Source: CVDaily Feed

An investor group has purchased Utah’s smallest ski area from a bank that repossessed Ogden Valley’s Wolf Mountain Resort a few years ago.

Real-estate broker Shauna Jensen tells The Associated Press the investors bought the ski area Jan. 15 from America First Credit Union.

Jensen says the new owners have plans to expand skiing on the 460-acre parcel _ only a small part of it is being used for skiing.

Jensen says a group of “passionate” locals teamed up with European investors to buy the resort. She declined to identify the new owners pending an announcement planned for spring, when they change Wolf Mountain’s name to Skyline Mountain Base.

Terms of the transaction weren’t disclosed.