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News stories tagged with "big-tupper"

Michael Foxman Talks About Big Tupper Development

Philadelphia developer Michael Foxman hopes to reinvent the Big Tupper ski area in Tupper Lake. His massive subdivision would affect more than six thousand acres, adding roughly 800 condos and high-end vacation homes. Local government leaders have hailed the plan as a fresh start for the village. But Foxman has faced tough questions recently, following the revelation that he was indicted in the 1990s as part of a Federal savings and loan fraud case. Foxman declined to discuss the S&L case in detail on tape, describing it as "ancient history". He did agree to talk with Brian Mann about his background and his plans for Tupper Lake. Foxman refused to name the investors who are backing the project, but he added new details about the plan which is now being reviewed by the Adirondack Park Agency.  Go to full article

Big Tupper Developer Was Indicted 11 Years Ago For S&L Fraud

Pennsylvania developer and attorney Michael Foxman has unveiled a massive plan to redevelop the Bigger Tupper ski area in Tupper Lake. The proposal includes more than 800 vacation homes and a new Adirondack-style ski lodge. According to legal documents acquired by North Country Public Radio, Foxman was indicted eleven years ago as part of a savings and loan scandal. The collapse of a Florida S&L co-founded by Foxman cost taxpayers 680 million dollars. His case never went to trial, but two of Foxman's law partners in Philadelphia were convicted of fraud. Two Florida real estate developers involved in the scheme also pleaded guilty in the case. As Brian Mann reports, Foxman says he was never involved in any wrong-doing. Local government leaders in Tupper Lake say they're confident that his plan for the community is credible.  Go to full article

Big Tupper to Reopen with Ski Resort & Condos

A consortium of businessmen based in Philadelphia has bought the Big Tupper ski area. The group also bought more than 6,000 acres around the ski hill - and plans to build a condo and second home development. Brian Mann has details.  Go to full article

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