Duluth Mayor Emily Larson will hold a news conference Thursday afternoon to share her recommendations regarding the Spirit Mountain Recreation Area, in advance of a resolution that's heading to the City Council on Monday.
The resolution would authorize the city to forgive up to $900,000 of the $1.2 million it has lent the troubled ski hill in recent years to help make ends meet.
If approved, the resolution would come with a stipulation that Spirit Mountain make at least equal investments in capital improvements to its physical operations over the next three years. To qualify, those capital improvements would need to each be in excess of $500 and must have a useful life of five or more years.
Spirit Mountain also would be required to pay back at least $300,000 in debt to the city by 2023.
The proposed debt forgiveness package is in keeping with the recommendations of a task force Larson appointed last year to put Spirit Mountain "on a financially sustainable, long-term trajectory," according to the resolution.