By Timothy Cama
Gannett News Service
VIRGIL — Greek Peak broke ground Friday for Hope Lake Lodge Resort and Indoor Waterpark, hoping visitors to the indoor water park will complement its skiing season visitors.
With a projected completion in December 2008, Hope Lake Lodge will feature a five-story condominium and hotel complex and a 40,000-square-foot indoor water park. It will create 186 full-time permanent jobs and 275 construction jobs, said Al Kryger, president and CEO of Peak Resorts, the company that owns Greek Peak.
Friday’s ceremony for the $38 million Hope Lake project included local, state and federal government representatives and some of the project’s lenders and investors.
Financing includes a $10 million loan guarantee from the U.S. Department of Agriculture Rural Development program and tax credits from Empire Zone certification.
With the addition of Hope Lake, Greek Peak would be a year-round resort destination. The ski area is operational from late November to mid-April.
Around 45 percent of the lodge’s 106 condominium units have been sold, said Kevin Morrin, executive director of snow sports and sales, and those pre-construction sales are the best deals residents will get.
Units will range in size from 426 to 1,277 square feet and will feature a kitchenette and fireplace in nine different room-design options.
The 40,000-square-foot indoor water park will have a wave pool, a three-story tube slide, 500 feet of body slides, indoor and outdoor swimming pools and hot tubs. The park will use more than 140,000 gallons of water.
Only hotel guests and condominium owners will be allowed access to the water park facilities, according to Morrin. There are discussions, however, about opening the water park to non-hotel customers during off-