Polsellis still control 'Loaf'

Polsellis still control 'Loaf'The Leelanau Enterprise reports that convicted felon Remo Polselii and his wife Hanna are still in control of Sugar Loaf Resort:

Shortly after she purchased Sugar Loaf resort in March 2005, Wickstrom declared publicly that Polselli was “definitely out of the picture” – an assertion she has repeated several times since then.

But facts to the contrary emerged during a hearing Monday in a suit filed by waste treatment plant operator Sugar Loaf Service Company over an unpaid $500,000-plus sewer bill the company claimed Wickstrom owed. Named as co-defendant in the case was the holder of Wickstrom’s mortgage on the resort, Transcapital Bank of Florida, represented locally by Traverse City attorney Roy Jay Montney Jr.

Montney informed Judge Thomas G. Power during this week’s hearing that Transcapital no longer holds the mortgage on Sugar Loaf Resort – a fact that Sugar Loaf Service Company attorney Tom Pezetti, on the other side of the aisle, said he’d learned only Friday. Montney said that a corporation apparently controlled by Hanna Karcho Polselli had acquired the mortgage from Transcapital, and had subsequently assigned the mortgage to yet another bank.

To read more check out the the article at the Leelanau Enterprise.
Check out more Sugar Loaf news at Leelanau.com.

Photo credit:  Leelanau Enterprise



1 reply
  1. Brandon
    Brandon says:

    Best mountain in northern Michigan…….by far! Truely devasting what these people did to what could of been such a profitable resort. I’m sure many could of been employed at this resort during these economic hardships………. I grew up skiing there, thought my kids would too!

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