Hidden Valley Going Back on Auction Block

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VERNON, NJ (New Jersey Herald) — The Hidden Valley Ski Resort, a fixture in Vernon for 37 years, is going on the auction block Oct. 1 for the second time in seven years. It was not immediately clear Tuesday what the possible sale might mean for the future of the ski resort, located on about 140 acres off Breakneck Road. In 2007, founding owner Donald Begraft sought $6.2 million in a sheriff's auction, after trying for several years to sell the property. He ultimately settled for $3 million to a group of investors after no one bid on it. "At one point, it was worth over $10 million. In today's economy, it should be worth more, and it's worth less -- way, way less," Begraft said, adding that Hidden Valley was last assessed by the township at $3.7 million. As described on the AuctionAdvisers site, Hidden Valley has four ski lifts, 12 lighted trails and snowmaking capabilities. It offers 25,000 square feet of improvements including a main lodge and rental and maintenance facilities.

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