FWIW, over the years (decades, I guess), I have also occasionally heard people, all from Penn State, jokingly refer to Tussey Mtn, the small ski hill just east of State College, PA, as "College Mountain", probably because of the name of the town and because most of its skiers were from the university. More disparagingly, I've also heard it referred to as Wussey Mtn - grin.
To be honest, even before Whitetail, I'm amazed that anyone would have considered another, completely separate ski hill that close to Liberty. I would have thought that the developers would get much more return on their money (and fewer legal hassles) by expanding Liberty into a more comprehensive resort. However, to be honest, I have no idea what the neighboring, non-ski land is being used for and if it could have been obtained by Liberty.
Anyway, as the other poster pointed out, with Whitetail now in operation (and the other problems), the question of yet another area is probably entirely moot.
Tom / PM