Lake Placid Approves Loan For Cascade Acres

Residents of the Cascade Acres mobile home park have secured funding from the state and village in a last-minute attempt to stop the sale of the land that their 124 manufactured homes sit on by matching an offer from a private equity firm, allowing the residents to exercise their right of first refusal. The Adirondack Daily Enterprise reports the residents’ purchase offer had not been accepted by deadline on Thursday evening.