GARDEN CITY, N.Y. (AP) — A Long Island town has cancelled a contract with a Scottish developer seeking to build a $2.2 billion resort that would have included an indoor ski mountain.

Sean Walter, a town supervisor in Riverhead , says Riverhead Resorts has failed to make payments as part of a deal to purchase 750 acres of land. Walter says the town didn’t get a $3.9 million payment last week.

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Developer John Niven said Friday that the money was being wired from Scotland and was hopeful the town would reconsider.

The developer says he has already made $7.5 million in unrefundable payments and has spent $18 million overall.

The resort would have included a 35-story indoor ski mountain, a water park, winery, equestrian trails, a spa and hotel.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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