Editing Massanutten, Virginia (section)

== Development and growth ==
In 1973, the Massanutten Development Corporation was chartered by John L. Hopkins III (President), the great-grandson of G.T. Hopkins,  Leland Leachman, (Vice President) Donald Litten, Len LaSala (Del Webb employee appointed Massanutten general manager).  One and one-half million dollars was paid to individual property owners to assemble 5,300 acre at a price of  $100-$300/acre.  One piece was purchased for $1000/acre.  Hopkins invited the [[Del Webb Corporation]] to enter the partnership.<ref>{{Cite book|title=Massanutten|last=Michaels|first=Christine|publisher=Acadia Publishing|year=2007|isbn=2007921383|pages=32–105}}</ref>

In 1974, an economic downturn caused the Webb Corp to become the major stockholder.  In 1977, Dale Stancil, former owner of [[Bryce Resort]], purchased the resort for $1.9 million and renamed the property Massanutten Village, Inc.  In 1980, John Swaim of First Federal Corp. acquired the resort for $4.0 million.   In 1984, the current owner, Great Eastern Resorts (C. Dice Hammer and Jim Lambert) acquired the resort for $3.0 million in a bankruptcy reorganization plan.<ref>Swallow, Wendy.  [https://www.washingtonpost.com/archive/realestate/1984/10/20/massanutten-is-denied-more-time-on-its-35-million-bailout-plan/16ae6acf-46ef-4635-8735-c3ed96f4f53b/ "Massanutten is Denied More Time On Its $35 million Bailout Plan."]  The Washington Post October 20, 1984.</ref><ref>Swallow, W. [https://www.washingtonpost.com/archive/business/1984/12/24/bankrupt-massanutten-resort-sold/632e7a5d-8177-4a84-a846-2d00c97497f8/ "Bankrupt Massanutten Resort Sold"]. The Washington Post December 24, 1984</ref>