$21 million in debt
One of the largest sheriff sales in Carbon County's history is scheduled for Friday, April 13. The sale could have a great impact on Carbon County tourism.
Scheduled to be sold that date are two parcels in Lake Harmony, one consisting of 40.9 acres and including the Galleria and H2oooh Waterpark, and the other 264 acres consisting of the main lodge at Split Rock, a lagoon, and ski area.
The sale has been scheduled against Vacation Charters Ltd., owner of the Galleria and Split Rock. It is being held because Vacation Charters is reported in arrears of $21,108,565.06 to creditors.
Chris Kegel, of the Carbon County Sheriff's Office, said it is possible Vacation Charters could begin making payments on the indebtedness before the sale and have it called off, but so far this has not happened.
Court records show numerous judgments filed in the Carbon County Prothonotary's office against Vacation Charters.
The one which prompted the scheduling of the sheriff sale is filed by TD Bank of Wilmington, Delaware, which is owed the $21-million.
There is also a judgment filed by Textron Financial Corporation of Providence, Rhode Island claiming Vacation Charters owes it $6,103,682.29.
Vacation Charters is one of Carbon County's largest land owners and employers. The firm's facilities attract literally hundreds of thousands of people to Carbon County each year with its recreational facilities.
It was because of the Galleria that the Albrightsville and Lake Harmony Fire Companies were successful in hosting the Pa. State Firemen's Association Parade in Lake Harmony last September.
Kegel said the sale is scheduled for 11 a.m. on April 13.
Vacation Charters officers, according to the Pa. Department of State, are W. Jack Kalins, president; Janet Wheeler, secretary; Louis Delrosso, treasurer, and David London, vice president.
The firm was founded in 1978.
Officials of the firm could not be reached for comment this morning.