Is Tamarack sinking...again?

[rideit]

I have heard rumors...anyone in the know?

[DharmaBum]

If you mean financially, yes. They're in serious trouble. If you mean physically, probably, but at a rate of around an inch a year we shouldn't worry for a couple more years.

[powdork]

holy crap! if they're sinking, and the snow level is rising, we're doomed.



where is tamarack?

[mtnjam]

they're in more serious trouble than they're putting the media spin on...no surprise though

Geologically speaking, I'm not sure what's happening with West Mountain...probably from all the water well drilling they've been doing in long valley.

I think Tamarack is in Iowa...

[Conundrum]

I had four friends (one higher up in the construction side of it) move back to Boise a couple months ago when ol' JP couldn't write payroll checks. Their chief real-estate marketing guy is suing for high six figures after he quit for breach of contract, they just declared one of the chapters of bankrupcty and the bordering communities are complaining of layoffs and unpaid bills. Not much of this has been publicized though. They were also hosting one of the larger XC mtb series finals in August but pulled the plug themselves because they were afraid they may not have the finances available to host the event.

I did hear a couple new DH trails are going in and the chairs will spin this summer. Personally, I think there's a lot better skiing elsewhere but the riding in the summer is pretty decent. So, I'm not too worried yet. We'll milk a few more summers out of it.

[gobblehoof]

Maybe you have seen this. Well at least they're Swiss.

Another Sign of Tamarack’s Troubles


By Jill Kuraitis, 4-16-08


The Boise offices of Tamarack Resort will close this week, according to reports from KBCI, the Idaho Statesman and others.

The Valley County resort, led by CEO Jean-Pierre Boespflug, is in financial crisis after Credit Suisse foreclosed on a $250 million loan for which payments had stopped. Boespflug and his partner declared bankruptcy.

Independent contractors have filed at least 20 liens against the resort to recover their unpaid bills. There is now no construction active at Tamarack.

Boespflug told the Statesman that about 20 employees are affected by the closing.