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 … Continue reading New Owner Has Big Plans for Tamarack
Donnelly, ID – The Tamarack Municipal Association (TMA), the owners’ association of Tamarack Resort, will operate the Idaho ski area after acquiring the resort’s assets and averting a tax auction that had been scheduled for today. A group of homeowners established a company to purchase New TR Acquisitions Co. LLC’s (“NEWTRAC”) resort assets, which will now be operated by a … Continue reading Tamarack Homeowners Save Ski Resort
Donnelly, ID – Idaho’s financially beleaguered Tamarack Resort was dealt another blow this week with the news that the resort’s two remaining chairlifts and a half-finished mid-mountain lodge will be auctioned off next month. Valley County seized the lodge and the resort’s Summit and Tamarack Express chairlifts for non-payment of $270,000 in overdue property taxes. The county … Continue reading More Tamarack Assets Head to the Auction Block
Whistler (BC), Canada – Three more western ski resorts have announced season debuts well ahead of their scheduled opening dates. Why not? Everybody else is doing it! In British Columbia, Whistler Blackcomb — the largest ski resort in North America — will be opening one week ahead of schedule on Thursday, November 19. Favorable early season conditions, including … Continue reading Whistler, Tamarack and Kirkwood Join the Early Opening Bandwagon
Donnelly, ID – Tamarack Resort cashed in a life line in 2010, when a local homeowners’ association successfully petitioned a bankruptcy court to allow it to operate the beleaguered Idaho ski area. It’s continued limited operations ever since, without access to a key terrain pod rendered irrelevant after a lender removed the chairlift that accessed that sector. That’s about … Continue reading Idaho’s Tamarack Resort Reopens Lost Ski Terrain
Donnelly, ID – Idaho’s beleaguered Tamarack Resort has a new lease on life…literally. Last month, a day after the Idaho State Land Board authorized the transfer of Tamarack’s ski mountain lease, the resort’s new leaseholder confirmed that Tamarack will return to seven-day-a week operation this winter following a slate of capital improvements. “Returning this incredible mountain … Continue reading New Owner Takes Over Tamarack Resort
Donnelly, Idaho – A lender to Idaho’s failed Tamarack Resort has been cleared to pursue a sheriff’s sale of the ski area’s assets. Credit Suisse Group, to which Tamarack’s owners owe roughly $300 million, could pursue the sale now that a federal judge on Friday refused to grant the request of a rival creditor, Teufel … Continue reading Swiss Bank Gains Approval for Sheriff’s Sale of Tamarack Assets
