email address is required. We respect your privacy and your email will not be visible to others nor will it be added to any email lists.