Get your bids in–last week of auction for Elk Meadows Ski Resort

Posted By: The Ski Channel on November 16, 2009 3:56 pm

If you’ve dreamed of owning your own ski resort, then you have one week to get the cash together and make it happen.  Elk Meadows Ski Resort, located in the Tushar Mountains of Utah, is up for auction until this Friday at 5 p.m. PST.  The property is 1,138 acres, and was once held by Mount Holly Partners LLC., which filed for voluntary bankruptcy this part July.  LFC Group of Companies is starting the bids at $1 million, and the property is estimated to be worth $5 million.  The ski resort does have liabilities of up to $430,000, which includes about $85,000 in back property taxes.