Massanutten Waterpark Coupons, Savings and Water Park Description for 2014
Though Massanutten went bankrupt at one point, Great Eastern Resort Associates came to the rescue. This was a partnership formed in August 1984 by C. Dice Hammer and Jim Lambert. In November they decided to form Great Eastern Resort Corp. (a management subsidiary to Great Eastern Resort Management) to be primarily involved in the acquisition, development and financing of Massanutten. Union National Bank accepted the development group's offer of $3 million, and upon confirmation of the sale of Massanutten, Great Eastern began the construction projects to which they had committed in the bankruptcy settlement as well as other projects to take care of the years of property neglect.