If you are a savvy marketeer and have saved more than a few bucks, this might be your chance to show your mettle, resurrect the moribund Tamarack Resort and turn it into the next Deer Valley Resort.
Within the next two month a sheriff's sale might offer to the highest bidder a large portion of the resort, including the lifts, the on-mountain facilities, the golf course and more than 2,000 homesites. Indeed, Credit Suisse is now free to go forward and sell its interests in the resort.
The situation however isn't that simple as their are four additional creditors concurrently trying to sell their interests in other key properties that are integral to the resort, like the partially built retail spaces, and the unfinished condos and townhomes at the village base.
So, as always, buyer beware, and best of luck to the prospective owner on bringing destination skiers to that remote central Idaho location!
Thursday, September 27, 2012
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