March 04, 2009

Tamarack Idaho's Hot New Ski Resort Shutting Down Operations Today

Tamarack ski area is shutting down the lifts and closing it's base lodge doors four years after opeinging the posh new luxury resort

It's definately a sign of the times. Tamarack has shut down it's lift operations in the middle of the ski season and is closing it's base area doors today due to lack of operational finances.

Located in Central Idaho, Tamarack was touted as the first new luxury destination ski resort to open in the United States in 25 years.

Credit Suisse Group in pulling the plug on financing the operation after nearly a three million dollar operational loss was reported from October and one of the owners drained a $250 million dollar construction loan.

So, I guess the next question is:

ANYBODY WANT TO BUY AN UPSCALE SKI AREA?


	Tamarack Ski Area Closes
	Tamarack shuts down operations four years after opening
	http://seattlepi.nwsource.com/local/6420ap_id_tamarack_closing.html

Topic Tags: Credit Suisse Group, Idaho's premeir resort, Tamarack closes today, Tamarack financial trouble, Tamarack Goes Bust, Tamarack Idaho shuts down

by Ski Resort Markets

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