Tuesday, April 13, 2010

Tamarack Resort (Idaho) may be surrendered

Tamarack co-owner Jean-Pierre Boespflug has concluded that somebody else will have to breathe life into the resort he built and hoped to finish.


Boespflug said a bankruptcy judge's decision Friday to allow Tamarack Resort LLC to convert its liquidation case to a reorganization case will buy time to find somebody willing to pay for the stalled project. And that will ensure creditors owed more than $314 million will receive part of their money back.

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