Monday, August 31, 2009

 

Whitewater - Center Restructuring

The US National Whitewater Center is in over their heads and trying to tread water. Located on the Catawba River, the country's economic woes have hit this North Carolina center for outdoor recreation quite hard. With a debt load of over 12 million dollars, restructuring has started with 41 different lending agencies.

Jeff Wise, executive director has noted that some programs are up, while others are down. Families still come to the center on the Catawba River for rafting, kayaking, rock climbing, hiking and biking, but the local economy has hit many of the families.

Corporate groups rafting have nearly disappeared as those companies are bearing the shame of past wasteful spending. Most of the corporate groups are not supporting company-based recreational programs any longer for their employees.

For more information contact: Michael Barrett at 704.869.1826
Thank you TOPIX and Gaston Gazette for this post!

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