Granby Ranch doesn't like Taxes (Apparently)?

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Granby Ranch doesn't like Taxes (Apparently)?

Postby EMSC » Wed Oct 04, 2017 10:01 am

Fun story I saw in the post last night. It takes a lot before the Sheriff shows up and locks your doors literally. So there definitely wasn't a simple 'mis-understanding'. Apparently they still owe big bucks for Real Estate Taxes for the prior two years. Based on that I'd think there is a good possibility of bankruptcy in the next year or so and/or it coming on the market for sale in the next year.

One has to wonder if it is the resort itself that is that financially strapped and/or incompetently managed, or if it is the Brazilian owners taking all the cash flow it generates and leaving the local management team with literally nothing to work with? Based on past moves by the foreign owners I'd wager that the odds are at least as solid for that theory as for the place just not making any money.

http://www.denverpost.com/2017/10/03/ski-granby-ranch-resort-seized/
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EMSC
 
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Re: Granby Ranch doesn't like Taxes (Apparently)?

Postby EMSC » Mon Oct 09, 2017 12:35 pm

Here's a follow up on the Real Estate taxes that have yet to be paid. Anyone want to speculate in some RE just down valley from Winter Park?

http://www.denverpost.com/2017/10/09/granby-ranch-still-owes-380k-delinquent-property-taxes/
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Location: Front Range of Colorado


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