According to Wikipedia, Indianhead Mountain was developed in the late 1950’s by Jack English, an amateur pilot from Chicago who had flown over it and admired the snowy slopes. It became one of the premier areas in the Big Snow Country of the western UP where lake-effect snowfall averages over 200″ annually.
In the 1980’s and 90’s, Indianhead was much neglected and fell on hard times, according to Closser Associates, an appraisal firm. It nearly became a lost Michigan ski area, but was sold at a bankruptcy auction in 2000 to people who wanted to revitalize the area. The new owners reinvested in the business and Indianhead continues to be a going concern, currently preparing to open for the 2011-12 ski season.