I spent a lot of time at both the state park and the ski area about 15 years ago. My best friend was the ranger at the park for 4 years. This sounds like an awesome revitalization idea. Of the Winters that I frequented the area, 2 of them were decent years for snow:
View of Okemo from the top
It's a really unique spot in VT. The summers up there were a lot of fun too. The park has one of the best hang-gliding launches in Northeast. The park also hosted hill climbs (run, ride, and moto). The mtn road in the park was pretty brutal. I forget the average grade, but I can remember it was a suffer-fest anyway you sliced it.