LEAD, S.D. (AP) — A ski resort in the Black Hills is being sold at a sheriff's auction after its owners defaulted on $3.7 million in loans.

The Mystic Miner Mountain Resort is 5 miles south of Lead. The sale comes in the wake of a July 18 default judgment in state court against Union Resort LLC, and an Aug. 2 foreclosure judgment.

In addition to its ski area with 850 feet of vertical runs, the resort with a 6,850-foot summit features a tubing park.

The Rapid City Journal reports that about 100 nearby homeowners are worried about the sale because they're served by a private water system located on some of the land being sold. They're considering forming a sanitation district to take over the water system if necessary.

Information from: Rapid City Journal, http://www.rapidcityjournal.com

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