A movement spearheaded by Tamarack Resort homeowners to revive the bankrupt Idaho ski area for the 2010-11 season, received a major boost on Tuesday. The group announced an agreement with the resort’s majority owner to operate lifts, snow groomers and other facilities.
The news helps pave the way for skiers to hit the Tamarack slopes for the first time since March 2009, when it was shuttered after defaulting on a $250M construction loan.
A federal bankruptcy judge still must approve any proposal to use Tamarack equipment related to court proceedings.
As reported yesterday, a trial is currently underway to determine priority for creditors who are slated to receive any remaining funds from the bankrupted resort group.
The Tamarack Municipal Association, composed of the resort’s property owners, hope to implement a 4-day ski week from Thursday to Sunday starting before Christmas.