Although bankruptcy proceedings continue, Tamarack Resort has been approved to open for the season. Tamarack was the first destination resort with skiing developed in the US since the mid-1980’s, but it has been bankrupt since 2009, when stalled real estate sales in a down economy stopped the lifts from turning.
This winter season, open Thursday through Sunday beginning December 20, will generate approximately 65 jobs in Valley County. Daily lift tickets are an affordable $46 for adults, and $22 for youth. Season passes are $199 for the season. Five lifts will be operating, accessing the 7,700 foot summit of West Mountain.
The resorts lenders, Credit Suisse, have moved the resorts bankruptcy from reorganization to liquidation after the Tamarack Municipal Association led an effort to secure more than $400,000 in payments to meet settlement obligations. Tamarack homeowners contributed $80,000 to the settlement.
“Tamarack homeowners are committed to help re-establish a sense of community at this exceptional mountain and lake destination and Judge Myers in his decision to us is clearly agreeing that the resort is more valuable with skiers and snowboarders flocking to it than if the property is dormant while bankruptcy proceedings continue,” said Doug Dvorak, chairman of the board of Tamarack Municipal Association.