I-40 Rock Slide Causes Holiday Slump for Tourist Towns
From: NPR Economic Training Project
Length: 01:55
The Small Business Administration announced this week it will offer disaster loans to companies affected by a massive rock slide that has closed I-40 near the Tennessee border. But North Carolina's mountain towns will need more than loans to keep them afloat this winter. WFAE's Julie Rose reports:
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Piece Description
The Small Business Administration announced this week it will offer disaster loans to companies affected by a massive rock slide that has closed I-40 near the Tennessee border. But North Carolina's mountain towns will need more than loans to keep them afloat this winter. WFAE's Julie Rose reports:
Transcript
The Small Business Administration announced this week it will offer disaster loans to companies affected by a massive rock slide that has closed I-40 near the Tennessee border. But North Carolina's mountain towns will need more than loans to keep them afloat this winter. WFAE's Julie Rose reports:
40JR 1:55
The small gas stations, diners and hotels in Maggie Valley, North Carolina count on the holidays for a boost - especially Thanksgiving weekend, when the nearby Cataloochee ski resort opens.
(smith phone tape) "Maggie Valley is basically a tourism town. I mean, that is what we do here."
Teresa Smith is president of the Maggie Valley Chamber of Commerce. And she's the General Manager of the Maggie Valley Inn. It's the closest hotel off I-40 for travelers coming over from Tennessee, except boulders the size of mobile homes are now blocking the road.
(Smith...
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