Tamarack Resort in Idaho is closing its operations. The high-profile ski resort located 90 miles north of Boise, which also includes an 18-hole golf course, closed in early March in the wake of foreclosure lawsuits and non-payment of a note held by lender Credit Suisse.
The resort was being run by court-appointed receiver Douglas Wilson Co. of San Diego, after Credit Suisse succeeded in ousting operators and major shareholders Jean-Pierre Boespflug and his partners.
Opened in 2004, the resort ran into difficulties when home sales slowed in the current credit crunch. The resort generated sub-standard ski visits during December and January, resulting in an operating deficit of over $300,000 during that period.
The fate of the resort is unknown. Boespflug had been seeking a buyer for the property, but as of mid-March, had found no takers.