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foreclosure

[ Fri, 2010-02-19 16:38 ]
Riding the Rails, Whistler Blackcomb
An auction offering the sale of Intrawest assets, including Olympic venue Whistler, that was scheduled for today has been postponed

Some non-Olympic news coming out of Whistler, B.C. In case you hadn't heard, Whistler-Blackcomb is for sale; meanwhile Whistler's owner, Intrawest, is fighting to keep the resort. Intrawest owners Fortress Investment Group missed the final payment on a $1.4 billion loan last year, and its big-bank creditors started foreclosure proceedings against the group.

[ Mon, 2009-09-21 17:26 ]
Welcome to Moonlight Basin
Montana resort owes over $86 million

Moonlight Basin is in foreclosure, according to the Bozeman Daily Chronicle. In 2007, Moonlight borrowed $100 million from Lehman Brothers, the recently troubled investment firm. Court papers were filed against the Montana ski resort, which opened just six years ago, on September 10th, claiming Moonlight owes the firm $78 million in principal and $8.3 in interest.

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