Court rules in favor of skiers at Tamarack

Posted By: The Ski Channel on December 6, 2010 7:20 pm

Skiers and snowboarders hoping to hit the slopes at Tamarack Resort can thank a federal bankruptcy court judge who told homeowners Monday they could use lifts and other equipment they would need to start skiing Dec. 20.

U.S. Bankruptcy Judge Terry Myers’ decision set the stage for the first lift-serviced skiing at the resort since March 2009. The lifts were shuttered then after escalating losses prompted lenders to turn off more loans.
Myers’ endorsement was essential, because property to be used by the Tamarack Municipal Association to run their 15-week ski season is collateral in the $300 million bankruptcy case that has put the resort’s future in jeopardy.

Tim Flaherty, director of the homeowner group, has led the effort to restart lifts at the failed central Idaho resort, insisting doing so will help bolster the value of their property and lure a potential buyer.

“This means we’re opening Dec. 20, 9 a.m. Grab your skis and boards,” he told The Associated Press after Myers’ decision. “A lot of people said, ‘It can’t be done.’ We did it.”

There are 50 inches of snow at the top of the mountain, half that at the base and snowmaking has been in place for a month to help create a snowboard park, Flaherty said.

Michelle Reagan, owner of Gravity Sports in McCall, a town about 15 miles from Tamarack, said rejuvenating the ski resort will help to underpin confidence in a community where people have been reluctant to invest. “A lot of people here depend on tourism for their livelihoods,” Reagan said. “Anytime you can improve that, it helps the whole town in general.”

 

Click here for full article

 

Comments