Black Hills Ski Resort for Sale

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A 440-acre ski resort is again for sale two years after it was shut down amid bankruptcy proceedings. The owners of the former Deer Mountain/Mystic Miner resort near Lead say they’ve cleaned up the property, made repairs and upgraded a water system serving residences near the resort. The Kansas City-based Milan Investment Club owned most of the mortgage debt on the property and was the sole bidder at a September 2017 sheriff’s auction of the foreclosed property . Milan paid almost $3.8 million for the resort and ski runs. Milan spokesman N. William Phillips says the group has invested more than $50,000 to fix the water system and to pay overdue bills and salaries. The property is listed for $3.25 million.