Tamarack's base village has sat in a partially completed state for years. (FTO file photo: Marc Guido)

New Owner Has Big Plans for Tamarack

Donnelly, ID – Idaho’s State Board of Land Commissioners on Tuesday agreed to transfer the lease of the land upon which Tamarack Resort operates to new owners with decades of resort operations experience.

The agreement, announced by the new ownership group Tamarack Resort Holdings, or TRH, may finally allow the beleaguered  central Idaho resort to finally get things dependably up and running at Tamarack.

“TRH is purchasing all key assets necessary to operate the resort now and accommodate future expansion plans, including property on mountain, ski lifts and operations equipment, lodge amenities, lodging operations, the telecommunications utility, declarant rights, lake front equipment, sewer and water bonds, a portion of the golf course and the unfinished Village Plaza,” the new owners announced in a press release. “TRH is also purchasing other private real estate assets and parcels and is taking over the lease to operate The Arling Center event venue. The transactions will close Nov. 30, 2018.”

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TRH investor Imperium Blue has previous experience operating commercial real estate and resort holdings at former Intrawest resorts across North America. Jon Reveal, the general manager of Sleeping Giant Ski Area outside of Cody, Wyo. and a former VP of Operations for Aspen Skiing Co., will oversee Tamarack’s development and operations.

Tamarack's base village has sat in a partially completed state for years. (FTO file photo: Marc Guido)
Tamarack’s base village has sat in a partially completed state for years. (FTO file photo: Marc Guido)

“We have been evaluating and working on this agreement for nearly two years to truly understand the history and complexities of the resort,” said Reveal. “The partnership strongly believes Tamarack has a tremendous opportunity to thrive as a four-season destination of choice for Idahoans and visitors from across North America.

Tamarack sits in the financially challenged Valley County, north of Boise and south of the resort town of McCall, where timber harvesting was once the primary driver of the economy. Local residents welcomed Tamarack to the area for its employment opportunities, but have since seen those opportunities wither as the resort’s development did as well. Its initial developer, a European national, fled the country after facing fraud charges as the resort went into foreclosure. An investment back repossessed ski lifts, and the resort’s village has sat in an unfinished state for years. In the meantime, a group of Tamarack property owners has operated what remains of the resort with a temporary base village, while searching for a buyer.

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Tamarack’s purchase price has not been disclosed. The new owners expect to have the resort open for the winter season by Dec. 14 if conditions permit, as all existing staff will remain in place. They hope to finally have the base village completed by winter 2019-20.

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