
Crédit Suisse is holding $300 millions in debt and doesn't like to hear that a group of second-homeowners are intent to secure a $7.9 million loan to continue “skeletal operations” this winter and prevent creditors from dismantling and selling the resort's chairlifts. The issue has been brought to court this past Monday , but the judge declared that there is not much a court can do to counteract the effects of the economic downturn, the state of neglect of the project and its difficult access. With mountain real-estate values still tanking, there is little chance these rich homeowners can prevail and would be better off funding their survival themselves.
Now, who can lend me some tools so I can start taking these seven lifts apart before winter?
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